Issue of Equity

RNS Number : 9267G

Fastjet PLC

13 June 2013

 



13 June 2013 

fastjet plc

("fastjet" or the "Company")

Issue of Equity

In accordance with the Convertible Security Deed entered into between the Company and Bergen Global Opportunity Fund, LP ("Bergen"), the details of which were announced to the market on 8 March 2013, fastjet announces that the Company has issued 70,000,000 new ordinary shares (the "Conversion Shares") to Bergen in respect of £770,000 of the Convertible Security. The Conversion Shares rank pari passu in all respects with existing ordinary shares in fastjet.  Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to take place on 17 June 2013.

Following issue of the Conversion Shares the Company's enlarged issued share capital is 2,510,563,414 ordinary shares with voting rights. This figure of 2,510,563,414 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 FCA's Disclosure and Transparency Rules.

Fastjet announced the cancellation of the Convertible Security Deed with Bergen on 10^th June.  The conversion above relates to the previously issued convertible security as announced on 14 March 2013.

For media enquiries please contact:

UK media - Citigate Dewe Rogerson                                                          Tel: [phone]

Angharad Couch

Patrick Donovan

Chris Barrie

Eleni Menikou

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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