Board changes - 4 December 2015

fastjet Plc
("fastjet" or the “Company”)
4 December 2015

Board changes

fastjet (AIM:FJET), Africa's low-cost airline, today announces changes to its Board as the Company prepares for the next phase in its development.

Non-Executive Director Clive Carver will step down from the Board with immediate effect, and Non-Executive Directors Bryan Collings and Rob Burnham will not stand for re-election in 2016, retiring from the Board at the conclusion of the 2016 AGM. 

The Board would like to wholeheartedly thank them for their support and wise counsel, and in particular, for Clive’s contribution to the Company while acting as Interim Chairman.

To ensure an appropriate weighting of executive and non-executive directors, Chief Commercial Officer, Richard Bodin, will step down from the Board with immediate effect reducing the number of Executive Directors to three.

Richard, will, of course, continue to serve as a key member of the senior management team and the Board looks forward to his ongoing and valuable involvement in the development of the business.

Further announcements regarding board composition will be made in due course.


For more information, contact:

UK media - Citigate Dewe Rogerson  Tel: +44 (0) 20 7638 9571
Angharad Couch 
Eleni Menikou 
Nick Hayns 
 
South African media - Tribeca Public Relations  Tel:  +27 (0) 11 208 5500
Cian Mac Eochaidh 
Kelly Webster 
 
For investor enquiries please contact: 

 

Liberum Capital Limited – Nominated Adviser and Joint Broker Tel:  +44 (0) 20 3100 2222
Clayton Bush 
Christopher Britton 
 
W.H. Ireland Ltd.– Joint Broker  Tel: +44 (0) 20 7220 1666
James Joyce 
Mark Leonard 
 
Sanlam Securities UK Limited – Joint Broker Tel:  +44 (0) 20 7628 2200
Simon Clements/Ken Williams 

 


NOTES TO EDITORS

About fastjet Plc

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. fastjet Zimbabwe was successfully launched in October 2015. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline.

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014’s Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

 

For more information see www.fastjet.com

Posted on 4th December 2015