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date: 20 February 2017
Result of placing
Fastjet

On 21 July 2016, fastjet announced a proposed capital raising to raise gross proceeds of £15 million through the issue of new ordinary shares by way of a placing (the “Placing”) and additional gross proceeds of up to approximately £4.2 million (being the €5 million maximum amount permitted not requiring the publication by the Company of a prospectus under the Prospectus Rules) through the issue of up to 8,302,762 new ordinary shares by way of an open offer (the “Open Offer”) (together the “Capital Raising”), all at 50 pence per new ordinary share (the “Issue Price”). The Company today announces that under the Open Offer, valid applications have been received from qualifying shareholders in respect of 325,508 new ordinary shares. fastjet has therefore raised £162,754 pursuant to the Open Offer and

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total aggregate gross proceeds of £15.2 million pursuant to the Capital Raising. The Company is also pleased to announce that at the general meeting of the Company held earlier today, all resolutions put to shareholders were duly passed. The passing of the resolutions has granted the Company with the authority to effect the share reorganisation such that the nominal value of each of the Company’s ordinary shares is reduced from £1 to 1p each (“Reorganisation”). Accordingly, the Company has applied to the London Stock Exchange for 30,325,508 ordinary shares pursuant to the Placing and Open Offer and 66,422,097 ordinary shares pursuant to the Reorganisation to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 09 August 2016. Following Admission, the Company will have 96,747,605 ordinary shares of 1p each in issue, of which 1 share is held in treasury. The number of voting rights in the Company, excluding treasury shares, is therefore 96,747,604 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. As previously announced, Colin Child, Non - Executive Chairman, has subscribed for 140,000 new ordinary shares at the Issue Price as part of the Placing. On Admission, Mr Child’s holding of 140,000 ordinary shares will represent 0.14 per cent. of the Company’s issued share capital. This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

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