Franchisees currently under the Helloworld Limited umbrella may receive a purchase offer from the company as the group looks to further invest in its network.
In an ASX update, the group unveiled a strategy to co-invest in its franchise network around Australia and New Zealand.
This means that if a franchisee business qualifies for purchase, the company will offer to buy 20 to 25 percent of the business.
Offers will be over a two-year period starting from January next year.
In an online statement, the company said each investment will be considered “on a case by case basis” and consideration for any investment made to be payable by way of fully paid ordinary shares in Helloworld Limited.
Chief Executive and Managing Director, Andrew Burnes, said the intention of co-investment is to “invest in quality retail agency businesses” while leaving management and operational control in the hands of “dedicated and successful franchises”.
“This is an important step in the ongoing evolution of Helloworld and is part of Helloworld’s strategy to align the interests of Helloworld Limited and our retail agency network.”
Helloworld