Clarification re Issue of Equity

RNS Number : 9743D

Fastjet PLC

03 May 2013

 



3 May 2013 

fastjet plc

("fastjet" or the "Company")

Clarification regarding Issue of Equity

Further to the Company's announcement on 2 May 2013, fastjet announces that the shares issued to Bergen Global Opportunity Fund, LP ("Bergen") under the £15.68 million facility were in relation to the first £2.556 million cash payment advanced to the Company in March.

Bergen have elected to convert a principal value of £490,000 of the initial amount advanced.  Under the terms of the Convertible Securities Deed, the average VWAP was 1.46 pence per share and therefore the effective issue price to Bergen was 1.3 pence per share.

For media enquiries please contact:

UK media - Citigate Dewe Rogerson                                                          Tel: [phone]

Angharad Couch

Patrick Donovan

Chris Barrie

Eleni Menikou

Africa Media - Africa Practice                                                                        Tel: [phone]

Natalie Maule

Anna Riley

Joan Kiambati

Meg Muigai

Evelyn Njoroge

For investor enquiries please contact:

fastjet plc                                                                                                                Tel : [phone]

Alexandra Dent, Company Secretary

WH Ireland Limited                                                                                           Tel: [phone]

James Joyce

Nick Field

NOTES TO EDITORS

About fastjet plc 

fastjet plc is quoted on the London Stock Exchange's AIM market. For more information see www.fastjet.com

 

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