Holding(s) in Company

Avation

08/10/2025 07:00

RNS Number : 4557C

Avation PLC

07 October 2025

 



 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Avation PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification(please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligationiv
Name
1. Rangeley Capital LLC
2. Christopher C. DeMuth Jr.
(together, "Rangeley")
acting in concert with
3. Jeremy Michael Kersten Raper
City and country of registered office (if applicable)
New Canaan, United States of America
4. Full name of shareholder(s)(if different from 3.)v
Name
Jefferies LLC (in respect of Rangeley)
City and country of registered office (if applicable)
New York, United States of America
5. Date on which the threshold was crossed or reachedvi:
03 Oct 2025
6. Date on which issuer notified (DD/MM/YYYY):
07 Oct 2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% ofvoting rights throughfinancial instruments
 (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B)vii
Resulting situation on the date on which threshold was crossed or reached
10.28%
N/A
10.28%
6,675,570
Position of previous notification (if
applicable)
12.88%
N/A
12.88%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
 shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GB00B196F554
6,675,570
N/A
10.28%
N/A
SUBTOTAL 8. A
6,675,570
10.28%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Physical or cash
Settlementxii
Number of voting rights
% of voting rights
SUBTOTAL 8.B.2


 

9. Information in relation to the person subject to the notification obligation(please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)xiv
X
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Chain 1
Christopher C. DeMuth Jr.
10.07%
N/A
10.07%
Rangeley Capital LLC
10.07%
N/A
10.07%
Chain 2
Jeremy Michael Kersten Raper
0.21%
N/A
0.21%
10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Rangeley Capital LLCandJeremy Michael Kersten Raper have a common policy towards the management of the issuer in relation to their respective holdings in the issuer and are therefore to be treated as acting in concert pursuant to DTR 5.2.1(a).As such, the disclosure in sections 7 and 8 of this form reflects their aggregated position.


 

Place of completion
United States of America
Date of completion
07 Oct 2025

 

 

 

 

 

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