The float of travel media company Jasons has proven popular.
The firm says its 3.6 million share float closed fully subscribed, and the seven million new shares would start trading on the New Zealand alternative exchange at 50 cents each tomorrow.
Jason’s chief executive John Sandford will retain a 37% holding, private investors hold 21%, while 42 percent of the firm has been floated. Jasons provides travel information to visitors to New Zealand, Australia and the South Pacific Islands through its publications or the internet.
Source: tvnz.co.nz
Related Travel Information
Jasons Travel Media Limited announces that it has registered a prospectus in support of the offer of shares
Media company Jasons Travel Media Limited announces its initial public offering of new shares.
Jasons is seeking to raise $3,600,000 through the offer of 7,200,000 new ordinary shares at an issue price of $0.50 cents per share and aims to list on the NZAX.
Jasons is offering an opportunity to invest in a long established progressive media business specialising in tourism – one of the region’s most dynamic growth industries.
Jasons presents information to travellers on the web and in print.
Jasons has over 5,800
An excess of travel capacity between Ontario and the United Kingdom along with soaring fuel prices pushed down second-quarter profits at holiday travel company Transat A.T. Inc. by about 15 per cent, the company said Wednesday.
Net income fell to $38.4 million, 91 cents per diluted share, from a year-ago $45.4 million, $1.10 per share.
That was still ahead of analysts expectations of 89 cents per share on average, according to Thomson Financial.
Revenues for the period ended April 30 were $728.9 million, up from $696 million, while the number of travellers increased 9.6 per cent.
Chief executive Jean-Marc Eustache
Some serious improvements in cabin comfort for travelers are headed to an airport near you.
The biennial Paris Air Show offered a peek at intriguing ideas and important changes. A massager built into your airplane seat, for example, and a personal ventilation system that curves around your head and blows air directly on your cheeks are among the more unusual innovations floated by manufacturers.
But the most important developments involve the look and feel of the cabin. Two airplanes offer major changes in the cabin environment that will raise the bar for what travelers expect from aircraft.
A Boeing 787 that will fly
South Africa's second-biggest hotel and casino company Peermont Global boosted first-half headline earnings per share by 52 percent and forecast solid results for the full year on Monday.
The company said in a statement headline earnings per share, which strip out capital, non trading and certain extraordinary items, rose 52 percent to 43.3 cents in the six months to end June. Adjusted headline EPS, stripping out a one-off option gain, rose 18 percent to 26.5 cents.
"With the sustained strong consumer environment we expect to deliver a solid set of results to the full year ending December 2005," the company said in
Sarang Chemicals Ltd. said Wednesday that the company planned to open offices in the Middle East and Far East countries. Sarang Chemicaqls' presence in these countries will help it to sustain relationships with large organisations operating in the region, said a statement issued to the Bombay Stock Exchange.
The company has recently completed work for Marubeni Corporation of Japan. "Viewing their continuous relationship with Marubeni Corporation, the company plans to open offices in these countries," said the statement.
Sarang Chemicals is targeting at exporting its product dyes and textile chemicals through offices in the Middle East and Far East countries.
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