REG - Gama Aviation PLC - Result of General Meeting

Gama AviationAnnouncement

15/05/2024 16:30

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RNS Number : 6059O  Gama Aviation PLC  15 May 2024

Date: 15 May 2024

Gama Aviation PLC

Gama Aviation plc (AIM: GMAA)

(Gama Aviation, the Group or the Company)

Result of General Meeting

Gama Aviation announces the results of the voting on the ordinary resolution
and the special resolution proposed at the General Meeting held on 15 May 2024
to approve a return of £32.6 million to Shareholders by way of a tender offer
and the cancellation of admission of ordinary shares to trading on AIM.

The resolutions were duly passed.  The poll results are set out below.

 Ordinary Resolution                                                              Votes for   %       Votes against  %      Votes total  % of issued share capital  Votes withheld (Note)
 1 THAT the Company be and is hereby generally and unconditionally authorised     52,893,093  99.88%  62,167         0.12%  52,955,260   82.72                      29,274
 for the purposes of section 701 of the Companies Act 2006 (the Act) to make
 one or more market purchases (within the meaning of section 693(4) of the Act)
 of its own ordinary shares of 1 pence each (ordinary shares) in the capital of
 the Company pursuant to, for the purposes of or in connection with a tender
 offer for ordinary shares on the terms and in accordance with the arrangements
 set out in the circular to the Company's Shareholders dated 29 April 2024 (the
 Circular) and the repurchase agreement as described in the Circular.
 Special Resolutions                                                              Votes for   %       Votes against  %      Votes total  % of issued share capital  Votes withheld (Note)
 2 THAT, the cancellation of the admission of the Ordinary Shares to trading on   52,893,023  99.88%  62,237         0.12%  52,955,260   82.72                      29,274
 AIM, the market of that name operated by London Stock Exchange plc, be and is
 hereby approved.

As a result of Resolution 1 having been passed, the Tender Offer is now
unconditional and the offer period has come to end for the purposes of the
Takeover Code.  The Closing Date of the Tender Offer continues to be 1.00pm
on 23 May 2024 as indicated in the Circular.

As a result of Resolution 2 having been passed, the Company is scheduled to
have its trading in its shares on AIM cancelled with effect from 7.00am on 31
May 2024.

As at 6.30 p.m. on 13 May 2024, being the voting record date for the General
Meeting, the Company's issued share capital consisted of 64,021,279 Ordinary
Shares, carrying one vote each.  Therefore, the total voting rights of the
Company were 64,021,279.

The result of the General Meeting will also be made available on the Company's
website: https://www.gamaaviation.com/investors/

The Board urges Shareholders to carefully read the Circular published on 29
April 2024, which provides information about the background to, and reasons
for, the Tender Offer.  The Circular can be found on the Company's website.

Shareholders who wish to tender their Ordinary Shares in the Tender Offer
should note that the Tender Offer remains open until 1.00 p.m. on 23 May.  In
order to tender their Ordinary Shares, Shareholders must lodge their completed
Tender Forms with the Company's receiving agent, Equiniti Limited, or submit
their instructions via CREST.

Defined Terms

Defined terms in this announcement have the same meaning as in the Circular
(unless otherwise specified).

 

For further information, contact:

 

Gama Aviation plc                                                                                             +44 125 298 4515

Marwan Khalek, Chief Executive Officer

Michael Williamson, Chief Financial Officer

Website https://www.gamaaviation.com/

 

Dial Partners LLP (Financial Adviser)
 
+44 207 098 7098

Angus Russell, Partner

Sandor de Jasay, Managing Director

 

WH Ireland Limited (Nominated Adviser and
Broker)
+44 207 220 1666

James Joyce, Director

Sarah Mather, Manager

 

Camarco
(PR)
                  +44 203 757 4992

Geoffrey Pelham-Lane

Ginny Pulbrook

 

Defined Terms

Defined terms in this announcement have the same meaning as in the Circular
(unless otherwise specified).

 

 

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