Media Release
Webjet Share Placement
28th February 2002
Webjet today announced a placement of 1,159,776 shares for a cash consideration of 13 cents per share. The share placement has been made as a last component of the current year's 15% rule which does not require shareholder approval.
Commenting, Webjet's Managing Director, David Clarke, said, "The placement will be used to strengthen our balance sheet. The Australian travel environment is entering a very interesting phase and we believe it is likely that there will be opportunities in the near term to further accelerate our growth".
The placement has been made to a group of stockbrokers and institutional investors.