Fastjet Airbus A319
African low-cost carrier Fastjet shareholders have given the go-ahead for a reorganization aimed at strengthening the company’s weak share price. Over recent months, Fastjet’s shares have frequently fallen below their nominal value of 1 pence per share, blocking it from issuing new shares to fund growth. Earlier this month, the company outlined plans for a 10-for-one share swap to shore up the share price and resolve the issue. Fastjet said in a Monday stock market ...
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