RE: Novicehunter29 Jun 2020 08:58
Mon, 8th Jun 2020 13:31
RNS Number : 2912P
Fastjet PLC
08 June 2020
fastjet Plc
("fastjet", the "Company" or the "Group")
Response to Share Price Movement
fastjet, the low-cost African airline, notes its recent share price movement and confirms that it is not aware of any specific reason for such movement.
In line with the Company's announcement on 1 May 2020, flight operations remain suspended following the country-wide lockdowns in South Africa and Zimbabwe and discussions with an investor consortium in relation to the disposal of the Group's holding in fastjet Zimbabwe (the "Disposal") will only restart when the impact and timeline of the lockdowns in South Africa and Zimbabwe are better understood.
The Company is still assessing its future funding requirements should the Disposal not proceed to enable it to continue as a going concern beyond 31 July 2020 and will issue an updated trading statement in the last week of June 2020.