Fastjet Limited is incorporated in England and Wales. The Company operates in Zimbabwe and South Africa.
Company Registration Number: 5701801
Fastjet Limited - Board Responsibilities
The Board of fastjet Limited is responsible for the leadership, strategic direction and oversight of management of the Company. Its primary focus is on strategy formulation, governance, policy and control.
The Board’s attention is highly focused and include matters such as key strategic decision making, the approval of the annual budget and significant capital expenditure. The Board also controls treasury policy, oversight on all Corporate Governance matters, internal control, audit and risk management, remuneration of the non-executive directors and executive management.
All matters that have a material impact upon the company or any of its subsidiaries will be referred to the Board. The Chairman is responsible to lead the Board and ensure that it operates effectively, focusing on governance matters as a whole and corporate compliance. The Chairman is expected to be independent on appointment and is expected to remain independent throughout his tenure.
The Chief Executive's primary role is the day-to-day running of the Company's businesses and the development and implementation of strategy. The Chief Executive may make decisions in all matters affecting the operations, performance and strategy of the Group's businesses, with the exception of those matters reserved to the Board or specifically delegated by the Board to its committees or the boards of subsidiaries.
The role of the Chief Executive is clearly defined and set out in writing and has been approved by the Board.
Chief Executive Officer | Mark Hurst
Chief Financial Officer | Kirsten King
Non-Executive Chairman | Rashid Wally
Non-Executive Director | Robert Burnham
The fastjet Limited Board is committed to the highest standards of corporate governance and to maintaining a solid framework for control and management of the business.
Number of shares in issue
380,457- Ordinary shares of £1.00 each
The Company does not hold any Ordinary Shares in treasury and therefore the number of Ordinary Shares with voting rights is 380,457.
In so far as the Company is aware, as at 30 September 2022, the percentage of the Company’s issued share capital that is not in public hands is 67.57%
The number of ordinary shares not held in public hands presently comprise Solenta, Director’s and employee's holdings.