Tiger Airways: Utilisation of proceeds from the initial public offering
01-Nov-2010 Capitalised terms used herein shall have the definitions ascribed to them in the prospectus dated 13 January 2010 registered by Tiger Airways Holdings Limited with the Monetary Authority of Singapore (”Prospectus”).
The full details of the initial public offering are set out in the Prospectus.
Tiger Airways Holdings Limited ("the Company") announces that of the proceeds raised from the Company's initial public offering:
• Approximately S$39.6 million has been utilised to fund our acquisition of aircraft and associated aircraft pre-delivery payments.
The utilisation is in accordance with the intended use of proceeds of the initial public offering and in accordance with the percentage allocated, as stated in the Prospectus.
Following the utilisations announced to-date, the Company would have materially disbursed an aggregate of approximately S$167.8 million of the net proceeds of the initial public offering.
The Company will continue to make further announcements via SGXNET when the remaining proceeds of the Company's initial public offering are materially disbursed.