REG - Avation PLC - EQUITY ISSUE ON WARRANT EXERCISE DIRECTORS DEALING

AvationAnnouncement

11/03/2025 09:15

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RNS Number : 1888A  Avation PLC  11 March 2025

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

EQUITY ISSUE ON WARRANT EXERCISE AND DIRECTORS' DEALING

The Board of Avation PLC (LSE: AVAP), announces that on 11 March 2025, the
Company allotted 278,371 fully paid new ordinary shares representing
approximately 0.37 per cent of the enlarged capital of the Company pursuant to
the exercise of staff share warrants as well as the exercise of the Company's
listed warrants (LSE:AVAW).

Pursuant to the exercise of staff warrants as set out below, the Company
allotted 264,867 fully paid new ordinary shares representing approximately
0.35 per cent of the enlarged capital of the Company:

-     216,867 series 2022 warrants at an exercise price of 102 pence per
share

-     38,000 series 2023 warrants at an exercise price of 126 pence per
share

-     5,000 series 2023 warrants at an exercise price of 125.5 pence per
share

-     5,000 series 2024 warrants at an exercise price of 118 pence per
share

Pursuant to the exercise of 13,504 listed warrants, the Company allotted a
further 13,504 fully paid new ordinary shares representing approximately 0.02
per cent of the enlarged capital of the Company. The listed warrants have an
exercise price of 114.5 pence per share.

The exercise of the staff and listed warrants provides the Company with
£296,721.42 in proceeds which the Company will use for general corporate
purposes.

The allotments of shares are conditional only on admission of the new shares
to the Official List and to trading on the London Stock Exchange's main market
for listed securities becoming effective ("Admission"). Application will be
made for the new ordinary shares to be listed on the Official List of the UK
Listing Authority and to be admitted to trading on the London Stock Exchange's
main market for listed securities. It is expected that Admission will become
effective and that dealings in the new ordinary shares will commence on or
around 19 March 2025.

The new ordinary shares will, when issued, rank pari passu in all respects
with the existing ordinary shares including the right to receive dividends and
other distributions declared Following Admission.

Following Admission, there will be a total of 74,950,257 ordinary shares in
issue, with 8,130,000 shares held in treasury. Following Admission there will
be 66,820,257 total voting rights for the purpose of calculating shareholders'
percentage voting rights.

DIRECTORS' DEALING

Robert Jeffries Chatfield, a director, subscribed (via a company in which he
is interested) for 100,999 ordinary shares as part of this allotment. In
addition to this subscription, Mr Chatfield has advised the Company that the
beneficial ownership of 50,000 ordinary shares in the Company has passed to
him for nil consideration under the terms of a trust. Accordingly, his direct
and indirect holdings in ordinary shares will be 12,381,000 on Admission
becoming effective, which represents 18.53 per cent of the voting rights and
16.52 per cent of the enlarged share capital.

-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 (mailto: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 (http://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  Ordinary shares of £0.01 each

     Identification code                                          GB00B196F554 (ISIN)
 b)  Nature of the transaction                                    Exercise of warrants to subscribe for ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                  £1.02     100,999

 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      11 March 2025
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

11 March 2025

f)

Place of the transaction

London Stock Exchange

 

 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  Ordinary shares of £0.01 each

     Identification code                                          GB00B196F554 (ISIN)
 b)  Nature of the transaction                                    Transfer of beneficial ownership pursuant to the terms of a trust
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                  £NIL      50,000

 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      11 March 2025
 f)  Place of the transaction                                     NA

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

11 March 2025

f)

Place of the transaction

NA

 

 

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