HLO issues 2.5 million shares to franchisee members

Helloworld Travel Limited (ASX:HLO) has announced the issuance of 2.5 million shares to its agents under its latest franchisee share loyalty program. The shares, valued at over $4.5 million, will be allocated to members of the Branded and Associate networks in Australia and New Zealand, along with members of the Alatus network in Australia. The issuance is in recognition of the members' continued commitment to the brands.

Executive commentary on franchisee share loyalty program

HLO Chief Executive Officer and Managing Director, Andrew Burnes, AO, expressed his delight with the recent re-sign process, where over 320 agents re-signed for terms between 3 and 5 years with the business. He thanked the members for their continued commitment, reaffirming Helloworld's position as the leading franchise network in Australia and New Zealand. Mr. Burnes also highlighted the positive industry outcome resulting from the increased demand in airfares, leading to higher ticket volumes and sales of non-air products.

Summary of franchisee share loyalty program

Helloworld Travel Limited has issued 2.5 million shares valued at over $4.5 million to its franchisee members in Australia and New Zealand as part of its loyalty program. The company's Chief Executive Officer and Managing Director, Andrew Burnes, AO, expressed satisfaction with the re-sign process, emphasizing the members' continued commitment. The increased demand in airfares has led to higher ticket volumes and sales of non-air products, reflecting positively on the industry. The issuance of shares underscores Helloworld's strategy to reward loyalty and strengthen its member network.