Fastjet PLC Exercise of Warrants (5743N)

TIDMFJET

RNS Number : 5743N

Fastjet PLC

09 August 2017

fastjet Plc

("fastjet" or the "Company")

9 August 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 103 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 15 August 2017.

Following Admission, the Company's issued share capital will comprise 335,839,662 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                          Tel: +44 (0) 20 
 Nico Bezuidenhout, Chief Executive   3651 6307 
 Officer 
 Michael Muller, Chief Financial 
 Officer 
UK media - Citigate Dewe Rogerson    Tel: +44 (0) 20 
 Toby Moore                           7638 9571 
 Eleni Menikou 
 Nick Hayns 
South African media - Hein Kaiser    Tel: +27 (0) 82 
                                      520 0555 
For investor enquiries please 
 contact: 
Liberum Capital Limited - Nominated  Tel: +44 (0) 20 
 Adviser and Broker                   3100 2222 
 Clayton Bush 
 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 Alternative Investment Market ("AIM").

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, 2017 11:26 ET (15:26 GMT)