Issue of Equity

RNS Number : 9626A

Fastjet PLC

26 February 2014

 



26 February 2014

fastjet plc

("fastjet" or the "Company")

Issue of Equity

Fastjet (AIM:FJET) is pleased to announce that it has raised £950,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin").

Under the terms of the EFF agreement the Company raised gross proceeds of £950,000 by way of the issue of 47,500,000 ordinary shares of 1pence ("Shares") each to Darwin at a price of 2pence per Share (the "EFF Shares"). The new EFF Shares have been issued and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

Application has been made to the London Stock Exchange for a total of 47,500,000 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 3 March 2014 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 549,786,440 ordinary shares with voting rights. This figure of 597,286,440 ordinary shares 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.

ENDS

For further information, please contact:

fastjet Plc                                 Tel: [phone]

Ed Winter

Angus Saunders

W.H. Ireland Ltd.                    Tel: [phone]

James Joyce

Nick Field

Darwin Strategic Ltd.             Tel [phone]

Anand Sambasivan

Jamie Vickers

Citigate Dewe Rogerson        Tel: [phone]

Toby Moore

Eleni Menikou

 

END

 

 

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