volume, page-4

Ricca05, the only thinkg correct about your post is the transaction is options related (lol)

Press release of 8 June:

Webjet Limited (Webjet) [ASX Code: WEB] advises that is has today received a Notice of Exercise from
Harvey World Travel Group Limited (HWT) of the 56,000,000 Growth Options held by it in Webjet.
Each option entitled HWT, as the holder, to subscribe for one fully paid ordinary share in Webjet.
The Options were exercised by HWT at an exercise price of $0.272188. The exercise price represents a
discount of 15% to the volume weighted average sale price of Webjet shares traded on ASX in the 10
trading days prior to exercise of the Options. The exercise price was determined in accordance with the
terms of issue of the Options approved by the Webjet shareholders on 12 July 2004.
The total amount paid to Webjet on exercise of the Options is $15,242,529.
The 56,000,000 shares issued on exercise of the Options represent approximately 17% of the expanded
issued capital of Webjet. In conjunction with Ord Minnett Financial Planning Pty Ltd, and with the
approval of Webjet, these shares have subsequently been acquired from HWT by institutional investors
and professional investors. The sale of these shares by HWT is consistent with the previous
announcements to the market by its parent, S8 Limited, that the maintenance of a substantial shareholding
in Webjet is not core to its future business or strategy.
Webjet welcomes the exercise by HWT of the Options. Webjet is also delighted by the support given to it
and confidence demonstrated in its business model by the many new institutional and private investors
who participated in the sell down of the shares.
With the exercise of the Options, Webjet now has cash reserves of in excess of $20 million which will
provide Webjet with a strong financial base from which to build further value for all shareholders.