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TD breaking news – Burnes boosts stake in Helloworld

AOT Group now holds 10.2% of Helloworld Limited

Helloworld has just confirmed an “off-market transaction” earlier today which has seen two of its major shareholders reduce their stakes in the company, while AOT founder Andrew Burnes has lifted his holding.

UBS Australia Holdings Limited and Europe Voyager NV each sold 15.5 million HLO shares to The Burnes Group Pty Ltd as trustee for the Burnes Group Service Trust – an entity associated with AOT Group which already held 3.2% of the company.

The shares were priced at 36c each, an 8.9% premium to the volume weighted average price for the five days on which the company’s shares traded prior to today.

The partial sell-down reduces the UBS shareholding in Helloworld from 10.9% to 7.4%, while Europe Voyager now holds 23.3% of the company, down from the previous 26.8%.

AOT and its associated companies now hold 10.2% of Helloworld Limited. Today’s sale follows the recent acquisition of 7% of Helloworld by Sintack Pty Ltd, a company associated with Consolidated Travel owner Spiros Alysandratos, which boosted his stake in Helloworld to just under 20%.

More information in tomorrow’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 14 Apr 15

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