The Placement and the Entitlement Offer will result in the issue of approximately 97.2 million new fully paid ordinary shares in response to the COVID-19 outbreak.
Major shareholders the Turner, Harris and James families have committed to taking up a portion of their pro rata entitlements, in total representing a financial commitment of approximately $25 million.
Shares in Flight Centre Travel Group (ASX:FLT) are currently suspended - last traded at $9.91.