Avation PLC Issue of Equity (8248L)
October 06 2016 - 1:00AM
UK Regulatory
TIDMAVAP
RNS Number : 8248L
Avation PLC
05 October 2016
AVATION PLC
("Avation" or "the Company")
PLACING OF NEW ORDINARY SHARES
The Board of Avation PLC (LSE: AVAP), announces that it has
conditionally raised GBP4,562,748.95 before expenses from a placing
(the "Placing") of 2,943,709 new ordinary shares in the capital of
the Company (the "Placing Shares"), at a price of 155 pence per
share, through W H Ireland Limited ("WH Ireland"). The Placing is
conditional, inter alia, on the Placing Shares being admitted to
the standard segment of the Official List and admitted to trading
on the London Stock Exchange's main market for listed securities
("Admission") and subject to a placing agreement between the
Company and WH Ireland.
Application will be made for the new ordinary shares to be
listed on the standard segment of the Official List and to be
admitted to trading on the London Stock Exchange's main market for
listed securities. It is expected that Admission will become
effective and that dealings in the new ordinary shares will
commence at 8.00 a.m. on 11 October 2016.
The Placing Shares will, when issued, rank pari passu in all
respects with the existing ordinary shares including the right to
receive dividends and other distributions declared following
Admission. The Placing Shares will represent 5.3% of the enlarged
issued share capital of the Company following Admission.
Following Admission and including the shares allotted on 29
September 2016 for which Admission will take place concurrently
with the Placing Shares, there will be a total of 58,928,936
ordinary shares in issue, of those 600 remain in treasury. For the
purposes of calculating Total Voting Rights shareholders may use
the number 58,928,336 as the total number of shares in issue from
the date of Admission.
-ENDS-
More information on Avation can be seen at: www.avation.net
Enquiries:
Avation T: +65 6252 2077
Jeff Chatfield, Executive
Chairman
Notes to Editors:
Avation PLC
Avation PLC is a commercial passenger aircraft leasing company
owning and managing a fleet of jet and turbo prop aircraft which it
leases to airlines across the world. The Company's customers
include Vietjet Air, Thomas Cook, Air France, Condor, Air Berlin,
Flybe, Air India, Virgin Australia, Fiji Airways and UNI Air.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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