REG - Gama Aviation PLC - Potential Acquisition

Gama AviationAnnouncement

24/05/2024 15:00

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RNS Number : 9006P  Gama Aviation PLC  24 May 2024

24(th) May 2024

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under Article 7 of the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018.

 

Gama Aviation Plc (AIM: GMAA)

("Gama Aviation" or the "Company" or "Group")

 

Potential Acquisition

 

The Board of Gama Aviation is aware of industry market speculation and
confirms that it is in discussions to acquire the business of Tyrolean Jet
Services ("TJS"). TJS is an Austrian provider of aircraft management and
charter services.

 

The Company's interest in TJS is consistent with the Group's strategy to grow
its Aircraft Management & Charter business.

 

Discussions between the Group and TJS are ongoing, and they remain subject to
further negotiations, diligence, and Board approval; as such they are not
expected to be concluded until after the Company's delisting from AIM.
Accordingly, there can be no certainty any transaction will be completed and,
if it does, on what terms such a transaction might take place.

 

A further announcement will be made in due course.

 

ENDS

 

Gama Aviation
Plc
                     +44 (0) 1252 553 000

Marwan Khalek, Chief Executive

 

Camarco
                                                                             +44
(0) 20 3757 4992

Ginny Pulbrook

Geoffrey Pelham-Lane

 

WH
Ireland
                        +44 (0) 207 220 1666

James Joyce

Sarah Mather

 

Gama Aviation - Notes to Editors

 

Founded in 1983 with the simple purpose of providing aviation services that
equip its customers with decisive advantage, Gama Aviation is a highly valued
global partner to blue chip corporations, government agencies, healthcare
trusts and private individuals.

 

The Group has three global divisions: Business Aviation (Aircraft Management,
Charter, FBO & MRO), Special Mission (Air Ambulance & Rescue, National
Security & Policing, Infrastructure & Survey, Energy & Offshore);
and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight
Planning, CAM & ARC services)

 

More details can be found at: http://www.gamaaviation.com/
(http://www.gamaaviation.com/)

 

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