REG - Avation PLC - ISSUE OF EQUITY ON WARRANT EXERCISE
28/11/2024 14:15
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RNS Number : 0723O Avation PLC 28 November 2024
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
ISSUE OF EQUITY ON WARRANT EXERCISE
The Board of Avation PLC (LSE: AVAP), announces that on 28 November 2024, the
Company allotted 3,692,262 fully paid new ordinary shares representing
approximately 4.94 per cent of the enlarged capital of the Company pursuant to
the exercise of 2020 and 2021 series staff share warrants at a price of 130
pence and 102 pence per share respectively. The exercise of these warrants
provides the Company with £4,690,107 in proceeds which the Company will use
for general corporate purposes.
In addition, the Company allotted a further 101,500 fully paid new ordinary
shares representing approximately 0.14 per cent of the enlarged capital of the
Company pursuant to the exercise of the Company's listed warrants (LSE: AVAW),
which have an exercise price of 114.5 pence per share. Pursuant to the warrant
instrument constituting the listed warrants there is an exercise mechanism
which allows the Company to place shares in the market to settle the warrants
being exercised. The Company therefore placed 67,738 ordinary shares providing
proceeds of £101,943 which the Company will use for general corporate
purposes.
The allotment of shares is 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 4 December 2024.
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 74,671,886 ordinary shares in
issue. Following Admission there will be 74,671,886 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 in for 1,200,000 ordinary shares as part of this allotment. In
addition to this subscription Mr Chatfield has sold 1,200,000 shares through
the market at an average price of 150 pence per share. Accordingly, his direct
and indirect holdings in ordinary shares will be 12,230,001 on Admission
becoming effective, which represents 16.38 per cent of the enlarged share
capital.
Roderick Douglas Mahoney, a director, subscribed for 750,000 ordinary shares
as part of this allotment. In addition to this subscription Mr Mahoney has
sold 750,000 shares through the market at an average price of 150 pence per
share. Accordingly, his direct and indirect holdings in ordinary shares will
be 730,000 on Admission becoming effective, which represents 0.98 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)
£1.30 1,200,000
d) Aggregated information See above
- Aggregated volume
- Price
e) Date of the transaction 28 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
28 November 2024
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 Sale of ordinary shares on market
c) Price(s) and volume(s) Price(s) Volume(s)
£1.50 1,200,000
d) Aggregated information See above
- Aggregated volume
- Price
e) Date of the transaction 28 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
28 November 2024
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)
£1.30 750,000
d) Aggregated information See above
- Aggregated volume
- Price
e) Date of the transaction 28 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
28 November 2024
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)
£1.50 750,000
d) Aggregated information See above
- Aggregated volume
- Price
e) Date of the transaction 28 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
28 November 2024
f)
Place of the transaction
London Stock Exchange
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