Sign Up or Login to Continue

In order to view live auctions, browse company order books, auction instructions and price history, we need to confirm your investor or shareholder status.

Please Login or Sign Up
to continue

Fastjet Ltd

Company Name:Fastjet Ltd Minimum fundraise:£0.00* High Share Price Bid:£20.00

Business Sector:Logistics and transport Total Funds Bid to Date:- Low Share Price Bid:£20.00

Auction period:29 Aug 2024 - 27 Nov 2024 Indicative Share Price:0.00 Average Share Price Bid:£20.00**

Company Details Below

*The company will accept oversubscription.

**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

PLACE MY BID

Bid Name

Select how your name appears (Tick one of the boxes to select):

Openly

Confidentially

Make Bid

Enter your bid for shares:

Number of shares bidding for

(Enter total in numbers, i.e. 100000 or 500000 or 1000000, etc)

Bid price for share (US$)

(Enter total in numbers with two decimal points, i.e. 1.50 or 2.00, etc)

Total funds bid (US$)

(Please note, the minimum funds bid is US$ 10,000)

CONFIRMATION:

I confirm that:

I am a sophisticated or licenced investor according to this definition. I am legally entitled to place this bid. I am not contravening any laws of my country by placing this bid. I indemnify Asset Match, Webtel.mobi (Holdings) Limited and all of their officers and members or persons associated with them or with this process in the event that either of these aforementioned confirmations are not correct. I understand that I may amend this bid at any time. I understand that this bid is not a formal and binding commitment at this time but rather an expression of interest and intent, and that only at the end of the bidding process when the final share price is established will I be contacted to confirm my interest to proceed, and to thereafter make a formal application to purchase shares, and that only once I have elected to make – and have made, and signed, at my own discretion – a formal application to purchase shares will my expression of interest and intent become a formal and binding commitment. I confirm that I understand that Asset match may contact me to confirm the veracity of my bid, my bona finds and my intentions, and my bona fides, if I submit a bid that is clearly contrary to the indicative level of bids on the platform or contrary to the generally perceived value of the shares. By ticking this box I indicate confirmation that I have read, understand, agree with and confirm all of the aspects covered in this “Confirmation” paragraph:

Need help?
+44 (0) 207 248 2788

back

Fastjet Ltd

The next auction will close at 4pm on the 27th November 2024. An order book will appear here when orders have been received.

In the auction that closed on 28th August 2024, 6,500 shares traded at 2,000 pence per share.

Please direct enquiries to dealing@assetmatch.com or Tel: 020 7248 2788

Interested in Fastjet Ltd?
Register or log in to participate, create a watchlist, or set reminder

Company info

Fastjet Ltd is a multi-award-winning African value airline that began flight operations in 2012. Its awards include Leading African Low-Cost Carrier World Travel Awards 2016, 2017, 2018 and 2019, and Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017.

Today, fastjet connects the three major cities in Zimbabwe by flying between Harare and Victoria Falls and Harare and Bulawayo. Internationally the airline offers flights from Harare and Bulawayo to Johannesburg in South Africa.

In October 2018, fastjet acquired an interest in FedAir, which provides unscheduled shuttle and charter services to the game lodges in the Southern Africa region.

Since commencing operations fastjet has flown over 3.5 million passengers and has established itself as a punctual, reliable, and affordable airline, with value-added services inclusive of free baggage allowance(s), airport lounge access, dedicated check-in and more according to the new fare attributes introduced across their network.

www.fastjet.com

Auction Details

Fastjet Ltd was admitted to trading on Asset Match on 24 August 2020 at a price of 0.03 pence per share (being the last traded price on AIM).

Auctions are held quarterly and close at 4pm on the last Wednesday of the month (unless stated otherwise).

Participants can send orders via their exisiting broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)

Note: The price and volume figures for the trades in 2021 have been adjusted in line with the Company's share consolidation in 2022 (10000:1).

Enlarge

Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

- shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

- Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

- Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

Key People

Rashid Wally Non-Executive Chairman

Rashid Wally was appointed as Non-Executive Chairman with effect from 1 April 2017. Mr Wally was previously the Chairman and member of the Audit Committee of South African low-cost carrier Mango Airlines (SOC) Ltd.

In addition to his airline experience, Mr Wally has a track record spanning over 38 years in the information technology sector having held various senior executive positions with IBM in Africa, Europe, the Middle East, South East Asia and Lenovo in Africa.

He is highly regarded for his corporate turnaround experience, having successfully completed many restructuring projects in his previous roles. Mr Wally also has significant corporate governance expertise which will benefit fastjet as it continues to expand and develop.

Robert Burnham Non-Executive Director

Robert Burnham has been a non-executive director of the Company since May 2006. Rob has held a variety of executive director and senior management positions in a number of listed companies both in the UK and USA.

He has undertaken lead roles in substantial merger and acquisition transactions and, as Chairman, led a flotation on the London AIM market. He currently operates as a Management Consultant advising businesses on building enterprise value through profitable growth and staff professional development.

Glenn Orsmond Chief Executive Officer

Glenn studied at Rhodes University where he completed a BCom degree, and at the University of Port Elizabeth where he completed a post graduate diploma in Accounting. He qualified as a chartered accountant in South Africa in 1991 after completing his training at Price Waterhouse. Glenn has held various executive positions in the South African airline industry over the past twenty-five years including the CFO and CEO positions at two JSE listed airlines, 1time airline and Comair.

Kirsten King Chief Financial Officer

Kirsten is a qualified Chartered Accountant (South Africa) with a Bachelor of Commerce (Honours) from the University of Natal. Kirsten has worked in aviation for the last 15 years, gaining substantial exposure to the challenges facing the industry. She held the position of CFO at Comair Limited, the then listed South African airline, for eight years in aggregate and joined fastjet Limited in the role of Group CFO effective May 2023.

Mark Hurst Non-Executive Director

Mark holds significant aviation experience with particular expertise in fleet management, aircraft sourcing and leasing as well as the development and implementation o operational efficiencies throughout the aviation value chain. He is highly regarded in the African aerospace sector for his track record in operational integrity, ability to develop strategic operations in challenging environments and value and supply chain management.

Julian Edmunds Executive Director

Julian is a former Commercial Pilot and is a specialist in African Aviation. He has flown into or within 22 countries and 100 airports on the continent. Before aviation, Julian was a safari tour operator and brings a wealth of knowledge in tourism aviation to the company. Prior to joining fastjet, Julian lived in Tanzania and led two of the premium tourism aviation business in that region.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Fastjet Ltd

Asset Match uses cookies to provide necessary site functionality and improve your experience. By using our website, you agree to our privacy policy and our cookie policy.

Asset Match uses cookies to provide necessary site functionality and improve your experience.
By using our website, you agree to our privacy policy and our cookie policy.