Avation PLC WARRANT GRANT AND DIRECTORS' DEALING (0279S)
01 Novembre 2023 - 9:38AM
UK Regulatory
TIDMAVAP
RNS Number : 0279S
Avation PLC
01 November 2023
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 485,000 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 125.50 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 Total no. of Shareholding % of issued
Warrants Warrants held upon share
being issued including this exercise of capital upon
issue* total number exercise of
of Warrants Warrants
held
Robert
Jeffries
Chatfield 300,000 2,730,000 15,260,001 18.11%
--------------- ----------------- --------------- ---------------
Mark Stephen
Shelton 25,000 93,000 97,500 0.12%
--------------- ----------------- --------------- ---------------
*Warrants are held at different exercise prices
A further 160,000 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.
Total Warrants in Issue
Following the above issue of Warrants, the number of Warrants in
issue to staff is 7,510,000. There are also 5,857,408 Bondholder
listed warrants (under code: AVAW.L). Assuming full exercise of all
staff and Bondholder warrants this equates to 15.87 % of the
Company's enlarged share capital. For transparency the Company
intends to merge these two classes of securities prior to the end
of 2023, which will reduce the total number of warrants in
issue.
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.
-S -
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 Warrants to subscribe for ordinary shares
Identification code 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 1 November 2023
------------------------------------------------------------ ---------------------------------------------------
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 Warrants to subscribe for ordinary shares
Identification code 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 25,000
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information See above
* Aggregated volume
* Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 1 November 2023
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------------------------------ ---------------------------------------------------
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November 01, 2023 04:38 ET (08:38 GMT)
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