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Smooth Landings: Webjet Group’s Demerger Success

CLIENT SUCCESS STORIES
by Gearoid Neff – Manager, Capital Markets
Dec 4, 2024 9:39:12 AM
Listen to this Blog: Smooth Landings Webjet Group’s Demerger Success
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When Webjet Group Limited set out to demerge from Webjet Limited, they faced a complex challenge: delivering a successful transaction for approximately 42,000 shareholders while meeting a tight ASX listing deadline. The outcome was a resounding success, creating two independent entities—Webjet Group Limited and Web Travel Group Limited—each offering unique growth opportunities for shareholders.
 

But this success didn’t come without its hurdles. The process involved demerging the Webjet Group Limited register, managing intricate shareholder communications, and ensuring a seamless transaction under a tight timeline. Webjet needed a trusted partner to navigate these challenges. 

Partnering with Automic 

Webjet turned to Automic for their expertise in project management, registry services, and investor engagement. By utilising its cutting-edge technology platform, Automic delivered timely and effective solutions, handling shareholder communications with precision and ensuring accurate data management throughout the demerger process. 

Results That Speak for Themselves 

Thanks to Automic’s support, Webjet Group achieved: 

  • Timely and accurate communications to shareholders
  • A successful ASX listing delivered on schedule. 
  • Implementation of a robust Employee Share Plan to support future growth. 

Webjet’s General Counsel, Meaghan Simpson, praised Automic for their “quick responses and effective solutions,” highlighting how their support allowed Webjet to focus on their strategic priorities and long-term growth. 

Learn more about how Automic helped Webjet succeed by downloading the full case study below.

webjet-case-study-testimonial