Fastjet PLC Result of Open Offer (9379V)
July 27 2018 - 1:00AM
UK Regulatory
TIDMFJET
RNS Number : 9379V
Fastjet PLC
27 July 2018
fastjet Plc
("fastjet", the "Company" or the "Group")
27 July 2018
Result of Open Offer
fastjet, the low-cost African airline, announces the results of
the recent Open Offer undertaken at a price of 8 pence per share,
on the basis of one Open Offer Share for every 26 Existing Ordinary
Shares.
The Open Offer closed for acceptances at 11:00 a.m. on 26 July
2018 and the Company announces that valid applications have been
received from qualifying shareholders in respect of 2,824,504 new
ordinary shares. fastjet has therefore raised GBP225,960.32
pursuant to the Open Offer. Qualifying Shareholders who have
validly applied for Open Offer Shares will receive their full Open
Offer application.
Application has been made for the 2,824,504 Open Offer Shares to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will occur at 8.00am on 30 July 2018.
Following the issue of the Open Offer Shares, the Company will
have 620,652,894 ordinary shares of 1p each in issue and this
figure 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.
Capitalised terms used in this announcement shall have the
meaning ascribed to them in the circular that was sent to
shareholders on 4 July 2018 unless the context otherwise
requires.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation (EU) No.
596/2014.
ENDS
For more information, contact:
fastjet Plc Tel: +27 (0) 10 070 5151
Nico Bezuidenhout, Chief Executive
Officer
Michael Muller, Chief Financial
Officer
Tel: +44 (0) 20 7638 9571
UK media - Citigate Dewe Rogerson
Angharad Couch
Eleni Menikou
Toby Moore
Nick Hayns
South African media - Hein Kaiser Tel: +27 (0) 82 520 0555
For investor enquiries please contact:
Liberum Capital Limited - Nominated Tel: +44 (0) 20 3100 2222
Adviser and Broker
Clayton Bush
Jill Li
Neil Elliot
Trystan Cullen
NOTES TO EDITORS
About Fastjet Plc
fastjet is a multi-award winning low-cost African airline for
everyone. It began flight operations in Tanzania in November 2012,
flying passengers from Dar es Salaam to just two domestic
destinations - Kilimanjaro and Mwanza. Today, fastjet's route
network includes Tanzanian domestic routes from its Dar es Salaam
base to Kilimanjaro, Mbeya, and Mwanza, and international routes
from Tanzania to Lusaka in Zambia and Harare in Zimbabwe. fastjet
also began flight operations from its Zimbabwe base in October
2015, and now flies domestically from Harare to Victoria Falls,
Harare to Dar es Salaam and internationally from both Harare and
Victoria Falls to Johannesburg in South Africa. fastjet launched
flights in Mozambique in November 2017 through a brand license
agreement with Solenta Aviation Mozambique and offers a 4-city
network of services within the country. The airline has flown over
2.5 million passengers with an impressive aggregate 94% on-time
performance, establishing itself as a punctual, reliable, and
affordable low-cost carrier.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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contact rns@lseg.com or visit www.rns.com.
END
IOEUNONRWVABUAR
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