30th Jul 2015 10:49
LONDON (Alliance News) - Fastjet PLC said HEXAM Capital Partners sold 3.5 million shares at a price of 80 pence per share Wednesday. The shares sold constitute a 5.3% stake in Fastjet.
Non-Executive Director Bryan Collings is a 100% shareholder in Coppin Collings Ltd, which in turn owns 52% of HEXAM Capital.
Following the sale HEXAM Capital holds 7.6 million shares in fastjet, representing approximately 11.51% of the issued share capital of the company.
Shares in the aircraft company were up 1.2% at 87.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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