Hi there! If you're new here, you may want to subscribe to our RSS feed so you'll always get the latest from us. Should you have any questions, feel free to email Jude
LIBRA Holidays has taken millions of UK holiday makers to many destinations since 1973 and the company is known and respected by both the UK travel trade and consumers. LIBRA Holidays acquired recently two other tour operators and appointed the former managing Director of My Travel.
The aim is to grow the value of the company significant to reach a high valuation and prepare the company for a trade sale or public offering in a short time. One of the largest tour operator already owns 20 percent of LIBRA Holidays.
All the Advisory board members have given their “green light” for LIBRA Holidays as a very interesting business and opportunity.
The first round is a private placement of €2.5 million for Bridge members with a share price minimum 20-30 percent below the planned second round with the FSA approved prospectus.
The subscription date in the private placement is between 17 March and 30 March. If the Private placement is oversubscribed the majority owners will consider to make own shares available and transfer such funds to the company in order to grove the business faster.
In the second round LIBRA Holidays will raise additional € 7-10 million with an FSA approved Prospectus to be distributed only to the members of Bridge Investment Network.
In 2006/07 LIBRA Holidays had a 239,000-airline seat capacity, sold, and carried some 211,453 passengers to these destinations. As the UK leisure travel market has changed rapidly over the past 5 years with the growth of the low cost airlines, the internet and new competitors, so has the need for LIBRA to embrace those changes.
For this reason, a new management team has been put in place and a new business plan developed in order to set out the future strategic direction of the business and to take advantage of significant opportunities in the market.
In parallel, over the past months, an investment opportunity arose to acquire the business of a specialist tour operator Argo Holidays Ltd. and its two brands Argo Holidays and Jetlife. Argo Holidays targets the higher end of the market and specializes in package holidays to Cyprus, Greece and the Middle East (particularly the Arabian Gulf and Egypt) offering four and five star hotel accommodation. Jetlife targets the middle market and offers a mix of tailored and standardized holiday packages for long haul destinations in Asia, the Caribbean and the United States. This acquisition fits extremely well with the future
business plans of LIBRA Holidays.
LIBRA holidays appointed industry heavyweights Michael East and Eamonn Ferrin to its new management team. Both senior members of the team come with vast experience in the travel industry. Until recently, Eamonn Ferrin was the managing director of MyTravel - Owned BCT Travel Group. Michael East is extremely well respected throughout the travel industry, particularly in the UK and also abroad. Michael is the founder of a leading executive recruitment specialist company for the travel industry.
If you like our articles, please consider signing up for our RSS! Share This
I have personally spoken with Ben Seigler and Wayne McClean and Brenda. I do not beleive it is a scam. Ben is very much alive and well, and still here in the US. If this was a scam, don’t you think that they would have pulled the plug and disappeared at the first rumor?? They have not. They let the investigations go on and cooperate so that they can be cleared and can get this processed for everyone.
Every time that someone makes a claim that Global Pension is a scam, they cause a delay in processing so that all investigations and check-outs can be done. This has been investigated heavily by Wayne McClean and has been found to be legit. If it is a scam as some of you think, then don’t join!! But for those of us who have joined and believe it is legit, leave it alone so that we can get it all processed and done! Don’t ruin it for everyone else. When it works for us, then we can come back to you and say ‘See? it worked’ . Then YOU can benefit from our risk. but please, leave it alone and quit starting rumors, so that they can finish and pay out.
cheryl
India is one of the world’s most popular tourist destination. Tourists from all over the world visit India all round the year. We at ITOPC (Indian Tour Operators Promotion Council) provide you all possible assistance to make your trip a pleasant experience. Get more info with us at ITOPC