Flight Centre repurchases notes, converts performance rights

Flight Centre Travel Group Limited (ASX:FLT) has announced the cessation of 625 convertible notes (FLTAA) on September 3, 2025, through a cancellation process as part of a buy-back. The total consideration paid for these securities was AUD 123,687,500. The convertible notes, which are unsecured and unsubordinated and due on November 17, 2027, were listed on the Official List of the SGX and convert into fully paid ordinary shares of FLT. This action follows earlier ASX announcements by FLT on August 27 and 28, 2025, regarding the proposed concurrent repurchase of its convertible notes.

Concurrently, the company also reported the conversion of 48,532 performance rights (FLTAP) into ordinary fully paid shares (FLT) on September 3, 2025. These conversions were part of an employee incentive scheme, with key management personnel Adam Campbell and James Kavanagh receiving 32,670 and 15,862 shares, respectively.

Following these transactions, Flight Centre's issued capital now comprises 217,761,688 ordinary fully paid shares (FLT). The unquoted securities include 3,346,750 performance rights (FLTAP) and 3,747 convertible notes (FLTAA).