Fastjet PLC Exercise of warrants (3623O)

TIDMFJET

RNS Number : 3623O

Fastjet PLC

04 November 2016

fastjet Plc

("fastjet" or the "Company")

(AIM: FJET)

Exercise of Warrants

04 November 2016

fastjet (AIM:FJET), Africa's low-cost airline, announce that application has been made for the admission to trading on AIM ("Admission") for 421 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 09 November 2016.

Following Admission, the Company's issued share capital will comprise 96,750,283 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: [phone] 
                                       6307 
 Nico Bezuidenhout, Chief Executive 
  Officer 
  Lisa Mitchell, Chief Financial 
  Officer 
 
 UK media - Citigate Dewe Rogerson    Tel: [phone] 
                                       9571 
 Eleni Menikou 
 Toby Moore 
 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 
 
 
 
 
 
 

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.

This announcement contains inside information for the purposes of the Market Abuse Regulation.

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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November 04, 2016 05:20 ET (09:20 GMT)