Fastjet draws down £1.6mln

Low-cost African airline fastjet (LON:FJET) has used its equity financing facility to draw down £1.6mln.

The fast-growing airline has issued 161.2mln shares at a penny each to Darwin Strategic, a majority owned subsidiary of Henderson Global Investors Volantis Capital.

Application has been made to the London Stock Exchange for a total of 16.12mln ordinary shares of 1p each to be admitted to trading on AIM based on the proposed consolidation and sub-division of share capital being approved at the Extraordinary General Meeting today (Monday).