Lastminute EGM approves buy of Travelprice

Online travel site Lastminute.com said this afternoon that Travelprice

Online travel site Lastminute.com said this afternoon that Travelprice.com is performing well ahead of its expectations in the current quarter.

The trading update accompanied news that lastminute's shareholders at today's EGM approved the proposed share issue relating to the £31.9 million all-share acquisition of Travelprice.

Lastminute chief executive Mr Brent Hoberman said Travelprice's total transaction value is over 50 per cent ahead of last year for the key months of July and August.

"We look forward to the business contributing to lastminute.com's European growth in the future," he said.