REG - Gama Aviation PLC - Result of General Meeting

Gama AviationAnnouncement

03/11/2023 11:15

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RNS Number : 3670S  Gama Aviation PLC  03 November 2023

3 November 2023

 Gama Aviation Plc

(the "Company")

 

Result of General Meeting

 

Gama Aviation Plc, the business aviation services company, announces the
results of the voting on the resolution at the General Meeting held on 3
November 2023 to approve the disposal of the Group's US MRO Business, Gama
Aviation (Eng) Inc. ("GAEI"), trading as Jet East ("Jet East") via the sale of
Gama Group Inc. ("GGI") to West Star Aviation Enterprises, LLC ("West Star
Aviation") (the "Disposal"), as required under Rule 15 of the AIM Rules for
Companies. A poll was held on the Resolution.

 

The Resolution was duly passed by the requisite majority.  The poll
results are set out below:

 

 Resolution

 To approve the sale of Gama Group Inc. on the terms of the Sale Agreement (as
 defined and further described in the circular to shareholders dated 18 October
 2023), being a disposal resulting in a fundamental change of business for the
 purposes of Rule 15 of the AIM Rules for Companies.

 Votes for   %        Votes against  %      Votes total  % of issued share capital  Votes withheld (Note)
 52,820,775  100.00%  0              0.00%  52,820,775   82.58                      0

 

 

Note: A 'vote withheld' is not a vote under English law and is not counted in
the calculation of votes 'for' or 'against' a resolution.

 

At the date of the General Meeting, the Company's issued share capital was
63,961,279 ordinary shares of £0.01 each. Ordinary shareholders are entitled
to one vote per ordinary share held.

 

Approval of the Resolution by the Company's shareholders is the final
condition to be satisfied pursuant to the Sale Agreement in respect of the
Disposal and, as such, the Disposal is expected to complete shortly. A further
announcement will be released upon completion.

 

For further information on the Company, please visit www.gamaaviation.com or
contact:

 Gama Aviation
 Plc
     +44 (0) 1252 553000

 Marwan Khalek, Chief Executive Officer

 WH Ireland Limited (Nominated
 Adviser)                               +44 (0)
 207 220 1666

 James Joyce

 Sarah Mather

 Dial Partners LLP, Lead Financial Adviser

 Angus Russell, Partner

 Sandor de Jasay, Managing Director

 Tel: +44 207 098 7098

 Camarco (PR)

 +44 (0) 203 757 4992

 Ginny Pulbrook

Geoffrey Pelham-Lane

 

Gama Aviation - Notes to Editors

Founded in 1983 with the simple purpose of providing aviation services that
equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA)
is a highly valued global partner to blue chip corporations, government
agencies, healthcare trusts and private individuals.

 The Group has three global divisions: Business Aviation (Aircraft
Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance
& Rescue, National Security & Policing, Infrastructure & Survey,
Energy & Offshore); and Technology & Outsourcing (Flight Operations,
FBO, CAM software, Flight Planning, CAM & ARC services).

 More details can be found at:  http://www.gamaaviation.com/
(http://www.gamaaviation.com/)

 

ENDS

 

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