25 March 2014
("fastjet" or the "Company")
Issue of Equity
Fastjet (AIM:FJET) is pleased to announce that it has raised £300,000 via a draw down on its Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin").
Under the terms of the EFF agreement the Company raised gross proceeds of £300,000 by way of the issue of 17,301,038 ordinary shares of 1p ("Shares") each to Darwin at a price of 1.734p per Share (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 17,301,038 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 28 March 2014 ("Admission").
Following Admission, the Company's enlarged issued share capital will comprise 614,587,478 ordinary shares with voting rights. This figure of 614,587,478 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.
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
This information is provided by RNS
The company news service from the London Stock Exchange
Posted on 25th March 2014