TIDMFJET

RNS Number : 5354Q

Fastjet PLC

21 October 2019

fastjet Plc

("fastjet" or the "Company")

Exercise of Warrants

21 October 2019

fastjet (AIM: FJET) announces that application has been made for the admission to trading on AIM ("Admission") for 3 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to the exercise of shareholder warrants. All the warrants exercised had an exercise price of 31.5 pence per warrant. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the new Ordinary Shares is expected on 24 October 2019.

Following Admission, the Company's issued share capital will comprise 3,800,824,884 Ordinary Shares and 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. The Company does not hold any shares in treasury.

For more information, please contact:

 
 fastjet Plc                              Tel: +27 (0) 10 070 5151 
 Mark Hurst, Group Interim Chief 
  Executive Officer 
  Kris Jaganah, Group Chief Financial 
  Officer 
 
 UK media - Citigate Dewe Rogerson        Tel: +44 (0) 20 7638 9571 
 Angharad Couch 
 Toby Moore 
 Nick Hayns 
 
 For investor enquiries please contact: 
 
 Liberum Capital Limited - Nominated      Tel: +44 (0) 20 3100 2222 
  Adviser and Broker 
 Andrew Godber 
 Clayton Bush 
 James Greenwood 
 William Hall

NOTES TO EDITORS

About fastjet:

fastjet is a multi-award-winning African value airline that began flight operations in 2012. Its awards include, Leading African Low-Cost Carrier World Travel Awards 2016, 2017, 2018 and 2019, and Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017. Today, fastjet connects Zimbabwe by flying between Harare and Victoria Falls, Harare and Bulawayo. It also offers flights from Harare and Victoria Falls to Johannesburg in South Africa.

Since commencing operations fastjet has flown over 3 million passengers and has established itself as a punctual, reliable, and affordable low-cost carrier.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com

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 rns@lseg.com or visit www.rns.com.

END

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October 21, 2019 04:36 ET (08:36 GMT)

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