("fastjet" or the “Company”)
30 July 2015
fastjet was notified on 29 July 2015 that, on the same date, 3,500,000 Ordinary Shares of £1 each in the Company (“Ordinary Shares”) were sold by funds of HEXAM Capital Partners LLP (“HEXAM Capital”) at a price of 80p per Ordinary Share. The Ordinary Shares were acquired by existing institutional shareholders.
As Bryan Collings, non-executive director of fastjet, is the 100% shareholder in Coppin Collings Limited which in turn owns 52% of HEXAM Capital, this constitutes dealing by a director of the Company. Further to these transactions, HEXAM Capital holds 7,646,281 Ordinary Shares in fastjet, representing approximately 11.51% of the issued share capital of the Company.
For more information, contact:
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
South African media - Tribeca Public Relations Tel: +27 (0) 11 208 5500
Cian Mac Eochaidh
For investor enquiries please contact:
W.H. Ireland Ltd.– Nominated Adviser and Joint Broker Tel: +44 (0) 20 7220 1666
Liberum Capital Limited – Joint Broker Tel: +44 (0) 20 3100 2222
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. The airline introduced Airbus A319s into its fleet. 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. 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. fastjet Plc is also the holding company of Fly540 Angola where operations are currently suspended.
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 30th July 2015