("fastjet" or the "Company")
Issue of Equity
fastjet (AIM:FJET) is pleased to announce that it has raised £1,250,000 via a draw down on its Equity Financing Facility 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 £1,250,000 by way of the issue of 20,833,333 shares of 1p each to Darwin (the "EFF Shares") at an issue price of 6p per share.. 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 20,833,333 ordinary shares to be admitted to trading on AIM. It is expected that the admission will become effective and that trading in the new Shares will commence on 10 October 2013 ("Admission").
Following Admission, the Company's enlarged issued share capital will comprise of 404,700,590 ordinary shares with voting rights. This figure of 404,700,590 ordinary shares 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.
Posted on 7th October 2013