SINTACK Pty Limited, the family company of Consolidated Travel owner and AFTA Director Spiros Alysandratos has declined to take up its entitlements in the Helloworld Travel Limited retail entitlement offer.
Sintack yesterday issued an updated “substantial shareholder” notice indicating it sold 708,806 Helloworld shares in May and a further 20,000 earlier this month.
Sintack now holds 20,630,306 shares in HLO giving it a voting power of 13.76%.
Qantas also chose not to participate in the HLO capital raising (TD 27 Jul) while interests associated with CEO Andrew Burnes and Executive Director Cinzia Burnes took up 70% of their entitlements.
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Source: traveldaily