Charles Russell Speechlys advises fastjet on its placing, subscription, open offer and balance sheet restructuring to issue equity with a total value of US$40.7 million
Charles Russell Speechlys has advised AIM listed client, fastjet plc, on its placing, subscription, open offer and balance sheet restructuring to issue equity with a total value of US$40.7m. Admission of the new shares occurred on 17 December 2018.
fastjet is a multi-award winning low-cost African airline (recently including the World Travel Awards’ Leading African Low-Cost Airline in Africa 2018), which has flown over 2.7 million passengers with an impressive aggregate of 94% on-time performance, establishing itself as a punctual, reliable, and affordable low-cost carrier.
Nico Bezuidenhout, CEO of fastjet plc, commented: “The team at Charles Russell Speechlys provided invaluable advice and support throughout the transaction. Their expertise and agility in advising on technical legal issues in a commercial context proved mission critical. We look forward to working with the team as we now focus on our continuing operations in Zimbabwe and growth-markets of South Africa and Mozambique.”
Mark Howard, corporate partner, commented: “We are delighted to have helped fastjet through this challenging phase. The third successive award as Africa's leading low cost carrier, received at the 2018 World Travel Awards, supports fastjet's brand building journey whilst the benefit of a restructured balance sheet going forward, should support sustainable growth.”
The Charles Russell Speechlys team was led by corporate partner, Mark Howard, with invaluable support from banking partner Paul Kay, corporate senior associate Tom Smitham, associate Alex Stevens and trainee Nouf Mattar.
Our thinking
Rose Carey
Is the UK open for business? A discussion with the Home Office
We hosted an immigration webinar with the policymakers from the Home Office.
Louise Ward
Louise Ward writes for EG on what UK investors can gain from an overseas life sciences partner
What UK investors can gain from an overseas life sciences partner
Sonia Kenawy
Sonia Kenawy writes for New Law Journal on cryptocurrency and security for costs
Sonia Kenawy writes for New Law Journal on cryptocurrency and security for costs
David Haines
New Arbitration Scheme for Commercial Arrears goes live
Everything you need to know about the new Arbitration Scheme for Commercial Arrears
Charlotte Healy
Charlotte Healy and Katie Bewick write for Pharmacy Business on expert determination
Charlotte Healy and Katie Bewick write for Pharmacy Business on expert determination
Pei Li Kew
Pei Li Kew writes for Pharmacy Business on the link between pharmacy and IP
Pei Li Kew writes for Pharmacy Business on the link between pharmacy and IP
Charlotte Duly
Charlotte Duly writes for CITMA Review on the China Tang trade mark infringement case
Charlotte Duly writes for CITMA Review on the China Tang trade mark infringement case
Mark Howard
Charles Russell Speechlys advises Acora on its acquisition of Secrutiny
Charles Russell Speechlys advises Acora on its acquisition of Secrutiny
Oliver Park
Building Safety Act 2022
Everything you need to know about the Building Safety Act 2022
Jonathan McDonald
Jonathan McDonald provides comment for City AM on the Data Reform Bill announced in the Queen's Speech
Jonathan McDonald provides comment for City AM on the Data Reform Bill announced in the Queen's Speech
Claire Fallows
CoStar quotes Claire Fallows on the new infrastructure levy announced in the Queen's Speech
CoStar quotes Claire Fallows on the new infrastructure levy announced in the Queen's Speech
Charlotte Posnansky
Depp v Heard - will transparency in the English family court increase public confidence or feed the insatiably prurient public appetite?
Nick White
Charles Russell Speechlys advises Symphony Holdings Limited on the sale of its PONY trade mark portfolio for USD $28 million
Charles Russell Speechlys advises Symphony Holdings Limited on the sale of its PONY trade mark portfolio for USD $28 million.
Hope Wilson
Hope Wilson writes for the EG Legal Q&A on qualifying criteria
Hope Wilson writes for the EG Legal Q&A on qualifying criteria
Simon Ridpath
Simon Ridpath featured in the Lawyer’s Hot 100 list
Simon Ridpath features in The Lawyer’s Hot 100 list
Mark Howard
Charles Russell Speechlys advises Europa Oil & Gas (Holdings) plc on its £7m equity fundraising
Europa Oil and Gas is a renewable energy, oil and gas development and production company.
Emma Humphreys
Property Patter: what’s been happening in the world of Essential Residential?
We discuss recent cases of interest to those dealing with residential property.
David Savage
David Savage writes for PBC Today on the end of rebated fuel
David Savage writes for PBC Today on the end of rebated fuel
Simon Green
International Bar Association quote Simon Green on the future of the legal sector in Hong Kong
International Bar Association quote Simon Green on the future of Hong Kong's legal sector