19 August 2013
("fastjet" or the "Company")
Issue of Equity
fastjet (AIM:FJET) is pleased to announce that it has raised £1,612,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").
Under the terms of the EFF agreement the Company raised gross proceeds of £1,612,000 by way of the issue of 161,200,000 shares of 1p each to Darwin (the "EFF Shares"). The new EFF Shares have been issued and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.
Application has been made to the London Stock Exchange for a total of 16,120,000 ordinary shares of 1p each to be admitted to trading on AIM based on the the proposed consolidation and sub division of share capital being approved at the Extraordinary General Meeting today. It is expected that the admission will become effective and that trading in the new shares will commence on 22 August 2013 ("Admission").
For further information, please contact:
fastjet Plc Tel: +44 (0) 20 3651 6355
W.H. Ireland Ltd. Tel: +44 (0) 20 7220 1666
Darwin Strategic Ltd. Tel +44 (0) 20 7491 6512
Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Posted on 19th August 2013