The Company today announces that it has further extended the terms of its unsecured loan agreements with Annunaki Investments (Private Limited) ("Annunaki") and SSCG Africa Holdings ("SSCG") (the "Loan Agreements").
As announced by the Company on 5 June 2018, the Company entered into the Loan Agreements with Annunaki and SSCG in order to make available a portion of the Group's restricted cash held in Zimbabwe. Further to this, as announced on 1 March 2019, the Company agreed with Annunaki and SSCG to extend the repayment date to 31 March 2019 and today announces that the parties have agreed that the terms of the Unsecured Loans be extended to 30 June 2019. The other terms of the Loan Agreements will remain the same.
This announcement is released by fastjet and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. This announcement is being made on behalf of the Company by Michael Muller, Chief Financial Officer of fastjet.