IN BRIEF: Fastjet Plots AIM Cancellation, Share Reorganisation

Fastjet PLC - African low-cost airline - Directors conclude that cancelling shares from AIM trading is in company's best interests. Will also carry out share reorganisation to be able to issue new shares in the future. Process will see each share sub-divided into one ordinary share and one deferred share. Needs shareholder approval for cancellation and reorganisation at August 12 general meeting.

Current stock price: 0.068 pence

Year-to-date change: down 64%

By Eric Cunha; ericcunha@alliancenews.com

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