Webjet Group Limited has listed on the Australian Securities Exchange (ASX) after shareholders of its parent company, WEB Travel Group Limited, voted overwhelmingly in favour of demerging Webjet Group Limited last week.
Webjet Group Limited (Webjet Group) comprises Webjet OTA – #1 online travel agency (OTA) in Australia and New Zealand; GoSee – a leading global motorhome and car rental ecommerce site; and Trip Ninja – a technology company providing solutions for complex travel itineraries.
Webjet Group commenced trading today on a conditional and deferred settlement basis, after a bell ringing ceremony at the Exchange Centre. Trading on a normal settlement basis is expected to start from 1 October, after shares are transferred to eligible shareholders. Webjet Group is trading under the ticket code WGL.
Speaking ahead of the listing, Webjet Group CEO Katrina Barry, said: “This is a very exciting and significant day for Webjet Group’s entire team, our customers and our shareholders”
“With the demerger, we now have a dedicated board, leadership team and balance sheet, creating a unique opportunity to advance our strategic growth agenda. Our team who have worked incredibly hard to provide our customers with the greatest convenience, choice and customer service over a significant period, are focused and ready.”
“I’m excited to build on this strong foundation as we continue driving positive outcomes across the company. Each of our three business units—Webjet OTA, GoSee, and Trip Ninja—has a clear, distinct growth strategy that we are eager to pursue.”
Webjet Group Chair Don Clarke said: “Listing on the ASX as an independent company signifies a new chapter for Webjet Group. On behalf of the entire Board, we are proud to be part of this important milestone and warmly welcome our new shareholders as they join us on this journey.”
Katrina Barry was appointed CEO of Webjet Group on 24 June 2024. Prior to that, she served as Global CEO of the hospitality tech company me&u and spent nearly a decade at the Travel Corporation, where she led renowned brands such as Contiki Holidays and Trafalgar Tours.
In addition to her extensive executive experience, Katrina Barry has a deep understanding of Webjet Group, having served as a Non-Executive Director of Webjet Limited since 2022 – a position she stepped down from when appointed CEO.
