Exercise of Warrants

RNS Number : 7928V

Fastjet PLC

07 November 2017

 

fastjet Plc
("fastjet" or the "Company")

7 November 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 1,378 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 13 November 2017.

Following Admission, the Company's issued share capital will comprise 522,408,205 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 Nico Bezuidenhout, Chief Executive Officer Michael Muller, Chief Financial Officer	Tel: [phone]
UK media - Citigate Dewe Rogerson Toby Moore Eleni Menikou Nick Hayns	Tel: [phone]
South African media - Hein Kaiser	Tel: [phone]
For investor enquiries please contact:
Liberum Capital Limited - Nominated Adviser and Broker Clayton Bush Jill Li Neil Elliot	Tel: [phone]

NOTES TO EDITORS

About Fastjet Plc

fastjet is a multi-award winning (including Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017) 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. 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.

fastjet Plc is quoted on the London Stock Exchange's Alternative Investment Market ("AIM").

For more information see www.fastjet.com 

 

END

 

 

ALSUBAARBSAARAA