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Flight Centre Travel Group Limited ( (AU:FLT) ) has provided an announcement.
Flight Centre Travel Group has notified holders of its A$400 million 1.625% convertible notes due 2028 that the conversion price on these securities has been adjusted following a dividend declaration. The conversion price moves from A$25.5957 to A$25.3284, effective 25 March 2026, reflecting the impact of a A$0.12 dividend payable to shareholders of record on 26 March 2026.
The adjustment ensures that noteholders are economically neutral to the cash dividend distributed to equity investors, maintaining the intended balance between debt and equity holders under the notes’ terms. This change may slightly increase the potential equity dilution for existing shareholders if the notes are converted, but preserves the contractual value offered to convertible note investors.
The most recent analyst rating on (AU:FLT) stock is a Hold with a A$11.00 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited is an Australian-based travel company operating in the global leisure and corporate travel industry. It provides travel booking and management services, including flights, accommodation, and related travel products, targeting both individual consumers and business clients across multiple markets.
Average Trading Volume: 1,427,426
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.31B
For an in-depth examination of FLT stock, go to TipRanks’ Overview page.