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HELLOWORLD TRAVEL LIMITED Capital/Financing Update 2016

Oct 23, 2016

65057_rns_2016-10-23_6c2e2137-2d7c-4647-8379-6bd73a86605f.pdf

Capital/Financing Update

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Successful Completion of Placement

24 October 2016

Helloworld Limited (ASX: HLO; Helloworld) is pleased to announce it has successfully completed an institutional placement to raise $29.75 million through the issue of 7.0 million new shares, as announced on Friday, 21 October 2016. The placement price of $4.25 per new share, represents a 7.4% discount to the 30-day VWAP of $4.59 as at Thursday, 20 October 2016.

Proceeds from the placement will be used to fund the acquisition of 50% Mobile Travel Holdings Pty Ltd and its subsidiaries (MTA), as announced to the market on Friday, 21 October 2016. The acquisition of MTA gives Helloworld a significant footprint into a sector that Helloworld expects to see high growth in the short-medium term.

The placement attracted significant demand from both new and existing domestic and international investors, resulting in the offer being substantially oversubscribed at the offer price.

Helloworld’s CEO, Mr Andrew Burnes said “We are very pleased with the strong level and quality of demand for the placement. This demonstrates support for the acquisition of MTA and the underlying fundamental business.”

Further details of the acquisition and rationale can be found in the investor presentation lodged with the ASX on Friday, 21 October 2016.

The trading halt is expected to be lifted prior to market open today.

Settlement of the placement is expected on Wednesday, 26 October 2016, with allotment and commencement of trading of new shares expected on 27 October 2016.

-ENDS-

About Helloworld Limited

  • Helloworld Limited (ASX: HLO) is a leading Australian based travel distribution company, comprising retail travel businesses, destination management services (inbound) air ticket consolidation, wholesale, corporate and online operations. This includes “ helloworld”, Australia’s largest network of franchised travel agencies together with our Corporate, Associate and Affiliate networks, our wholesale & DMC businesses including Qantas Holidays, Go Holidays in New Zealand, AOT Inbound, ATS Pacific, QBT, Sunlover Holidays and Insider Journeys and out corporate businesses QBT and APX.

  • “helloworld” is a nationwide network of independently owned and operated retail travel agencies offering Australian and New Zealand travellers outstanding service, and the best value, tailor-made leisure and corporate travel experiences

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  • HLO has over 1900 staff located in Australia, New Zealand, Fiji, the USA, South East Asia, India and UK/Europe

  • Helloworld is the proud major sponsor of Volleyball Australia and the helloworld Volleyroos men’s and women’s national teams

  • Helloworld is proud to be the major sponsor of Basketball Australia and the helloworld Boomers

  • Helloworld is the Official Travel Partner and a Gold Sponsor of Carlton Football Club

  • Helloworld is a major sponsor of the National Basketball League (NBL)

MEDIA CONTACT:

Trudi Sheppard Director of Communications Helloworld Limited [email protected] 03 9867 9600

INVESTOR CONTACT:

Michael Burnett Chief Financial Officer Helloworld Limited 03 9867 9600

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