Avation PLC ISSUE OF EQUITY ON EXERCISE OF WARRANTS (2205I)
March 20 2018 - 3:00AM
UK Regulatory
TIDMAVAP
RNS Number : 2205I
Avation PLC
20 March 2018
AVATION PLC
("Avation" or "the Company")
ISSUE OF EQUITY ON EXERCISE OF WARRANTS
The board of directors of Avation PLC (LSE: AVAP), the
commercial passenger aircraft leasing company, announces that the
Company has allotted 144,000 fully paid new ordinary shares
representing 0.23 per cent of the enlarged share capital of the
Company pursuant to the exercise of 2015 series staff share
warrants at a price of 130 pence per share. The issue is
conditional only on admission of the new shares to the Official
List and to trading on the London Stock Exchange's main market for
listed securities becoming effective ("Admission").
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 on or prior to 26 March 2018.
Following Admission, there will be a total of 62,760,246
ordinary shares in issue and shareholders may use the same number
for the purposes of calculating Total Voting Rights.
-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 a commercial passenger aircraft leasing company,
headquartered in Singapore, owning and managing a fleet of jet and
turboprop aircraft which it leases to airlines across the world.
The Company's customers include EVA Air, easyJet, Philippine
Airlines, Air France, Air India, Condor, Flybe, Fiji Airways,
Thomas Cook, Virgin Australia, Mandarin Airlines and Vietjet Air.
More information on Avation is available at www.avation.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 20, 2018 03:00 ET (07:00 GMT)
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