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The latest update is out from Flight Centre Travel Group Limited ( (AU:FLT) ).
Flight Centre Travel Group has called a general meeting of shareholders for 14 May 2026, to be held electronically, to vote on approving the disposal of its shares in Pedal Group. The board is seeking shareholder approval under ASX Listing Rule 10.1 to proceed with the transactions, supported by an independent expert’s report that concludes the deal is fair and reasonable for non-associated shareholders.
The notice details proxy and voting procedures, including how shareholders can appoint proxies and corporate representatives, and notes that certain related parties, including managing director Graham Turner and associated entities, are excluded from voting on the resolution. The outcome of the meeting will determine whether Flight Centre can complete the Pedal Group share disposal, potentially reshaping its investment portfolio and capital allocation priorities.
The most recent analyst rating on (AU:FLT) stock is a Hold with a A$10.50 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 Australia-based travel company listed on the ASX that operates in the leisure and corporate travel industry. It provides travel booking and related services to individual and business customers, and manages a portfolio of travel brands and investments, including stakes in specialist travel and related businesses.
Average Trading Volume: 1,539,246
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.23B
Learn more about FLT stock on TipRanks’ Stock Analysis page.