Fastjet has raised £2.39 million ($3.8 million) in equity via a draw-down from its financing facility with Darwin Strategic, the investment arm of Henderson Global.
The Pan-African low-cost carrier issued nearly 59.7 million shares at 1p to Darwin at an issue price of 4p per share. These shares rank pari passu with existing 1p ordinary shares.
An application was made for the 59.7 million shares to be admitted to trading on the London Stock Exchange's Alternative Investment Market (AIM) on 31 October.
Following admission, Fastjet's issued share capital comprised 464,450,590 ordinary shares with voting rights.