Directorate Change

RNS Number : 8958Y

Fastjet PLC

14 September 2015

 

fastjet plc

("fastjet" or the "Company")

14 September 2015

Directorate Change

fastjet is pleased to announce the appointment of Colin Child as Non-Executive Chairman of the Company with effect from 1 October 2015.

Colin, a Chartered Accountant, has extensive knowledge of international growth businesses and more than 20 years' experience as a director of listed companies including, most recently, as Group Finance Director of De La Rue Plc from 2010 to July 2015. Colin was also a Non-Executive Director at Rank Group Plc from 2011 to March 2014 where he was Chairman of the Audit Committee and Nominations Committee as well as the Senior Independent Director. Colin's previous roles include Group Finance Director of DTZ Holdings plc, Stanley Leisure plc and Fitness First Plc.

Clive Carver, who has acted as Interim Non-Executive Chairman since 1 April 2015, will resume his role as Non-Executive Director on the same date.

Ed Winter, Chief Executive Officer, said: "Colin brings with him valuable and highly relevant experience to fastjet which will enable him to make a significant contribution to the Board and the strategic direction of the business. On behalf of the entire Board, I would like to thank Clive Carver for providing invaluable guidance and support to the Company while acting as Interim Chairman."

Colin Child said: "I am delighted to be joining the fastjet Board. With a growing fleet and developing route network, this is an exciting time in the Company's development and I look forward to working with Ed and the rest of the Board as the Company expands across Africa and pursues its strategic goals."

The names of all companies and partnerships of which Colin Charles Child, aged 57, has been a director or partner at any time in the previous five years are set out below:

Company	Status
Bradbury Wilkinson and Company Limited*	Previous
Bradbury Wilkinson Holdings Limited*	Previous
Currency Consulting International Limited*	Previous
Currency Systems International UK Holding* Company Limited	Previous
Currency Systems United Kingdom Limited*	Previous
Debden Security Printing Limited*	Previous
De La Rue Consulting Services Limited	Previous
De La Rue Finance Limited	Previous
De La Rue Holdings Limited	Previous
De La Rue International Limited	Previous
De La Rue InterClear Limited*	Previous
De La Rue Investments Limited	Previous
De La Rue Overseas Limited	Previous
De La Rue plc	Previous
De La Rue Payment Services Limited*	Previous
De La Rue Scandinavia Limited	Previous
DLR (No.1) Limited	Previous
DLR (No. 2) Limited	Previous
Harrison & Sons Limited	Previous
House of Questa Limited*	Previous
Portals (Bathford) Limited*	Previous
Portals Group Limited	Previous
Portals Holdings Limited	Previous
Portals Limited*	Previous
Portals Property Limited	Previous
The Rank Group Plc	Previous
Thomas De La Rue and Company (Ireland) Limited	Resignation in progress
Vebass Limited*	Previous

*Each of these companies was dissolved in June 2015 following members' voluntary liquidation as part of the restructuring of certain operations of De La Rue plc. There were no unsatisfied creditors.

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Ends

For more information, contact:

UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Toby Moore
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 and the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London.

fastjet plc is quoted on the London Stock Exchange's AIM market.

For more information see www.fastjet.com

 

END

 

 

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