PRNewswire -- Allegiant Travel Company (Nasdaq: ALGT) announced today the proposed secondary public offering of 2.3 million shares of its common stock. In the offering, 2.25 million of the shares of common stock will be offered for sale by PAR Investment Partners, L.P., the company’s second largest shareholder, and 50,000 shares will be offered by Timothy P. Flynn, a member of the Company’s board of directors. Following the offering, PAR Investment Partners will continue to beneficially own over 1.9 million shares of the Company’s common stock. In addition, Maurice J. Gallagher, Jr., the Company’s chairman of the board, president and chief executive officer and the Company’s largest shareholder, and the Company expect to grant the underwriter a 30-day option to purchase up to 345,000 shares of common stock to cover any over-allotments, of which up to 100,000 shares would be offered by Mr. Gallagher and up to 245,000 shares would be offered by the Company.
