3 May 2013 10:44
3 May 2013
fastjet plc
("fastjet" or the "Company")
Clarification regarding Issue of Equity
Further to the Company's announcement on 2 May 2013, fastjet announces that the shares issued to Bergen Global Opportunity Fund, LP ("Bergen") under the £15.68 million facility were in relation to the first £2.556 million cash payment advanced to the Company in March.
Bergen have elected to convert a principal value of £490,000 of the initial amount advanced. Under the terms of the Convertible Securities Deed, the average VWAP was 1.46 pence per share and therefore the effective issue price to Bergen was 1.3 pence per share.
For media enquiries please contact:
UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Angharad Couch
Patrick Donovan
Chris Barrie
Eleni Menikou
Africa Media - Africa Practice Tel: +254 (0) 20 239 6899
Natalie Maule
Anna Riley
Joan Kiambati
Meg Muigai
Evelyn Njoroge
For investor enquiries please contact:
fastjet plc Tel : +44(0)20 3651 6355
Alexandra Dent, Company Secretary
WH Ireland Limited Tel: +44 (0) 20 7220 1666
James Joyce
Nick Field
NOTES TO EDITORS
About fastjet plc
fastjet plc is quoted on the London Stock Exchange's AIM market. For more information see www.fastjet.com