Fastjet PLC Director/PDMR shareholding notification (9673U)

TIDMFJET

RNS Number : 9673U

Fastjet PLC

24 January 2017

fastjet Plc

("fastjet" or the "Company")

Director / PDMR Shareholding and Notification

24 January 2017

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------- 
 a)   Name                       Nico Bezuidenhout 
---  -------------------------  ---------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status            CEO 
---  -------------------------  ---------------------------- 
 b)   Initial                    Initial Notification 
       notification/ 
       Amendment 
---  -------------------------  ---------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                       fastjet Plc 
---  -------------------------  ---------------------------- 
 b)   LEI                        21380065R92CCEM8BV22 
---  -------------------------  ---------------------------- 
 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 
       of the                     1p each 
       financial 
       instrument, 
       type of 
       instrument 
 
 
                                  ISIN: GB00BWGCH354 
       Identification 
       code 
---  -------------------------  ---------------------------- 
 b)   Nature                     Subscription of ordinary 
       of the                     shares pursuant to 
       transaction                the Placing announced 
                                  on 5 January 2017. 
                                  Following the transaction, 
                                  Mr Bezuidenhout 's 
                                  holding of 124,522 
                                  ordinary shares represents 
                                  0.04 per cent. of 
                                  the Company's issued 
                                  share capital. 
---  -------------------------  ---------------------------- 
 c)   Price(s)                     Price(s)     Volume(s) 
       and volume(s)               -----------  ---------- 
 
                                     GBP0.163     124,522 
                                   -----------  ---------- 
---  -------------------------  ---------------------------- 
 d)   Aggregated 
       information 
 
        *    Aggregated volume     124,522 
 
 
                                   GBP0.163 
        *    Price 
---  -------------------------  ---------------------------- 
 e)   Date of                    24 January 2017 
       the transaction 
---  -------------------------  ---------------------------- 
 f)   Place                      London Stock Exchange, 
       of the                     AIM 
       transaction 
---  -------------------------  ---------------------------- 
 

For more information, contact:

 
 fastjet Plc                      Tel: [phone] 
                                   6307 
 Nico Bezuidenhout, Interim 
  Chairman and Chief Executive 
  Officer 
 Lisa Mitchell, Chief Financial 
  Officer 
 
 
 UK media - Citigate Dewe         Tel: [phone] 
  Rogerson                         9571 
 Toby Moore 
 Eleni Menikou 
 Nick Hayns 
 
 
 For investor enquiries please 
  contact: 
 
 
 Liberum Capital Limited -       Tel: [phone] 
  Nominated Adviser and Broker    2222 
 Clayton Bush 
 Christopher Britton 
  Jill Li 
 
 
 

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 a fleet of modern jet aircraft, fastjet has a long term strategy to implement the low-cost carrier model across Africa 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 23rd 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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January 24, 2017 06:08 ET (11:08 GMT)