Fastjet raises £2.39m

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 28, 2013 14:39

Fastjet raises £2.39m

Fastjet has raised £2,390,000 via a draw down on its Equity Financing Facility (EFF) with Darwin Strategic, a majority owned subsidiary of Henderson Global Investors Volantis Capital.

Under the terms of the EFF agreement the Company raised gross proceeds of £2,390,000 by way of the issue of 59,750,000 shares of 1p each to Darwin (the EFF Shares) at an issue price of 4p per share. 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 59,750,000 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 31 October 2013.

Following Admission, the Company’s enlarged issued share capital will comprise 464,450,590 ordinary shares with voting rights.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 28, 2013 14:39
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Ffastjet-raises-2-39m%2F"> registered </a> users can comment.