In a statement yesterday Qantas says that the foreign shareholding level in the airline Qantas is 41.75 per cent, according to the most recent reconciliation of the company’s share register.
The Chief Executive Officer of Qantas Airways Limited, Mr Geoff Dixon, said today the reconciliation was undertaken by Qantas’ share registry, Link Market Services.
Mr Dixon said the previous reconciliation carried out by Link Market Services and released on 5 July 2007 showed foreign ownership at 44.5 per cent.
“Foreign ownership continues to trend down, in line with market intelligence available to Qantas in real time, and we are confident that our share register remains in compliance with the Qantas Sale Act”, Mr Dixon said.
Qantas Corporate Communication Belinda de Rome when questioned by The Mole if Qantas’ foreign share ownership had even gone over the Qantas Sales Act limit of 49% at any time during the APA bidding process, was unable to answer and although promising to call The Mole back, did not do so.”
“I wonder!!”
Report by The Mole
