Fastjet PLC (LON:FJET)

Fastjet PLC (LON:FJET)


Share Price
1.65 p
Change
0 (0.00 %)
Market Cap
£62.71 m
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Fastjet PLC RNS Release

Posting of Circular


RNS Number : 1383I
Fastjet PLC
22 November 2018
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of fastjet Plc or other evaluation of any securities of fastjet Plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

fastjet Plc
("fastjet", the "Company" and, together with its subsidiaries, the "Group")

22 November 2018

Posting of Circular

fastjet, the low-cost African airline, is pleased to announce that, further to its announcement at 7.00 a.m. on 21 November 2018, it has posted the Circular to Shareholders regarding, inter alia, an Open Offer of up to 417,160,154 Open Offer Shares at one penny per Open Offer Share, on the basis of 57 Open Offer Shares for every 10 Existing Ordinary Shares (as opposed to 411,440,871 Open Offer Shares as announced by the Company on Friday 16 November 2018 (the "16 November Announcement")). Assuming take-up in full of the Open Offer, the gross proceeds of the Open Offer shall be approximately £4.2 million (as opposed to £4.1 million as previously announced), being US$5.3 million. The ratio remains the same and there are no other consequences as a result of this change.

The Circular will also be made available on the Company's website www.fastjet.com

Terms not otherwise defined herein shall have the meanings given in them in the 16 November Announcement.

 

For more information, contact:

fastjet Plc

Tel: +27 (0) 10 070 5151

Nico Bezuidenhout, Chief Executive Officer

Michael Muller, Chief Financial Officer


Liberum Capital Limited - Nominated Adviser and Broker

Tel: +44 (0) 20 3100 2222

Clayton Bush

Andrew Godber

James Greenwood

Trystan Cullen

 


UK media - Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Angharad Couch

Eleni Menikou

Toby Moore

Nick Hayns


NOTES TO EDITORS

About fastjet Plc

fastjet is a multi-award winning (including Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017 and Leading African Low-Cost Carrier, World Travel Awards 2016, 2017 and 2018) African value airline for everyone that began flight operations in Tanzania in November 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza.

Today, fastjet's route network includes Tanzanian domestic routes from its Dar es Salaam base to Kilimanjaro, Mbeya, and Mwanza, and international routes from Tanzania to Lusaka in Zambia and Harare in Zimbabwe. fastjet began branded domestic flights in Mozambique (Operated by Solenta Aviation Mozambique) in November 2017, its network presently between Maputo and Beira, Quelimane and Tete and celebrated its third year of operations in Zimbabwe in 2018. The carrier operates between Harare and Bulawayo, Harare and Victoria Falls and from Harare and Victoria Falls to Johannesburg in South Africa. The airline has flown over 3.5 million passengers with an impressive on-time performance aggregate, establishing itself as a punctual, reliable, and affordable carrier.

IMPORTANT INFORMATION

This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Liberum or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Liberum, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no-one else in connection with the Equity Refinancing and the Open Offer, and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for providing advice to any other person in relation to the Equity Refinancing, the Open Offer or any other matter referred to herein.

The distribution of this announcement and the offering of the Open Offer Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or Liberum that would permit an offering of such shares or possession or distribution of this announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company and Liberum to inform themselves about, and to observe such restrictions.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Fastjet PLC Timeline

Newswire
December 28 2018
Article
January 05 2017
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