Directorate Change - 14 September 2015

fastjet plc

("fastjet" or the “Company”)

14 September 2015

Directorate Change

fastjet is pleased to announce the appointment of Colin Child as Non-Executive Chairman of the Company with effect from 1 October 2015.

Colin, a Chartered Accountant, has extensive knowledge of international growth businesses and more than 20 years’ experience as a director of listed companies including, most recently, as Group Finance Director of De La Rue Plc from 2010 to July 2015. Colin was also a Non-Executive Director at Rank Group Plc from 2011 to March 2014 where he was Chairman of the Audit Committee and Nominations Committee as well as the Senior Independent Director. Colin’s previous roles include Group Finance Director of DTZ Holdings plc, Stanley Leisure plc and Fitness First Plc.

Clive Carver, who has acted as Interim Non-Executive Chairman since 1 April 2015, will resume his role as Non-Executive Director on the same date.

Ed Winter, Chief Executive Officer, said: “Colin brings with him valuable and highly relevant experience to fastjet which will enable him to make a significant contribution to the Board and the strategic direction of the business. On behalf of the entire Board, I would like to thank Clive Carver for providing invaluable guidance and support to the Company while acting as Interim Chairman.”

Colin Child said: “I am delighted to be joining the fastjet Board. With a growing fleet and developing route network, this is an exciting time in the Company’s development and I look forward to working with Ed and the rest of the Board as the Company expands across Africa and pursues its strategic goals.”

The names of all companies and partnerships of which Colin Charles Child, aged 57, has been a director or partner at any time in the previous five years are set out below:

Company

Status

BradBury Wilkinson and Company Limited*

Previous 

Bradbury Wilkinson Holdings Limited*

Previous

Currency Consulting International Limited*

Previous

Currency Systems International UK Holding* Company Ltd

Previous

Currency Systems United Kingdom Limited*

Previous

Debden Security Printing Limited

Previous

De La Rue Consulting Services Limited

Previous

De la Rue Finance Limited

Previous

De La Rue Holdings Limited

Previous

De La Rue International Limited

Previous

De la Rue InterClear Limited

Previous

De La Rue Investments Limited

Previous

De La Rue Overseas Limited

Previous

De La Rue plc

Previous

De La Rue Payment Services Limited*

Previous

De La Rue Scandinavia Limited*

Previous

DLR (No.1) Limited

Previous

DLR (No.2) Limited

Previous

Harrison & Sons Limited*

Previous

Portals (Bathford) Limited*

Previous

Portals Group Limited

Previous

Portals Holdings Limited

Previous

Portals Limited*

Previous

Portals Property Limited

Previous

The Rank Group Plc

Previous

Thomas De La Rue and Company ( Ireland) Limited

Resignation in progress

Vebass Limited    

 Previous

 

*Each of these companies was dissolved in June 2015 following members’ voluntary liquidation as part of the restructuring of certain operations of De La Rue plc. There were no unsatisfied creditors.

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Ends

For more information, contact:

UK media - Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Angharad Couch

 

Toby Moore

 

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 7382 0922

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. 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 and the award for "Brand Strategy of the Year" at 2014’s Drum Marketing Awards in London.

 

fastjet plc is quoted on the London Stock Exchange's AIM market.

 

For more information see www.fastjet.com

 

Posted on 14th September 2015