FastJet to issue new shares

Further to the announcement of 2 April regarding discussions with parties for long term financing, fastJet confirms that it is conducting a proposed issue of new shares to raise gross proceeds of at least £10 million with institutional and other investors. The airline says that it expects to provide further details shortly. As part of these negotiations, easyGroup IP Licensing has agreed to invest £1 million in cash into a placing of new equity in fastJet subject to a minimum total placing of £10 million.  easyGroup Holdings has also, subject to the closing of such a placing agreed to receive