14 March 2013
("fastjet" or the "Company")
Issue of Equity & Convertible Security
Further to the Company's announcement on 8 March 2013, fastjet announces that the Company has today issued 44,000,000 new ordinary shares of 1 pence each to Bergen Global Opportunity Fund, LP ("Bergen") in accordance with the Convertible Security Deed entered into between the Company and Bergen (the "Agreement"), the details of which were announced to the market on 8 March 2013. These shares rank pari passu in all respects with existing ordinary shares in fastjet, and have been admitted to trading today.
The Company further announces that, in accordance with the Agreement, the first convertible security has today been issued with a nominal value of £2,556,750 and an 18 month term.
The Company's enlarged issued share capital is now 2,117,416,561 ordinary shares with voting rights. This figure of 2,117,416,561 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 FSA's Disclosure and Transparency Rules.
For media enquiries please contact:
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Africa Media - Africa Practice Tel: +254 (0) 20 239 6899
For investor enquiries please contact:
W.H. Ireland Ltd. Tel: +44 (0) 20 7220 1666
NOTES TO EDITORS
About fastjet plc
fastjet plc is quoted on the London Stock Exchange's AIM market.
For more information see www.fastjet.com
Posted on 14th March 2013