Media Release
Share Placement
22nd November 2001
Webjet today announced that it has issued 10 million ordinary shares at a price of 5c per share. The shares are issued under Board authority within the 15% capital regulation and the issue is therefore not subject to shareholder approval.
The placement is to a series of investment groups, including one local funds manager, one international funds manager and the Capstan Group Pty Ltd.
The funds will be used to strengthen the balance sheet and accelerate Webjet's growth rate.