REG - Avation PLC - Issue of Equity

AvationAnnouncement

24/06/2024 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240624:nRSX6287Ta&default-theme=true

RNS Number : 6287T  Avation PLC  24 June 2024

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

ISSUE OF EQUITY AND CANCELLATION OF TREASURY SHARES

The Board of Avation PLC (LSE: AVAP), announces that on 24 June 2024, the
Company allotted 60,000 fully paid new ordinary shares representing
approximately 0.08 per cent of the enlarged capital of the Company pursuant to
the exercise of 2022 series staff share warrants at a price of 102 pence per
share, 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"). The exercise of these warrants
provides the Company with £61,200.00 in subscription proceeds which the
Company will use for general corporate purposes.

Application will be made for the new ordinary shares to be listed on the
standard segment of the Official List of the UK Listing Authority 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 around 27 June 2024.

The new ordinary 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.

CANCELLATION OF TREASURY SHARES AND TOTAL VOTING RIGHTS

The Board also advises that on 24 June 2024, it has cancelled 65,000 ordinary
shares which were held in treasury.

Following Admission and the cancellation of treasury shares, there will be a
total of 70,878,124 ordinary shares in issue with no shares held in treasury.
Following Admission there will be 70,878,124 total voting rights for the
purpose of calculating shareholders' percentage voting rights.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive
Chairman
+65 6252 2077

Avation welcomes shareholder questions and comments and advises the email
address for questions is: investor@avation.net (mailto:investor@avation.net)
and the Company provides an investor Q & A during the conference call
associated with release of results. The head office telephone number is +65
62522077.

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 is
available at www.avation.net (http://www.avation.net) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEBDGDLBBDDGSS