PDMR/Shareholding - 16 August 2016

fastjet Plc
("fastjet" or the “Company”)

 

16 August 2016
 

Grant of Options

fastjet (AIM: FJET), Africa’s low-cost airline, and its Remuneration Committee are pleased to announce that on 15 August 2016, the following options have been granted to Directors of the Company, exercisable at 31.5p, being the warrant price adopted in the recent fundraising exercise. The options represent, in aggregate, 1.99 per cent of the existing ordinary share capital of the Company.

 

Name

Options Granted

Conditions

Nico Bezuidenhout

1,500,000

Exercisable in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the options

Lisa Mitchell

422,607

Exercisable 3 years after date of grant

 

The options are issued under two schemes; the Tax Advantages 2015 CSOP Scheme and the Standard 2015 CSOP Scheme.

The options will be capable of exercise for a period of 10 years from their grant and will lapse at the end of the period.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nico Bezuidenhout

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Fastjet plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Share options over ordinary shares of 1 pence each

GB00BWGCH354

b)

Nature of the transaction

Grant of options under the standard 2015 CSOP scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£NIL GBP

1,500,000

d)

Aggregated information

  • Aggregated volume
  • Price

1,500,000

£NIL GBP

e)

Date of the transaction

15 August 2016

f)

Place of the transaction

London

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lisa Mitchell

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Fastjet plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Share options over ordinary shares of 1 pence each

GB00BWGCH354

b)

Nature of the transaction

Grant of options under the Tax Advantages 2015 CSOP Scheme and the Standard 2015 CSOP Scheme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£NIL GBP

422,607

d)

Aggregated information

  • Aggregated volume
  • Price

422,607

£NIL GBP

e)

Date of the transaction

15 August 2016

f)

Place of the transaction

London

 

 

For more information, contact:

fastjet Plc

Tel: +44 (0) 20 3651 6307

Lisa Mitchell, Chief Financial Officer

 

UK media - Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Eleni Menikou

 

Nick Hayns

 

Toby Moore

 

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

 

Jill Li

 

W.H. Ireland Ltd.- Joint Broker

 Tel: +44 (0) 20 7220 1666

James Joyce

 

Mark Leonard

 

 

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 with a long-term strategy to become the continent's first low-cost, pan-Africa airline.

The results of the second quarter 2016 customer satisfaction surveys showed that an average of 73% 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 Africa's Leading Low-Cost Airline 2016 at the 23rd World Travel Awards, 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 16th August 2016