Feb 28 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :
* CONFIRMED THERE IS NO CURRENT INTENTION TO PRIVATISE GROUP
* WILL OFFER AN OPT-OUT FACILITY TO BUY-BACK UNMARKETABLE PARCELS OF SHARES FROM UNMARKETABLE PARCEL HOLDERS AT $0.30 PER SHARE
* EXPECTS TOTAL COST OF UNMARKETABLE PARCEL BUY-BACK FACILITY UP TO ABOUT $5 MILLION
* NO PORTION OF PROCEEDS THAT PARTICIPATING SHAREHOLDERS RECEIVE FROM FACILITY TO BE TREATED AS DIVIDEND FOR TAX PURPOSES
* ENGAGING WITH AUSTRALIAN TAXATION OFFICE TO CONFIRM UNDERSTANDING OF POTENTIAL TAX CONSEQUENCES FOR PARTICIPATING SHAREHOLDERS