REG - Avation PLC - EQUITY ISSUE WARRANT EXERCISE DIRECTOR’S DEALING

AvationAnnouncement

18/11/2022 09:15

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RNS Number : 9024G  Avation PLC  18 November 2022

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

ISSUE OF EQUITY ON EXERCISE OF WARRANTS AND DIRECTOR'S DEALING

The Board of Avation PLC (LSE: AVAP), announces that on 18 November 2022, the
Company allotted 147,000 fully paid new ordinary shares representing 0.2% per
cent of the enlarged capital of the Company pursuant to the exercise of 2019
series staff share warrants at a price of 101.25 pence per share respectively,
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"). The exercise of these warrants provides the
Company with £148,837.50 in subscription proceeds which the Company will use
for general corporate purposes.

Application will be made for the new ordinary shares to be listed on the
standard segment of 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 25 November
2022.

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 71,845,124 ordinary shares in
issue. The Company currently holds 2,310,000 ordinary shares in treasury.
Accordingly, following Admission there will be 69,535,124 total voting rights
for the purpose of calculating shareholders' percentage voting rights.

DIRECTOR'S DEALING

Robert Jeffries Chatfield, a director, subscribed for 135,000 ordinary shares
as part of this allotment. Accordingly, his holding in ordinary shares will
increase to 12,130,001 on Admission becoming effective, which represents
approximately 16.88 per cent of the enlarged share capital.

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.

-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) .

 

 

 

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)
                                                                  £1.0125   135,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      18 November  2022
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

18 November  2022

f)

Place of the transaction

London Stock Exchange

 

 

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