Mystery investor looks to acquire 5% of Webjet shares
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The news: An undisclosed investor is seeking to acquire up to 5% of shares in Webjet Group, the company revealed after its share price rocketed over 16% on Thursday.
The numbers: Webjet said the investor looked to buy 19.6 million shares at a fixed cash price of 80 cents, with the ability to increase the offer size at their discretion.
Webjet shares last closed at 80 cents.
The online travel company said the undisclosed buyer had an “undisclosed interest below 5%”.
The context: Webjet disclosed the figures after receiving a query notice from the ASX on its share price as it had not announced any news.
The source: ASX
