Details of Webjet Limited demerger and index changes

Webjet Limited (ASX:WEB) will undergo a demerger, resulting in the spin-off of Webjet Group Limited (ASX:WJL). For every one share of Webjet Limited held, shareholders will receive one share of Webjet Group Limited. Webjet Group Limited will be added to the S&P/ASX 200 Index on September 23, 2024, while Webjet Limited will be renamed WEB Travel Group post-demerger.

Executive commentary on the demerger and index changes

The demerger of Webjet Group Limited marks an important strategic move for the company, allowing it to focus on its core business while providing shareholders with ownership in both entities. We believe this action will unlock significant value for our shareholders and enable each business to pursue its distinct strategic priorities and growth opportunities.

Summary of Webjet Limited demerger and outlook

Webjet Limited's demerger and the addition of Webjet Group Limited to the S&P/ASX 200 Index reflect the company's commitment to enhancing shareholder value and optimizing its corporate structure. The demerger is expected to streamline operations and provide investors with the opportunity to participate in the future prospects of both WEB Travel Group and Webjet Group Limited. This strategic move aligns with Webjet's long-term vision and underscores its dedication to delivering sustainable growth and value creation for its stakeholders.