REG - Avation PLC - SENIOR NOTES MATURITY EXTENSION - WARRANTS LISTING

ComputershareAnnouncement

15/03/2022 08:15

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RNS Number : 8007E  Avation PLC  15 March 2022

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

 

SENIOR NOTES MATURITY EXTENSION - WARRANTS LISTING

 

Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company
announces that, further to the announcement made on 9 February 2021, it has
obtained confirmation from the UK Financial Conduct Authority ("FCA") that,
subject to the approval of a prospectus, an application for the listing of the
warrants issued to bondholders pursuant to the maturity extension exercise
(the "Bondholder Warrants") can be made, so that they would be listed in the
standard listing segment of the Official List of the FCA. This will enable the
Bondholder Warrants to be admitted to trading on the Main Market for listed
securities of the London Stock Exchange plc ("Admission"), as the final
component of the arrangement reached with bondholders under the maturity
extension exercise. There are approximately 5.5 million Bondholder Warrants in
issue and the warrants have an exercise price of 114.5 pence per ordinary
share in Avation.

 

The Company is currently undertaking a prospectus approval process with the
FCA to enable Admission to take place. The Company currently expects the
approval process to be completed in April 2022 and for Admission to take place
following such approval being given. It is currently envisaged, that new
Avation staff warrants will be issued under the same warrant instrument pari
passu with the Bondholder Warrants and be admitted to the Main Market as one
class of securities.

 

In order to be able to trade the Bondholder Warrants via CREST, holders will
need to liaise with their brokers so that the warrants can be transferred into
uncertificated form. This process will be managed by the Company's registrar,
Computershare Investor Services PLC.

 

Holders of the Bondholder Warrants are advised to refer to the notice to
warrant holders which can be found on the Company's website at the following
link:

 

https://www.avation.net/notices.html (https://www.avation.net/notices.html)

 

 

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 (mailto: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.

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