Partial sell-down of helloworld shares

Partial sell-down of helloworld shares

Helloworld Limited has been advised that UBS Australia Holdings has sold a number of Helloworld shares via an off-market transaction.

The transaction, which took place yesterday, February 18 2015, represented 7% of the Helloworld shares on issue, with UBS selling 30,864,026 shares.

The partial sell-down saw the shares sold to existing shareholder Sintack Pty Ltd for $0.39 per share, or around $12 million.

The sale represents a 41% premium to the volume weighted average price for the five days on which Helloworld shares traded prior to February 18.

The partial sell-down will reduce the UBS shareholding in Helloworld from 17.9% to 10.9%, and bump Sintack’s shareholding up to 19.3% from 12.3%.

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