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WEBJET LIMITED (WEB)

Listed on ASX

Former (or subsequent) names

 FROMTO
WEBJET LIMITED15/06/2000
WEBJET NL18/04/200015/06/2000
ROPER RIVER RESOURCES NL02/03/199818/04/2000
ROPER RIVER GOLD NL02/03/1998

Shareholder links

Our website ranking of WEB: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Level 5, 115 Grenfell Street, Adelaide SA 5000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000WEB7
Address: Level 9, 492 St Kilda Road, MELBOURNE, VIC, AUSTRALIA, 3004
Tel:  03 9820 9214 Fax: 03 9820 9258

Date first listed: 19/11/1997
Company Secretary: Zi Mtenje
Sector: Retailing Industry Group: XDJ
Activities: Online travel service

The suspension of trading in the securities of Webjet Limited will be lifted immediately, following the release by WEB of an announcement regarding its capital raising.

02/04/2020

Institutional component of the Entitlement Offer and Institutional Placement successfully raised $231 million. 90% of eligible institutional shareholders elected to take up their rights in the Institutional Entitlement Offer. Institutional Placement upsized by $14 million and was significantly oversubscribed, with the Equity Raising now fully underwritten following strong demand from existing and new investors. Bain Capital Credit LP to become a new shareholder, subscribing for $25 million of Webjet shares and agreeing to a potential economic commitment of up to an additional $65 million. Entitlement Offer now fully underwritten with the retail component of the Entitlement Offer expected to raise $115 million and together with the Institutional Placement and Entitlement Offer, the Equity Raising is now expected to raise a total of approximately $346 million of gross proceeds. Retail Entitlement Offer opens on Wednesday 8 April 2020.

02/04/2020

The company releases a Cleansing Notice.

01/04/2020

The company releases its Equity Raise Investor Presentation.

01/04/2020

Webjet is undertaking an institutional placement and accelerated pro-rata, non-renounceable entitlement offer to raise a minimum of $275 million. Proceeds will be used to strengthen the balance sheet in light of the continued impact of COVID-19 and associated government restrictions impacting travel globally. Proceeds expected to be sufficient to provide for operating costs and capital expenditure through to the end of 2020, even assuming severe travel restrictions continue. Webjet is also pursuing capital strength to be optimally positioned to benefit from likely changes in the competitive landscape due to severe financial pressure. Current focus is on mitigating the short-term impact to earnings. Webjet remains intent on maintaining its leadership positions in its global WebBeds business and Australian Webjet OTA. Management believes Webjet's diversity of global source markets and product lines will position it to perform well when market conditions normalise.

01/04/2020

The company provides an update on its dividend distribution. Webjet believes it is prudent at this time to defer the interim dividend previously scheduled for payment on 16 April 2020 to 15 October 2020, subject to further review should the need arise for further deferral.

01/04/2020

Work on its proposed capital raising remains ongoing. Because the company has not yet reached an outcome, the voluntary suspension of its securities has been extended. At this stage, Webjet expects to be in a position to announce the outcome of the proposed raising within five business days.

30/03/2020

The company is currently working on a proposed raising which has not yet been concluded. Webjet requests that the voluntary suspension remain in place until Webjet releases an announcement in relation to the outcome of the proposed raising. At this stage, the length of the suspension is not expected to exceed five business days.

23/03/2020

The securities of Webjet Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of WEB, pending the release of an announcement regarding the outcome of a proposed raising.

23/03/2020

we understand that on or about this date the company consolidated its shares 1 for 4

08/06/2007

name changed from Webjet NL

15/06/2000

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    11/09/2020Roger Sharp-64,000$3.900$249,600
    11/09/2020John Guscic-5,521,468$3.844$21,224,207
    01/10/2019John Guscic26,500$10.689$283,253
    26/09/2019Don Clarke3,000$11.410$34,230
    25/09/2019John Guscic350,000$1.130$395,415

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Roger SharpNon Exec Chairman, Independent Director01/01/2013
    Don ClarkeDeputy Chairman, Non Exec Director10/01/2008
    John GuscicManaging Director25/01/2006
    Shelley BeasleyCOO21/02/2011
    Tony RistevskiCFO21/05/2018
    Shelley RobertsIndependent Director30/04/2016
    Brad HolmanIndependent Director19/03/2014
    Toni KorsanosIndependent Director01/06/2018
    Allan NahumNon Exec Director01/04/2011
    Steven ScheuerDirector22/03/2000

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Rajiv RamanathanIndependent Director21/06/201721/11/2018
    Michael SheehyCFO29/08/201321/05/2018
    David ClarkeNon Exec Chairman22/03/200021/06/2017
    Robert TurnerCFO23/07/201229/08/2013
    David TurnerInvestor Relations05/03/200726/08/2013
    Christopher NewmanDirector01/12/200614/11/2012
    Richard NoonCEO12/04/200731/08/2012
    John LemishExecutive04/03/2010
    Bernard LochtenbergDeputy Chairman28/11/2007
    Timothy DoddsNon Exec Director09/02/2006
    Norman FrickerNon Exec Director29/07/200405/10/2005

    Date of first appointment, title may have changed.