WARRANT GRANT AND DIRECTORS’ DEALING

Avation

04/09/2025 10:46

RNS Number : 0485Y

Avation PLC

04 September 2025

 

 Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

WARRANT GRANT AND DIRECTORS' DEALING

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that 655,000 share warrants have been granted to directors and other employees of the Company as set out below.

The grant of warrants is pursuant to the authorities and powers given by shareholders at the Company's last annual general meeting. The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives. The warrants were granted by the board at an exercise price of 160 pence per share, and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on customary terms for employee share remuneration.

Details of the warrants granted to directors of the Company are as follows:

Director
No. of
Warrants
being issued
Total no. of
Warrants held
including this issue*
Shareholding upon
exercise of total number of Warrants held
% of issued share
capital upon
exercise of Warrants
Robert
Jeffries
Chatfield
300,000
2,524,001
14,905,001
19.34%
Mark Stephen
Shelton
70,000
248,000
272,840
0.35%

*Warrants are held at different exercise prices

 

A further 285,000 warrants have been granted to other staff members on the same terms, with a three-year vesting period (the first tranche vesting on the anniversary of the date of grant) and the same exercise price.

 

Warrants in Issue

 

Following the above issue of Warrants, the total number of Warrants in issue to staff is 4,939,452. There are also 5,742,404 bondholder listed warrants (under code: AVAW.L). Assuming full exercise of all staff and bondholder warrants, this equates to 13.86% of the issued capital on exercise.

 

Share Capital and Voting Rights

 

There are a total of 66,588,757 ordinary shares in issue, with 215,000 held in treasury, and there are 66,373,757 total voting rights for the purpose of calculating shareholders' percentage voting rights.

 

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 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), 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 is: investor@avation.net

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.

 

 

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
Identification code
Warrants to subscribe for ordinary shares
N/A
b)
Nature of the transaction
Grant of warrants to subscribe for ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
300,000
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
29 August 2025
f)
Place of the transaction
London Stock Exchange

 

1.
Details of the PDMR / person closely associated
a)
Name
Mark Stephen Shelton
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
Identification code
Warrants to subscribe for ordinary shares
N/A
b)
Nature of the transaction
Grant of warrants to subscribe for ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
70,000
d)
Aggregated information
See above
- Aggregated volume
- Price
e)
Date of the transaction
29 August 2025
f)
Place of the transaction
London Stock Exchange

 

 

 

 

 

 

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  END

 

 
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