Fastjet PLC Exercise of warrants (9026C)
April 21 2017 - 2:00AM
UK Regulatory
TIDMFJET
RNS Number : 9026C
Fastjet PLC
21 April 2017
fastjet Plc
("fastjet", the "Company" or the "Group")
21 April 2017
Exercise of Warrants
fastjet (AIM:FJET), Africa's low-cost airline, announces that
application has been made for the admission to trading on AIM
("Admission") for 22 new ordinary shares of 1p each in the Company
("Ordinary Shares") pursuant to the exercise of shareholder
warrants. All the warrants exercised had an exercise price of 31.5
pence per warrant. The new Ordinary Shares will rank pari passu in
all respects with the existing Ordinary Shares of the Company.
Admission of the new Ordinary Shares is expected on 26 April
2017.
Following Admission, the Company's issued share capital will
comprise 335,839,559 Ordinary Shares and may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules. The
Company does not hold any shares in treasury.
For more information, contact:
fastjet Plc Tel: +44 (0) 20
Nico Bezuidenhout, Chief Executive 3651 6307
Officer
Lisa Mitchell, Chief Financial
Officer
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20
Toby Moore 7638 9571
Eleni Menikou
Nick Hayns
For investor enquiries please
contact:
Liberum Capital Limited - Nominated Tel: +44 (0) 20
Adviser and Broker 3100 2222
Clayton Bush
Jill Li
NOTES TO EDITORS
About Fastjet Plc
fastjet Plc is the holding company of the low cost airline
fastjet which commenced flights under the fastjet brand in Tanzania
in November 2012. By adhering to international standards of safety,
quality, security and reliability; fastjet has brought a new flying
experience to the African market at unprecedented low prices.
Utilising a fleet of modern jet aircraft, fastjet has a long term
strategy to implement the low-cost carrier model across Africa to
become the continent's first low-cost, pan-Africa airline.
The results of the second quarter 2016 customer satisfaction
surveys showed that an average of 73% of customers were likely to
recommend fastjet to a friend. In developing its strong brand and
identity, fastjet has won and been nominated for a number of
awards, including Africa's Leading Low-Cost Airline 2016 at the
23rd World Travel Awards, winning three Transform awards for the
rebrand and launch of fastjet, the award for "Brand Strategy of the
Year" at 2014's Drum Marketing Awards in London, and the Transport
Innovator Award at the 8th Transport Africa Awards 2015 in
Johannesburg.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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