REG - Avation PLC - EXERCISE OF WARRANTS AND DIRECTORS’ DEALING

AvationAnnouncement

24/03/2023 07:00

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RNS Number : 0950U  Avation PLC  24 March 2023

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 EXERCISE OF WARRANTS AND DIRECTORS' DEALING

The Board of Avation PLC (LSE: AVAP), announces that on 23 March 2023, the
Company allotted 684,000 fully paid new ordinary shares representing
approximately 0.97 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 £692,550.00 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 29 March 2023.

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 70,883,124 ordinary shares in
issue. Following Admission there will be 70,883,124 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 300,000 ordinary shares as part of this allotment. Accordingly,
his direct and indirect holdings in ordinary shares will increase to
12,530,001 on Admission becoming effective, which represents 17.68 per cent of
the enlarged share capital.

Roderick Douglas Mahoney, a director, subscribed for 120,000 ordinary shares
as part of this allotment. In addition to this subscription Mr Mahoney has
sold 138,000 shares through the market at an average price of 129.39 pence per
share. Accordingly, his direct and indirect holdings in ordinary shares will
be 870,000 on Admission becoming effective, which represents 1.23 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)
                                                                  £1.0125   300,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      23 March 2023
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

23 March 2023

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                                            Non-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  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   120,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      23 March 2023
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

23 March 2023

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                                            Non-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  Ordinary shares of £0.01 each

     Identification code                                          GB00B196F554 (ISIN)
 b)  Nature of the transaction                                    Sale of ordinary shares on market

 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £1.2939   138,000
 d)  Aggregated information                                       See above
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      21 March 2023
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

21 March 2023

f)

Place of the transaction

London Stock Exchange

 

 

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