StockMarketWire.com - Africa-focused budget carrier Fastjet said it had extended the terms of its unsecured loan agreements with Annunaki Investments and SSCG Africa Holdings.

The company said the loans had been extended until 31 March.

The loan amount from Fastjet Zimbabwe to Annunaki had increased from to $7m from $5m due to devaluation of the underlying currency.

SSCG would also have the option to convert a $2m repayment plus any outstanding interest into Fastjet shares.


At 2:06pm: [LON:FJET] Fastjet PLC share price was 0p at 1.43p



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