Holidaybreak is an education, leisure and activity travel group with market leading positions in the UK and other major European markets.
We have four operating divisions: Education; Hotel Breaks; Adventure Travel and Camping. Our businesses enjoy a good spread across different travel segments, operating over 15 leading brands.
The Board of Holidaybreak plc announces a fully underwritten 4 for 9 Rights Issue by KBC Peel Hunt to raise gross proceeds of approximately £33.2 million (approximately £31.0 million net of expenses) through the issue of 21,714,340 New Ordinary Shares.
The Rights Issue is subject to approval by Shareholders at a General Meeting to be held on 3 July 2009.