• Revised non-binding indicative offer from BGH Capital to acquire Webjet at A$0.91 per share
• Offer subject to 75% minimum acceptance condition and other conditions
• Webjet Board agrees to provide BGH with due diligence access

Webjet Group Limited (ASX: WJL) has announced that it has received a revised non-binding and indicative offer from BGH Capital Pty Ltd (BGH) to acquire all the shares in Webjet not already owned by BGH and its associates via an off-market takeover at an all-cash price of A$0.91 per share. This revised offer follows a previous non-binding indication of interest from BGH to acquire a controlling interest in Webjet for A$0.80 cash per share, which was rejected by the Webjet Board. The revised offer from BGH is subject to a number of key conditions, including a minimum acceptance condition that BGH and its associates hold a relevant interest in at least 75% of the ordinary shares in Webjet, required regulatory approvals, no 'prescribed occurrences', and the unanimous recommendation of the Webjet Board. After carefully considering the revised offer, the Webjet Board has agreed with BGH's request to provide BGH with an opportunity to conduct due diligence, subject to the parties agreeing to a mutually acceptable non-disclosure agreement. Webjet shareholders should note that the revised offer is non-binding and there is no assurance that it will proceed in accordance with its terms or at all.