AOT Group now holds 10.2% of Helloworld LimitedHelloworld has just confirmed an "off-market transaction" earlier today which has seen two of its major shareholders reduce their stakes in the company, while AOT founder Andrew Burnes has lifted his holding.UBS Australia Holdings Limited and Europe Voyager NV each sold 15.5 million HLO shares to The Burnes Group Pty Ltd as trustee for the Burnes Group Service Trust - an entity associated with AOT Group which already held 3.2% of the company.The shares were priced at 36c each, an 8.9% premium to the volume weighted average price for the five days on which the company's shares traded prior to today.The partial sell-down reduces the UBS shareholding in Helloworld from 10.9% to 7.4%, while Europe Voyager now holds 23.3% of the company, down from the previous 26.8%.AOT and its associated companies now hold 10.2% of Helloworld Limited.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 14 Apr 15
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