16 Aug 2016 07:00
fastjet Plc("fastjet" or the "Company")
16 August 2016
Grant of Options
fastjet (AIM: FJET), Africa's low-cost airline, and its Remuneration Committee are pleased to announce that on 15 August 2016, the following options have been granted to Directors of the Company, exercisable at 31.5p, being the warrant price adopted in the recent fundraising exercise. The options represent, in aggregate, 1.99 per cent. of the existing ordinary share capital of the Company.
Name | Options Granted | Conditions |
Nico Bezuidenhout | 1,500,000 | Exercisable in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the options |
Lisa Mitchell | 422,607 | Exercisable 3 years after date of grant |
The options are issued under two schemes; the Tax Advantages 2015 CSOP Scheme and the Standard 2015 CSOP Scheme.
The options will be capable of exercise for a period of 10 years from their grant and will lapse at the end of the period.
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Nico Bezuidenhout | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Chief Executive Officer | ||||
b) | Initial notification/ Amendment
| Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Fastjet plc | ||||
b) | LEI
| N/A | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a) | Description of the financial instrument, type of instrument
Identification code
| Share options over ordinary shares of 1 pence each
GB00BWGCH354
| ||||
b) | Nature of the transaction
| Grant of options under the standard 2015 CSOP scheme | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
1,500,000
£NIL GBP
| ||||
e) | Date of the transaction
| 15 August 2016 | ||||
f) | Place of the transaction
| London | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Lisa Mitchell | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Chief Financial Officer | ||||
b) | Initial notification/ Amendment
| Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Fastjet plc | ||||
b) | LEI
| N/A | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a) | Description of the financial instrument, type of instrument
Identification code
| Share options over ordinary shares of 1 pence each
GB00BWGCH354
| ||||
b) | Nature of the transaction
| Grant of options under the Tax Advantages 2015 CSOP Scheme and the Standard 2015 CSOP Scheme.
| ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
422,607
£NIL GBP
| ||||
e) | Date of the transaction
| 15 August 2016 | ||||
f) | Place of the transaction
| London | ||||
For more information, contact:
fastjet Plc | Tel: +44 (0) 20 3651 6307 |
Lisa Mitchell, Chief Financial Officer | |
|
|
UK media - Citigate Dewe Rogerson | Tel: +44 (0) 20 7638 9571 |
Eleni Menikou | |
Nick Hayns | |
Toby Moore | |
|
|
South African media - Tribeca Public Relations | Tel: +27 (0) 11 208 5500 |
Cian Mac Eochaidh | |
Kelly Webster | |
| |
For investor enquiries please contact: |
Liberum Capital Limited - Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3100 2222 |
Clayton Bush Christopher Britton | |
Jill Li | |
|
|
W.H. Ireland Ltd.- Joint Broker | Tel: +44 (0) 20 7220 1666 |
James Joyce | |
Mark Leonard | |
NOTES TO EDITORS
About fastjet Plc
fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. Utilising its fleet of Airbus A319s, fastjet is implementing the low-cost model across Africa with a long-term strategy to become the continent's first low-cost, pan-Africa airline.
The results of the second quarter 2016 customer satisfaction surveys showed that an average of 73% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including Africa's Leading Low-Cost Airline 2016 at the 23rd World Travel Awards, winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.
fastjet Plc is quoted on the London Stock Exchange's AIM Market.
For more information see www.fastjet.com