Media Release
Webjet Ltd Sale Of Share In Webjet Ltd
6th February 2006
Webjet notes the sale by S8 Ltd of the Harvey World Travel shareholding in Webjet Ltd and congratulates the S8 group on its investment profit resulting from the sale.
Commenting Webjet Managing Director, David Clarke, said:
"We also look forward to the continuation of our working relationship with Harvey World Travel and S8 and now, at the same time, warmly welcome the increased shareholding in Webjet by the Thorney Investment Group and also welcome our new shareholders and their demonstrated investment confidence in Webjet Ltd.
For purposes of clarification we consider it is appropriate to remind the market of the conditions of the Harvey World Travel options:
- The 56,000,000 options are non transferable by Harvey World Travel
- They may be exercised at any time up to April 2009 at an issue price equal to the VWAP of Webjet's share price for the ten days leading up to the exercise date at a reducing discount scale as time elapses.