Frequently asked questions for investors.

Eligible Shareholders will receive one Webjet Group Limited (WJL) share for each Webjet Limited (now called WEB Travel Group Limited) share held on the Demerger Record Date (24 September 2024). The issue date for new WJL shares is currently set to be 30 September 2024 with new holding statements to be sent to shareholders on 2 October via either email access link or post depending on your communication preference.

An overview of the tax outcomes for shareholders as a result of the Demerger is set out in Section 5 of the Demerger Booklet. Broadly, shareholders must apportion the tax cost base of their WEB Travel shares just before the Demerger between their WEB Travel shares and Webjet Group shares held just after the Demerger. On 30 October 2024, the Australian Taxation Office (ATO) published the final class ruling setting out the tax consequences for shareholders of the demerger. A copy of the class ruling can be found here https://www.ato.gov.au/law/view/document?docid=CLR/CR202469/NAT/ATO/00001

Visit our Company Reporting page to view and download current and historic annual reports, along with other financial reports. 

Please note, our first reporting period post-Demerger will by FY25, financial year end 31 March 2025. For historical reporting, please visit the Web Travel Group Investor Centre.

If you are a shareholder and would like to elect to receive a printed copy of the annual report, please contact Automic at Automic Registries Investor Portal or by phone on 1300 288 664 (within Australia) or +61 2 8072 1400 (outside Australia).

You can register and log on to the Automic Investor Portal, where you will be able to check your details, including your shareholding, dividend payments and various transactions. An account can be created via the following link investor.automic.com.au and then clicking on "Register" and following the prompts. To register, shareholders will require their holder number (Securityholder Reference Number (SRN) or Holder Identification Number (HIN)), which can be found on the Holding Statement.

For all registry related queries, please email our share registry, Automic Group on hello@automicgroup.com.au
Or call 1300 288 664 (within Australia) or +61 2 8072 1400 (outside Australia).

Shareholders are entitled to receive communications and documents relating to meetings, voting and company reporting; together with any other documents prescribed by relevant regulations. And can elect to be sent, or not sent, documents in either physical form or electronic form. Information on how you can make your election and/or request can be found on our Rights to Receive Documents page.

Additionally, you will always be able to access and read all shareholder documents and communications once they are published in this section of our website and the ASX platform.

Webjet Group Limited is listed on the Australian Stock Exchange (ASX:WJL). You can view our share price on this website, or on the ASX platform.

Webjet Group Limited has a 31 March Financial Year End, with half year results announced in November and full year results announced in May. Key dates for results announcements, AGMs and other key events can be found on the Investor Calendar page as they are announced. 

Automic is Webjet Group Limited’s share registry and can be reached at the details below.

For all registry related queries, please email hello@automicgroup.com.au or call 1300 288 664 (within Australia) or +61 2 8072 1400 (outside Australia.

Melbourne
Level 12, 530 Collins Street
Melbourne, VIC, Australia 3000

Sydney
Level 5, 126 Phillip Street
Sydney, NSW, Australia, 2000

www.automicgroup.com.au

Please contact Automic if you have changed any of your holding details.

Deloitte is the Independent Auditor of Webjet Group Limited and can be reached at the details below.

Deloitte Touche Tohmatsu
ABN 74 490 121 060
477 Collins Street
Melbourne VIC 3000, Australia

Phone: +61 3 9671 7000

www.deloitte.com.au

On 22 September 2025, Webjet Group Limited (Webjet or the Company) received a notice from Portfolio Services Pty Ltd as bare trustee for Teldar Associates Pty Ltd as trustee for Portfolio Service Unit Trust (Portfolio Services) under section 249D of the Corporations Act 2001 (Cth) (Corporations Act) requesting that Webjet Group Limited call and arrange to hold a general meeting of its members (General Meeting) to consider resolutions to appoint two new directors and to remove any directors appointed after 22 September 2025 and prior to the commencement of the General Meeting.   

Section 249D of the Corporations Act provides that the directors of a company must call and arrange to hold a general meeting of its members (shareholders) on the request of members with at least 5% of the votes that may be cast at the general meeting.  

At the date the section 249D notice was received, Portfolio Services held 19,628,311 Shares representing voting power in the Company of approximately 5%.  

As such, Webjet is required to call and arrange to hold a general meeting of Shareholders to consider the resolutions put forward by Portfolio Services, which are, respectively, for the appointment of Mr Daniel Asher Weiss and Mr Andrew Taylor as directors and for the removal of all directors appointed after 22 September 2025 and prior to the commencement of the General Meeting (other than Messrs Weiss and Taylor).  

Portfolio Services is a substantial shareholder of the Company and holds approximately 5% of the voting shares in the Company.  

Portfolio Services is associated with Ariadne Australia Limited, an investment company listed on the Australian Securities Exchange (ASX: ARA) of which Dr Gary Weiss is the Executive Director and a major shareholder. 

Mr Daniel Weiss, one of the proposed nominees for the Board, is a son of Dr Gary Weiss. 

There are three ways Shareholders can vote at the General Meeting: 

• Voting in person (or via a duly appointed corporate representative, attorney or proxy) at the General Meeting; 

• Voting through the Automic Investor Portal at investor.automic.com.au; or 

• Voting prior to the commencement of the General Meeting by lodging a proxy form. 

Full details of each method of voting, as well as proxy forms, are provided in the Notice of Meeting dated 13 October 2025 sent to shareholders and released to ASX. 

Yes.  As we would with any shareholder, we have engaged and will continue to engage with Portfolio Services regarding their views concerning the Webjet strategy and the composition of the Board.  

The Board has an existing and documented process to consider whether new directors would enhance the collective skillset and experience of the Board.  This involves the use of an executive search firm engaged by the Company to identify, interview and assess all candidates for election to the Board to better understand each of the nominees' qualifications, experience and credentials and the contributions each nominee may be able to make to the Board.  

We have explained the Board appointment process to Portfolio Services and have invited each of Messrs Weiss and Taylor to meet with our executive search firm to better understand each of the nominees' qualifications, experience and credentials and the contributions each nominee may be able to make to the Board.  However, both Messrs Weiss and Taylor have expressly refused the Board's invitation to engage in the Board's standardised director recruitment process. 

The Board does not accept that it is currently in ‘caretaker’ mode. This proposition is both wrong in principle and inconsistent with settled commentary and caselaw, as well as decisions of the Takeovers Panel.  

We disagree with any notion that the Board should halt value-creating actions simply because of receipt of Portfolio Services Meeting request and we consider it quite misleading for Portfolio Services to have suggested that we are subject to that obligation. We have legal and moral obligations to continue running the Company in the best interests of shareholders as a whole, every day. Being responsive to shareholder concerns does not mean we abdicate our responsibility to make timely decisions.  

In any event, the Resolutions put forward by Portfolio Services do not propose the removal of any of the existing Directors. That means that even if the Resolutions are passed, the existing Directors will outnumber the proposed new Directors and form a quorum without them. 

Accordingly, the Board may continue to make strategic decisions in the best interests of the Company in accordance with the directors' legal and fiduciary duties.    

We welcome engagement with all shareholders. Any feedback we receive is carefully considered, assessed and weighed against the strategic priorities of the Company. 

The Locomote acquisition is central to our strategy and is a strategic investment that squarely aligns with our growth plan and was executed with careful due diligence and a disciplined approach to valuation. We are confident it will enhance, not hinder, shareholder value over the medium and long term.  

Locomote aligns with a core pillar of the FY30 plan: a tailored business travel offering. This market is under-serviced, particularly for small to mid-sized corporate clients. Locomote directly advances this priority without diverting focus from our core activities. 

Locomote’s fully developed platform allows entry to the business travel sector approximately three years ahead of an in-house build, reducing risk and cost and at a reduced risk and overall cost. There is also the added benefit of the capital earmarked for organic development being available to be redeployed more efficiently through this acquisition  

TTV has been selected to reflect Webjet’s key strategic priorities, with a stated goal to double TTV to $3.2 billion by FY30.  

Your Board is however mindful of incentivising sustainable growth and does not reward revenue at any cost. Profitability remains a key consideration in incentive outcomes, and the Board retains the discretion to adjust vesting outcomes where appropriate, particularly if it is perceived that results do not appropriately reflect Company performance over the relevant period.   

Subject to the need to take appropriate account of the Company's circumstances – which includes maintaining sufficient cash resources to guard against any repeat of the COVID scenario and maintaining appropriate balance sheet flexibility to invest in future growth initiatives – the Board is committed to a prudent return of surplus cash. 

Ahead of the $25 million share buy-back announced in August, the Board actively considered a range of capital management initiatives and the likely timelines for execution of those initiatives.  

The two key factors in the Board's decisions were the Company’s issued capital balance of $26.9 million and the desire to maximise the benefit to shareholders of any return by fully utilising the distribution of franking credits as they become available to the Company. 

The announced share buy-back program of up to $25 million was sized with reference to the fact that any buy-back or capital return in excess of the Company’s issued capital balance would incur a company-level franking debit and could, subject to the size and timing of the buy-back program, result in a potential franking deficit tax liability. Hence the Board determined any share buy-back program sized above $26.9 million would likely be an inefficient way of returning capital to shareholders.

The share buy-back program was also preferred to other mechanisms because it obviates the need for a tax ruling and the time involved in obtaining such ruling. 

The Board has signalled that any surplus capital beyond our business investment needs will be returned to shareholders. As announced at the same time as the buy-back, we are prepared to pay special dividends on top of our normal payout ratio when feasible. 

On 13 May 2025, the Company announced that it had received an unsolicited, non-binding indication of interest from BGH Capital Pty Ltd (BGH) to acquire a controlling interest in Webjet (BGH Proposal).  

As announced on 16 May 2025, after obtaining advice from its financial and legal advisers and consulting with and obtaining feedback from a number of shareholders, the Board rejected the BGH Proposal on the basis that it was not in the best interests of Webjet shareholders, including because it materially undervalued Webjet and due to uncertainty in relation to the structure and conditionality of the proposal.  

The Company has not received any further proposal from BGH.   

We currently intend holding the General Meeting in Melbourne on Friday, 21 November 2025 at 2.30 pm (Melbourne time).   

Shareholders will be able to attend the General Meeting in person at Webjet’s corporate office situated at Level 2, 509 St Kilda Road, Melbourne, Victoria, 3004 or virtually via Automic Investor Portal at investor.automic.com.au. 

Full details, including how to attend and vote at the General Meeting, are provided in the Notice of Meeting dated 13 October 2025 sent to shareholders and released to ASX. 

Resolution 1: Election of Director – Daniel Asher Weiss  

To consider and, if thought fit, pass the following resolution:  

That, pursuant to clause 10.10(c) of the Constitution of Webjet Group Limited, and for all other purposes, Daniel Asher Weiss, having consented to act, be appointed as a director of Webjet Group Limited with effect on and from the end of the general meeting of Webjet Group Limited at which this resolution is passed.  

Resolution 2: Election of Director – Andrew Taylor  

To consider and, if thought fit, pass the following resolution:  

That, pursuant to clause 10.10(c) of the Constitution of Webjet Group Limited, and for all other purposes, Andrew Taylor, having consented to act, be appointed as a director of Webjet Group Limited with effect on and from the end of the general meeting of Webjet Group Limited at which this resolution is passed.   

Resolution 3: Removal of Directors Appointed After Section 249D Notice  

To consider and, if thought fit, pass the following resolution:  

That, pursuant to section 203D of the Corporations Act 2001 (Cth), the Constitution of Webjet Group Limited and for all other purposes, each person appointed as a director of Webjet Group Limited on or after 22 September 2025 and prior to the commencement of the Meeting (excluding Mr Daniel Asher Weiss and Andrew Taylor) be and is hereby removed as a director of the Company with effect on and from the end of the general meeting of Webjet Group Limited at which this resolution is passed.  

The Directors have unanimously recommended that all shareholders vote against the resolutions proposed.  The Chair intends to vote all available and undirected proxies against the resolutions.  Reasons for the Directors' unanimous recommendation are set out in the Notice of Meeting. 

Since the AGM, the Board has continued to undertake a process with the assistance of an executive search firm to identify a further new director that could supplement and enhance the existing skills, knowledge and experience of the Board to assist the Company to meet its objectives. However, this process had to be put on hold pending the outcome of the General Meeting.  

The Board may recommence this process depending on the outcome of the General Meeting.  

The Notice of Meeting sent to shareholders on 13 October 2025 contains further information in relation to the General Meeting.  The Notice is also available via the ASX. 

The Webjet Investor Centre will be kept up to date and is accessible here: https://www.webjetgroup.com/ 

Recommendation 2.1 of the ASX Corporate Governance Council’s Principles and Recommendations calls for a board to have an “appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively”.  

The Board is confident that its current composition meets this standard, with deep experience and capabilities across multiple sectors relevant to Webjet’s success, including travel, hospitality, financial services, e-commerce, technology and law.  

In July, the Board was further strengthened with the appointment of John Boris, who has a proven track record of building highly profitable consumer and business enterprise businesses and creating category-leading brands.  

We have put further appointments on hold pending the outcome of the General Meeting. 

There is no widespread concern with Webjet’s remuneration practices.  

All of the proxy advisors that covered the AGM unanimously recommended that shareholders vote in favour of our remuneration report. 

The AGM vote on the remuneration report was largely caused by votes cast activist investors comprising a small minority of shareholders.  The vast majority of institutional and retail investors voted in favour of the remuneration report. 

The Board regularly reviews capital management options to ensure we are acting in the best interests of shareholders and believes in balanced capital allocation: investing for growth while returning surplus capital to shareholders. 

We have been very clear about our FY30 strategic growth targets and are commencing the responsible deployment of capital necessary to achieve these targets, such as the acquisition of Locomote, a standalone, end-to-end, digital business travel offering. 

We have an active capital management program. Subject to the need to take appropriate account of the Company's circumstances – which includes maintaining sufficient cash resources to guard against any repeat of the COVID scenario and maintaining appropriate balance sheet flexibility to invest in future growth initiatives – the Board is committed to a prudent return of surplus cash. 

Webjet Group’s intention to undertake an on-market share buy-back program of up to $25 million was announced on 22 August 2025. 

The 14-day notice period required by ASIC brought the Company near to the close of its books for its half-year reporting period and the Company decided not to commence the purchase of any shares under the buy-back immediately prior to 30 September 2025. 

The Company will not commence the buy-back until after the release of its 1H 2026 results on 19 November 2025.  

After that time, the exact amount and timing of the buy-back will be dependent on market conditions, volumes and other relevant factors. The Company reserves the right to suspend without notice or terminate the buy-back program at any time.