Directorate change - 29 September 2015

fastjet Plc
("fastjet" or the “Company”)
29 September 2015
Directorate Change

fastjet announces the appointment of Tim Ingram as Non-Executive Director of the Company with immediate effect , to act as a representative of easyGroup Holdings which holds 9.89% of the Company’s issued share capital.

Tim’s early career was in international banking which included a two and a half year period as chief executive of a bank in the Democratic Republic of Congo. His last executive job was as Chief Executive of Caledonia Investments plc, from which he retired in July 2010. He is currently chairman of Greencoat UK Wind plc, of the European subsidiaries of QBE Insurance Group and of the Wealth Management Association. He is a member of the Takeover Panel.

Tim is the beneficial owner of 38,341 ordinary shares in fastjet plc, representing 0.06% of the Company’s issued share capital.

The names of all companies and partnerships of which Timothy Charles William Ingram, aged 68, has been a director or partner at any time in the previous five years are set out below:

Company                                                                                                                                         Status
Alliance Trust plc                                                                                                                             Previous
Alok Industries Ltd                                                                                                                           Previous
ANZ Bank (Europe) Ltd                                                                                                                   Previous
Clayesmore School                                                                                                                         Current
Collins Stewart Hawkpoint plc                                                                                                         Previous
English Touring Opera Ltd                                                                                                               Previous
Fulham Palace Enterprises Community Interest Company                                                             Current
Fulham Palace Trust                                                                                                                        Current
QBE (European Operations) Ltd                                                                                                      Current
QBE Insurance (Europe) Ltd                                                                                                            Current
QBE Re (Europe) Ltd                                                                                                                       Current
QBE Underwriting Ltd                                                                                                                      Current
RSM Tenon Group plc*                                                                                                                    Previous
Sage Group plc                                                                                                                                Previous
Savills plc                                                                                                                                         Previous
Wealth Management Association (formerly Association of

Private Client Investment Managers and Stockbrokers)                                                                  Current
  The Ingram (409) LLP                                                                                                                    Current

 

 

* Tim Ingram was appointed to the board of RSM Tenon Group plc (RSM Tenon Group) as non-executive chairman, with the consent of Lloyds Bank Group plc (Lloyds), in order to find a solution to its over-indebtedness, including to Lloyds. His position commenced on 31 May 2012 and concluded on 22 August 2013 when three insolvency practitioners from Deloitte LLP were appointed as administrators by the board. RSM Tenon Group is a non-trading holding company and, while it entered into administration, its subsidiaries continued to trade as normal. Immediately on appointment the administrators sold RSM Tenon Group’s subsidiaries to Baker Tilly UK Holdings Ltd. There is not expected to be any return of value to shareholders in RSM Tenon Group. Creditors, other than Lloyds who consented to the administration, are not expected to suffer material losses. Lloyds, however, will not recover its secured debt in full.

 
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, 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 29th September 2015