fasjet response

RNS Number : 5037S

Fastjet PLC

18 March 2016

 

fastjet Plc

("fastjet" or the "Company")

18 March 2016

Response to easyGroup letter

The Board has noted that easyGroup Holdings Ltd ("easyGroup") chose yesterday to make immediately public a letter which it sent to fastjet relating to its contractual relationship with the Company.

Whilst the Board of fastjet welcomes constructive engagement with all shareholders, it cannot understand why easyGroup, acting as either a 12.6% shareholder or brand owner, has published this particular letter without first raising its concerns with the Company.

The Board considers the publication of this letter as wholly inappropriate and is taking legal advice on the matter. The Company holds easyGroup responsible for any damage caused to the business by the publication of this letter.

Further announcements will be made as appropriate.

ENDS

For more information, contact:

fastjet Plc	Tel: [phone]
Colin Child, Non-Executive Chairman
Lisa Mitchell, Chief Financial Officer
UK media - Citigate Dewe Rogerson	Tel: [phone]
Angharad Couch
Eleni Menikou
Nick Hayns
South African media - Tribeca Public Relations	Tel: [phone]
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:

Liberum Capital Limited - Nominated Adviser and Joint Broker	Tel: [phone]
Clayton Bush
Christopher Britton
W.H. Ireland Ltd.- Joint Broker	Tel: [phone]
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. fastjet Zimbabwe was successfully launched in October 2015. 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

 

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