Director/PDMR Shareholding - 09 August 2016

fastjet Plc

("fastjet" or the “Company”)

09 August 2016

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

Colin Child

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/ Amendment

09 August 2016

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

Ordinary Share

Warrant

GB00BWGCH354

GB00BD3H7G38

b)

Nature of the transaction

Subscription of ordinary shares and warrants pursuant to the Placing announced on 21 July 2016. The warrants have an exercise price of 31.5 pence per share and an exercise period from the date of issue until 31 July 2021.  Following the transaction, Mr Child's holding of 140,000 ordinary shares represents 0.14 per cent. of the Company's issued share capital

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Ordinary shares

50.0 pence

Warrants

0 pence

140000

140000

d)

Aggregated information

  • Aggregated volume
  • Price
  • Aggregated volume
  • Price

Ordinary Shares

140000

50.0 pence

Warrants

140000

0 pence

e)

Date of the transaction

09 August 2016

f)

Place of the transaction

London, UK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information, contact:

fastjet Plc

Tel: +44 (0) 20 3651 6307

Lisa Mitchell, CFO

 

UK media - Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Toby Moore

 

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

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 9th August 2016