Fastjet draws down further equity

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Pan-African low-cost carrier Fastjet has drawn down a further £300,000 ($495,000) from its equity financing facility with Darwin Strategic, the investment arm of Henderson Global.

The airline issued 17.3 million 1p shares to Darwin at an issue price of 1.73p per share. These shares rank pari passu with existing 1p ordinary shares.

An application has been made for the 17,301,038 shares to be admitted to trading on the London Stock Exchange's Alternative Investment Market (AIM) on 28 March.

Following admission, Fastjet's issued share capital would comprise 614,587,478 ordinary shares with voting rights.