• Helloworld (HLO) submits non-binding indicative proposal to acquire Webjet (WJL)
• Proposed cash consideration of A$0.90 per Webjet share, representing a 31% premium
• Combination of Helloworld and Webjet seen as a compelling strategic fit

Helloworld Travel Limited (HLO) has submitted a non-binding indicative proposal to the Board of Webjet Group Limited (WJL) to acquire all of the issued shares in Webjet that it does not already own by way of a scheme of arrangement. Helloworld's Proposal to acquire all Webjet's shares for a cash consideration of A$0.90 per share represents a compelling value proposition for Webjet's shareholders, being a 31% premium to Webjet's undisturbed closing share price of A$0.685 per share on 7 May, a 54% premium to Webjet's undisturbed 1-month VWAP of A$0.58 per share to 7 May, and a 19% premium to Webjet's last close share price of A$0.755 per share on 18 November. Helloworld believes the Proposal represents a compelling offer for all Webjet's shareholders, with the opportunity to realise a premium valuation and 100% cash consideration. Further, Helloworld and Webjet are seen as logical partners, and a combination is believed to provide a strong platform for both companies to achieve their long-term strategic objectives.