Thomas Cook confirmed this morning that its previously announced capital re-organisation has now been completed.
Company shareholders voted yesterday in a ratio of 99.1% to 0.9% to support the refinancing proposals.
The group’s fully-underwritten rights Issue will now go ahead and Cook will receive around £305 million in proceeds.
The company announced that it will now have some 935 milion shares in issue alongside another 26.7 million warrants convertible into shares outstanding as a result of its capital re-organisation.