Directorate change
27/11/2025 07:00
RNS Number : 2575J
Avation PLC
27 November 2025
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
DIRECTOR RESIGNATION
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that Dr Stephen Fisher, a Non-Executive Director of the Company since April 2014, has retired from the Board with effect from the conclusion of the Company's Annual General Meeting held on 26 November 2025.
Dr Fisher's retirement follows the completion of more than nine years' service on the Board, consistent with the timeframes referenced in the UK Corporate Governance Code for long-standing non-executive appointments. The Board recognises this natural transition point and has been engaged in ongoing succession planning to ensure continued strong governance and oversight.
The Board wishes to express its sincere thanks to Dr Fisher for his diligent service, commitment, and valuable contribution to the Company, and wishes him well for the future.
-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 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.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under 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. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.
| 1. | Details of the PDMR / person closely associated | |||||||
| a) | Name | Robert Jeffries Chatfield | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position / status | Executive Chairman | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Avation PLC | ||||||
| b) | LEI | 213800KA972GUP1B6I78 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) | ||||||
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information | See above | ||||||
| - Aggregated volume | ||||||||
| - Price | ||||||||
| e) | Date of the transaction | 21 November 2025 | ||||||
| f) | Place of the transaction | London Stock Exchange | ||||||
| 1. | Details of the PDMR / person closely associated | |||||||
| a) | Name | Roderick Douglas Mahoney | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position / status | Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Avation PLC | ||||||
| b) | LEI | 213800KA972GUP1B6I78 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) | ||||||
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information | See above | ||||||
| - Aggregated volume | ||||||||
| - Price | ||||||||
| e) | Date of the transaction | 21 November 2025 | ||||||
| f) | Place of the transaction | London Stock Exchange | ||||||
| 1. | Details of the PDMR / person closely associated | |||||||
| a) | Name | Mark Stephen Shelton | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position / status | Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Avation PLC | ||||||
| b) | LEI | 213800KA972GUP1B6I78 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) | ||||||
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information | See above | ||||||
| - Aggregated volume | ||||||||
| - Price | ||||||||
| e) | Date of the transaction | 21 November 2025 | ||||||
| f) | Place of the transaction | London Stock Exchange | ||||||