LONDON (Alliance News) - Low-cost African carrier Fastjet PLC on Friday said Hexam Capital Partners LLP has sold 7.6 million shares in the company at 60.00 pence per share on Thursday.
Bryan Collings, a non-executive director of Fastjet, is the owner of Coppin Collings Ltd, which owns a 68% stake in Hexam, meaning the sale constitutes a dealing by a director.
Hexam no longer owns any Fastjet shares following the sale.
Fastjet shares were down 5.2% to 63.50 pence on Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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