Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Issue of Equity

13 Jun 2013 07:00

RNS Number : 9267G
Fastjet PLC
13 June 2013
 



13 June 2013 

fastjet plc

("fastjet" or the "Company")

 

Issue of Equity

 

In accordance with the Convertible Security Deed entered into between the Company and Bergen Global Opportunity Fund, LP ("Bergen"), the details of which were announced to the market on 8 March 2013, fastjet announces that the Company has issued 70,000,000 new ordinary shares (the "Conversion Shares") to Bergen in respect of £770,000 of the Convertible Security. The Conversion Shares rank pari passu in all respects with existing ordinary shares in fastjet. Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to take place on 17 June 2013.

 

Following issue of the Conversion Shares the Company's enlarged issued share capital is 2,510,563,414 ordinary shares with voting rights. This figure of 2,510,563,414 ordinary shares 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.

 

Fastjet announced the cancellation of the Convertible Security Deed with Bergen on 10th June. The conversion above relates to the previously issued convertible security as announced on 14 March 2013.

 

 

For media enquiries please contact:

 

UK media - Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571

 

Angharad Couch

Patrick Donovan

Chris Barrie

Eleni Menikou

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEBLGDLXDBBGXD

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.