Directorate Change

RNS Number : 1586B

Fastjet PLC

05 October 2015

 

fastjet Plc

("fastjet" or the "Company")

5 October 2015

Change of Directorate

The Board of fastjet today announces that Nick Caine, Chief Financial Officer, will be leaving the Company. The search for a successor is currently underway and a further announcement will be made in due course.

Nick has notified the Company of his intention to return to Australia in 2016 in order to continue his career nearer to his family and his home.  Nick will continue with fastjet until mid 2016 to allow time for suitable candidate to be found and support an orderly transition.

Ed Winter, fastjet CEO, commented: "Nick has made an invaluable contribution to the development of fastjet, in particular in restructuring the finance function and in developing our aircraft acquisition structure.  We will all be sad to see Nick go but fully understand his desire to work closer to his family."

For more information, contact:

UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel:  [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:
Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel:  [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
James Joyce
Mark Leonard
Sanlam Securities UK Limited - Joint Broker	Tel:  [phone]
Simon Clements/Ken Williams

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 its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.

The results of a customer satisfaction survey showed that 100% 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 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.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com

 

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