REG - Avation PLC Avation PLC - AVAW - Director/PDMR Shareholding

AvationAnnouncement

30/09/2022 08:15

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RNS Number : 2600B  Avation PLC  29 September 2022

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

WARRANT GRANT AND DIRECTORS' DEALING

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company
advises that share warrants have been granted to directors and other employees
of the Company as set out below.

The grant of warrants is pursuant to the authorities and powers given by
shareholders at the Company's last annual general meeting. The warrants have
been granted subject to the Company's Remuneration Policy as long-term
incentives. The warrants were granted by the board at an exercise price of 102
pence per share, and each warrant grant is on terms that one third of the
warrants will vest at the end of each of the first three years from the date
of grant but subject always to clawback under the terms of the Company's
Remuneration Policy. The warrants are otherwise granted on customary terms for
employee share remuneration.

Details of the warrants granted to directors of the Company are as follows:

 Director    No. of Warrants  Total no. of            Shareholding upon

             being issued     Warrants held           exercise of total number of Warrants held

                              including this issue*
 Robert      1,000,000        2,950,000               14,945,001

 Jeffries

 Chatfield
 Roderick    275,000          1,325,000               2,181,667

 Douglas

 Mahoney

*Warrants are held at different exercise prices

 

A further 1,460,000 warrants have been granted to other staff members on the
same terms, with a three-year vesting period and the same exercise price.

 

Warrants in Issue

 

Following the above issue of Warrants, the total number of Warrants in issue
(including the bondholder warrants) is 14,072,408 equating to 16.4% of the
Company's enlarged share capital assuming full exercise of all warrants.

 

The Company further notes that during the COVID period, 3,146,995 of the
previously granted staff warrants expired without exercise due to their
exercise price being higher than the market price of the Company's shares
during the period.

 

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 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

 

-ENDS-

Enquiries:

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

Avation welcomes shareholder questions and comments and advises the email
address is: investor@avation.net

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) .

 

 

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  Warrants to subscribe for ordinary shares

     Identification code                                          N/A
 b)  Nature of the transaction                                    Grant of warrants to subscribe for ordinary shares

 c)  Price(s) and volume(s)                                       Price(s)             Volume(s)
                                                                  Exercise price 102p  1,000,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      29 September 2022
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

29 September 2022

f)

Place of the transaction

London Stock Exchange

 

 

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         Roderick Mahoney
 2.  Reason for the notification
 a)  Position / status                                            Executive 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  Warrants to subscribe for ordinary shares

     Identification code                                          N/A
 b)  Nature of the transaction                                    Grant of warrants to subscribe for ordinary shares

 c)  Price(s) and volume(s)                                       Price(s)             Volume(s)
                                                                  Exercise price 102p  275,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      29 September 2022
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

29 September 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

 

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