TIDMFJET
RNS Number : 2167V
Fastjet PLC
05 April 2019
5 April 2019
fastjet Plc
("fastjet" or the "Company" or the "Group")
Directorate Change
Further to the announcement made on 28 December 2018 regarding
the resignation of Group Chief Financial Officer Michael Muller,
fastjet is pleased to announce the appointment of his replacement,
Kris Jaganah, to its Board.
Mr Jaganah, 39, has been seconded to fastjet in the role of
Deputy Chief Financial Officer since October 2018. Mr Muller
remained in his role at fastjet until the end of March 2019 to
ensure a smooth transition.
Kris Jaganah is employed by Bridgewater Administration Limited
("Bridgewater"), a company providing Accounting and Administrative
services to Solenta Aviation Holdings Limited ("SAHL") amongst
others. Kris has been seconded to fastjet Plc for an initial period
of three years, with the aim of utilising his strong IT and systems
focus, together with his aviation experience, in order to drive
enhancements in systems, reporting and data automation. In addition
to three years of aviation experience, Mr Jaganah has over ten
years' experience in the financial services sector, as well as four
years in the pharmaceutical industry. Mr Jaganah is a Fellow of the
Association of Chartered Certified Accountants following
qualification in 2006. Bridgewater and SAHL are related
parties.
Commenting on the appointment, fastjet Chairman Rashid Wally,
said:
"I am delighted to welcome Kris into his new role. The range and
depth of experience and expertise he brings will prove valuable as
the Company moves forward through 2019 and beyond."
fastjet Chief Executive Officer Nico Bezuidenhout, added:
"I would also like to personally thank Michael for his
significant contribution and dedication to the fastjet Board and
senior management team. He leaves with our best wishes for the
future."
Mr Jaganah holds or has held the following directorships in the
five years preceding his appointment at fastjet:
Current
Federal Airlines (Pty) Limited
Previous
Acia Aero Leasing Limited
ACIA Aero Limited
Aeroserve Holdings Limited
Aircraft Leasing & Management Limited
Aviation Investments Limited
Aviation Leasing Company Limited
Bridgewater Administration Limited
Specialised Leasing Services Limited
Stripes Aero Company Limited
Network Aviation Management Services Limited
IPR Conversions Limited
Cahone Company Limited
Cahone Mauritius Limited
ACIA Aero Parts Company Limited
ACIA Aero Technics & Leasing SAS
ACIA Aero Parts Company SAS
AWK Aero Limited
SAFMIN Holdings Limited
IPR Conversions (Switzerland) Ltd
ACIA Aero Operations Limited
ACIA Investments Limited
Aeromann Leasing Limited
IPR Leasing Limited
Aurora Investments Limited
Aviation Management Services Limited
KGV Trading Company Limited
In relation to Kris Jaganah's appointment to the Board, there is
no further information required to be disclosed pursuant to
paragraph (g) of Schedule 2 to the AIM Rules.
This announcement is released by fastjet and contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. This
announcement is being made on behalf of the Company by Kris
Jaganah, Chief Financial Officer of fastjet.
For more information, contact:
fastjet Plc Tel: +27 (0) 10 070 5151
Nico Bezuidenhout, Chief Executive
Officer
Kris Jaganah, Chief Financial Officer
Liberum Capital Limited - Nominated Tel: +44 (0) 20 3100 2222
Adviser and Broker
Andrew Godber
Clayton Bush
James Greenwood
Trystan Cullen
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Angharad Couch
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 and its network currently flies
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.
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END
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