REG - Avation PLC - VOTING RIGHTS, DIRECTOR APPOINTS, ANALYST QUESTION

AvationAnnouncement

14/12/2022 08:15

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RNS Number : 6737J  Avation PLC  14 December 2022

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

TOTAL VOTING RIGHTS, DIRECTOR APPOINTMENT, RESPONSE TO ANALYST QUESTION

DIRECTOR APPOINTMENT

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company
advises that it has appointed Mr. Mark Shelton as a non-executive Director of
the Company with immediate effect.

Mr. Shelton has held Chief Executive and Chief Financial Officer roles in a
variety of industries both in publicly listed and private companies. These
industries have included finance, media, aviation, continuous surface mining
and fuel distribution.

Mr. Shelton held the position of CEO of Skywest Airlines and was instrumental
in forming the Virgin Australia Regional Airlines ATR 72 network.

RESPONSE TO ANALYST QUESTION

In response to an analyst's question at the Company's annual general meeting,
the Company clarified that it does not expect any further material impact on
the timetable for deliveries of its aircraft being transitioned or sold, as a
result of the wider industrial issues with aircraft servicing and repair
workshops.

CANCELLATION OF TREASURY SHARES AND TOTAL VOTING RIGHTS

The Company further advises that its Directors have resolved to cancel the
Company's entire holding or treasury shares, being 2,310,000 ordinary shares.
Following such cancellation, there are 69,535,124 ordinary shares in the
capital of the Company in issue and there are 69,535,124 total voting rights
for the purpose of calculating shareholders' percentage voting rights.

 

-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) .

 

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