Fastjet draws on its equity facility

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By TESTCustomwebLP TESTCustomwebLP January 28, 2014 21:09

Fastjet draws on its equity facility

Fastjet has raised £1,000,000 via a draw down on its Equity Financing Facility (EFF) with Darwin Strategic Limited.

Under the terms of the EFF agreement the Company raised gross proceeds of £1,000,000 by way of the issue of 37,735,850 ordinary shares of 1 pence (Shares) each to Darwin at a price of 2.65 pence per Share (the EFF Shares). The new EFF Shares have been issued and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

Application has been made to the London Stock Exchange for a total of 37,735,850 ordinary shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the EFF Shares will commence on 6 December 2013 (Admission).

Following Admission, the Company’s enlarged issued share capital will comprise 549,786,440 ordinary shares with voting rights.

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By TESTCustomwebLP TESTCustomwebLP January 28, 2014 21:09
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