• Helloworld offers to acquire 100% of Webjet shares at A$0.90 per share
• Offer subject to due diligence, scheme implementation deed, regulatory approvals, and shareholder/court approval
• Webjet Board agrees to provide Helloworld with due diligence opportunity

Webjet Group Limited (ASX: WJL) has announced that it has received a non-binding and indicative offer from Helloworld Travel Limited (ASX: HLO) to acquire 100% of the shares in Webjet that Helloworld does not already own. The proposed transaction would be by way of a scheme of arrangement at an all-cash price of A$0.90 per share. Helloworld currently holds a 17.27% (67,792,433 shares) stake in Webjet. The Helloworld Proposal is subject to several conditions, including satisfactory completion of due diligence by Helloworld, entry into a scheme implementation deed with customary terms and conditions, the unanimous recommendation from the Webjet Board, required regulatory approvals, and Webjet shareholder and Court approval. Helloworld has indicated that the proposed transaction would be funded through a combination of cash on balance sheet and new debt facilities. After careful consideration, the Webjet Board has agreed to provide Helloworld with an opportunity to conduct due diligence. The Webjet Board notes that there is no certainty that the Helloworld Proposal will result in a binding offer for the Company or a completed transaction, and further announcements will be made as appropriate.