Fastjet PLC Director/PDMR Shareholding (7162G)

TIDMFJET

RNS Number : 7162G

Fastjet PLC

09 August 2016

fastjet Plc

("fastjet" or the "Company")

09 August 2016

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                       Colin Child 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            PDMR 
---  -------------------------  ---------------------------------- 
 b)   Initial                    09 August 2016 
       notification/ 
       Amendment 
---  -------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                       Fastjet Plc 
---  -------------------------  ---------------------------------- 
 b)   LEI                        N/A 
---  -------------------------  ---------------------------------- 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of 
       instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place 
       where transactions have been conducted 
---  ------------------------------------------------------------- 
 a)   Description                Ordinary Share 
       of the                     Warrant 
       financial 
       instrument, 
       type of 
       instrument 
                                  GB00BWGCH354 
                                  GB00BD3H7G38 
 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature                     Subscription of ordinary shares 
       of the                     and warrants pursuant to the 
       transaction                Placing announced on 21 July 
                                  2016. The warrants have an 
                                  exercise price of 31.5 pence 
                                  per share and an exercise period 
                                  from the date of issue until 
                                  31 July 2021. Following the 
                                  transaction, Mr Child's holding 
                                  of 140,000 ordinary shares 
                                  represents 0.14 per cent. of 
                                  the Company's issued share 
                                  capital 
---  -------------------------  ---------------------------------- 
 c)   Price(s)                     Price(s)       Volume(s) 
       and volume(s)               -------------  ---------- 
                                    Ordinary 
                                     shares 
                                     50.0 pence     140000 
                                     Warrants 
                                     0 pence        140000 
                                   -------------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated 
       information 
 
        *    Aggregated volume     Ordinary Shares 
                                   140000 
 
                                   50.0 pence 
        *    Price 
                                   Warrants 
                                   140000 
 
        *    Aggregated volume     0 pence 
 
 
 
        *    Price 
---  -------------------------  ---------------------------------- 
 e)   Date of                    09 August 2016 
       the transaction 
---  -------------------------  ---------------------------------- 
 f)   Place                      London, UK 
       of the 
       transaction 
---  -------------------------  ---------------------------------- 
 

For more information, contact:

 
 fastjet Plc                         Tel: [phone] 
                                      6307 
 Lisa Mitchell, CFO 
 
 UK media - Citigate Dewe Rogerson   Tel: [phone] 
                                      9571 
 Toby Moore 
 Eleni Menikou 
 Nick Hayns 
 
 South African media - Tribeca       Tel: [phone] 
  Public Relations                    5500 
 Cian Mac Eochaidh 
 Kelly Webster 
 
 For investor enquiries please 
  contact: 
 
 
 Liberum Capital Limited -      Tel: [phone] 
  Nominated Adviser and Joint    2222 
  Broker 
 Clayton Bush 
 Christopher Britton 
  Jill Li 
 
 W.H. Ireland Ltd.- Joint        Tel: [phone] 
  Broker                          1666 
 James Joyce 
 Mark Leonard 
 
 

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 with a long-term strategy to become the continent's first low-cost, pan-Africa airline.

The results of the second quarter 2016 customer satisfaction surveys showed that an average of 73% 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 Africa's Leading Low-Cost Airline 2016 at the 23(rd) World Travel Awards, 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

This information is provided by RNS

The company news service from the London Stock Exchange

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August 09, 2016 11:06 ET (15:06 GMT)