Webjet boss banks $21.2m after offloading more than half his stake in the company

Webjet boss banks $21.2m after offloading more than half his stake in the company

An announcement on the Australian Securities Exchange on Monday revealed that Guscic has sold 5,521,468 shares in Webjet for a cool $21.2 million. Guscic will use the proceeds from the sale of shares to partially settle previously disclosed funding arrangements with investment bank UBS that were “historically entered into for the purpose of acquiring Webjet shares when they were trading at a significant premium to the current share price”.

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