s8 visionary or stuck in the past, page-7

This extract below from the Webjet announcement suggests SEL have disposed of their holding in WEB. I share the surprise that SEL did not want to integrate an online business into their strategy. I recently sold out of SEL while the ship seems a bit unsteady.

"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."