Fastjet PLC Exercise of Warrants (5543P)

TIDMFJET

RNS Number : 5543P

Fastjet PLC

11 February 2019

fastjet Plc

("fastjet" or the "Company")

11 February 2019

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 9 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 14 February 2019.

Following Admission, the Company's issued share capital will comprise 3,800,824,881 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: +27 (0) 10 070 5151 
 Nico Bezuidenhout, Chief Executive 
  Officer 
  Michael Muller, Chief Financial Officer 
 Liberum Capital Limited - Nominated        Tel: +44 (0) 20 3100 2222 
  Adviser and Broker 
 Clayton Bush 
  Andrew Godber 
  James Greenwood 
  Trystan Cullen 
 UK media - Citigate Dewe Rogerson          Tel: +44 (0) 20 7638 9571 
 Angharad Couch 
  Eleni Menikou 
  Toby Moore 
  Nick Hayns

NOTES TO EDITORS

About fastjet Plc

fastjet is a multi-award winning (including Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017 and Leading African Low-Cost Carrier, World Travel Awards 2016, 2017 and 2018) African value airline for everyone that began flight operations in Tanzania in November 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza.

Today, fastjet's route network includes flights from Harare to Bulawayo, Harare to Victoria Falls and from Harare and Victoria Falls to Johannesburg in South Africa. fastjet began branded domestic flights in Mozambique (Operated by Solenta Aviation Mozambique) in November 2017, its network presently between Maputo and Beira, Quelimane and Tete. The airline has flown over 3.5 million passengers with an impressive on-time performance aggregate, establishing itself as a punctual, reliable, and affordable carrier.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ALSUWSNRKNAURAR

(END) Dow Jones Newswires

February 11, 2019 02:00 ET (07:00 GMT)

Fastjet (LSE:FJET)
Historical Stock Chart
From Apr 2024 to May 2024