Completion of Acquisitions - 02 July 2012

RNS Number : 6091G

Rubicon Diversified Investments PLC

02 July 2012

Rubicon Diversified Investments Plc

("Rubicon", the "Company" or "FastJet"; AIM: RUBI)

Completion of Acquisitions

Following the re-admission of the Company's ordinary shares to trading on AIM, the Acquisitions of the Lonrho Aviation Group and a further interest in Five Forty Aviation Ltd. have completed.  Details of the Acquisitions are set out in the Company's admission document dated 13 June 2012.

Commenting on the completion of the Acquisitions Mr. David Lenigas, Executive Chairman, said:

"From the outset, the Company will be flying approximately 750,000 passengers a year in Africa with bases in Ghana, Kenya, Tanzania and Angola. Rubicon plans to rapidly expand its existing network of routes flown and launch the new FastJet Low Cost Airline using large modern jet aircraft under a brand licence agreement with easyGroup and Sir Stelios Haji-Ioannou, founder of leading low cost airline easyJet.


Defined terms in this announcement have the meanings defined in the admission document dated 13 June, which is available from the Company's website: www.rubicondiv.co.uk

For further information please contact:


Rubicon Diversified Investments Plc

Tel: +44 (0) 20 7 887 1421

Ed Winter

David Lenigas

Richard Blakesley


Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Angharad Couch

Sally Marshak

Eleni Menikou


W.H. Ireland Ltd.

Tel: +44 (0) 20 7220 1666

James Joyce

Nick Field

 

Posted on 2nd July 2012