Air Partner PLC Proposed share split and notice of general meeting (4679T)
January 06 2017 - 1:00AM
UK Regulatory
TIDMAIR
RNS Number : 4679T
Air Partner PLC
06 January 2017
6 January 2017
Air Partner plc
Proposed 1 into 5 share split and notice of general meeting
Air Partner plc (the "Company") announces that the Company is
today sending a circular (the "Circular") to shareholders that
describes a proposed share split and contains a notice of general
meeting at which a resolution will be proposed to approve a share
split.
The Board of directors believes that the Company's share price
has risen to a point where it is appropriate to recommend that each
existing ordinary share of five pence be split into five new
ordinary shares of one penny each. The Board believes that this
split will improve the liquidity of the market in the Company's
shares, reduce the percentage spread between the bid and offer
prices and increase the attractiveness of the Company's shares to
potential investors. A long term aim of the Board is to attract and
retain a diverse shareholder base with an appropriate balance
between retail and institutional investors for a public company
listed on the premium segment of the London Stock Exchange.
A copy of the Circular will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM and on the Company's website
www.airpartner.com
The expected timetable of events and key statistics are set out
below.
Expected timetable
2017
Latest time for receipt of proxy 9.00 am on Monday 23
forms for the general meeting January
Latest time for electronic appointment 9.00 am on Monday 23
of proxies for the general meeting January
General meeting 9.00 am on Wednesday
25 January
Close of dealings in existing 4.30 pm on Thursday
shares 26 January
Record date for share split 6.00 pm on Thursday
26 January
Split becomes effective 8.00 am on Friday 27
January
New shares credited to CREST 8.00 am on Friday 27
accounts January
Commencement for dealings in 8.00 am on Friday 27
new shares January
Certificates for new shares by 10 February
despatched
Information on shares
Existing ordinary shares of five pence
each
Total number in issue at close of business
on 4 January 2017 10,443,513
ISIN code GB0000115302
SEDOL code 0011530
New ordinary shares of one penny each
Total number expected to be in issue
immediately after the split 52,217,565
ISIN code GB00BD736828
SEDOL code BD73682
Enquiries:
01293 844
Air Partner 788
Neil Morris, CFO
Temple Bar Advisory (Financial PR
advisor) 020 7002 1080
07789 998
Tom Allison 020
07876 222
Alycia MacAskill 703
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group
that provides worldwide solutions to industry, commerce,
governments and private individuals. The Group has two divisions :
(a) Broking division, comprising air charter broking and
remarketing through the Air Partner and Cabot brands respectively;
and (b) Consulting & Training division, via the aviation safety
consultancy Baines Simmons. For reporting purposes, the Group is
structured into four divisions: Commercial Jets, Private Jets,
Freight (Broking) and Baines Simmons (Consultancy & Training).
The Commercial Jet division charters large airliners to move groups
of any size. Cabot Aviation, which is formed within the Commercial
Jet division, provides comprehensive remarketing programmes for all
types of commercial and corporate aircraft to a wide range of
international clients. Private Jets offers the company's unique
pre-paid JetCard scheme and on-demand charter. Air Partner Freight
charters aircraft of every size to fly almost any cargo anywhere,
at any time. Baines Simmons is a world leader in Aviation Safety
Consulting which specialises in aviation regulation, compliance and
safety management. Air Partner is headquartered alongside Gatwick
airport in the UK. Air Partner operates 24/7 year-round and has 20
offices globally. Air Partner is listed on the London Stock
Exchange (AIR) and is also ISO 9001:2008 compliant for commercial
airline and private jet solutions worldwide. www.airpartner.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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