Issue of Equity & Convertible Security

RNS Number : 0568A

Fastjet PLC

14 March 2013

 



14 March 2013 

fastjet plc

("fastjet" or the "Company")

Issue of Equity & Convertible Security

Further to the Company's announcement on 8 March 2013, fastjet announces that the Company has today issued 44,000,000 new ordinary shares of 1 pence each to Bergen Global Opportunity Fund, LP ("Bergen") in accordance with the Convertible Security Deed entered into between the Company and Bergen (the "Agreement"), the details of which were announced to the market on 8 March 2013. These shares rank pari passu in all respects with existing ordinary shares in fastjet, and have been admitted to trading today.

The Company further announces that, in accordance with the Agreement, the first convertible security has today been issued with a nominal value of £2,556,750 and an 18 month term.

The Company's enlarged issued share capital is now 2,117,416,561 ordinary shares with voting rights. This figure of 2,117,416,561 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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:

W.H. Ireland Ltd.                                                                                            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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