Media Release
Webjet Builds 'War Chest'
17th August 2006
Webjet today announced that it has added very substantial financial fire power to its already strong balance sheet, following the exercise by S8 Limited/Harvey World Travel of Growth Options held in Webjet.
Commenting, Webjet's Managing Director, David Clarke said,
The receipt of over $15m adds to our already substantially strong balance sheet which is completely debt free. The shares, issued consequent upon the exercising of the options, have already been placed with a range of professional investors and institutional investors, whom we warmly welcome to our register. Their confidence in Webjet's business plan and expanding market presence is particularly appreciated.
Although S8/HWT does not own any shares in Webjet Limited, following the completion of this transaction, Webjet looks forward to continued excellent relationships with S8 and Harvey World Travel.