Avation PLC ADMISSION OF NEW ORDINARY SHARES (9597N)
September 27 2019 - 4:32AM
UK Regulatory
TIDMAVAP
RNS Number : 9597N
Avation PLC
27 September 2019
AVATION PLC
("Avation" or "the Company")
ADMISSION OF NEW ORDINARY SHARES,
TOTAL VOTING RIGHTS AND DIRECTOR'S DEALING
Further to the Company's announcement on 23 September 2019 in
relation to the allotment of 270,003 new ordinary shares in the
capital of the Company (the "New Shares"), the Company announces
that the listing of the New Shares in the standard segment of the
Official List of the UK Listing Authority and the admission of the
New Shares to trading on the London Stock Exchange's main market
for listed securities ("Admission") became effective and that
dealings commenced at 8.00 a.m. today.
The New Shares rank pari passu in all respects with the existing
ordinary shares of the Company with ISIN GB00B196F554.
Following Admission, there will be a total of 64,879,942
ordinary shares in issue. The Company currently holds 850,500
ordinary shares in treasury. Accordingly, following Admission there
are 64,029,442 total voting rights for the purpose of calculating
shareholders' percentage voting rights.
DIRECTOR'S DEALING
Roderick Mahoney, a director, increased his holding in ordinary
shares to 756,667 as part of the allotment referred to above. This
represents approximate 1.17 of the enlarged issued share capital
and was done by way of the exercise of warrants for 56,667 ordinary
shares at an exercise price of 215 pence per share. This was part
of the staff warrant exercise announced on 23 September 2019.
-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 is an aircraft leasing company, headquartered in
Singapore, owning and managing a fleet of commercial passenger
aircraft which it leases to airlines around the world.
More information on Avation can be seen at: www.avation.net.
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END
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