Via RNS and SGXNET
AVATION PLC
("Avation" or "the
Company")
ISSUE OF EQUITY AND
CANCELLATION OF TREASURY SHARES
The Board of Avation PLC (LSE:
AVAP), announces that on 24 June 2024, the Company allotted 60,000
fully paid new ordinary shares representing approximately 0.08 per
cent of the enlarged capital of the Company pursuant to the
exercise of 2022 series staff share warrants at a price of 102
pence per share, conditional only on admission of the new shares to
the Official List and to trading on the London Stock Exchange's
main market for listed securities becoming effective ("Admission").
The exercise of these warrants provides the Company with £61,200.00
in subscription proceeds which the Company will use for general
corporate purposes.
Application will be made for the new
ordinary shares to be listed on the standard segment of the
Official List of the UK Listing Authority and to be admitted to
trading on the London Stock Exchange's main market for listed
securities. It is expected that Admission will become effective and
that dealings in the new ordinary shares will commence on or around
27 June 2024.
The new ordinary shares will, when
issued, rank pari passu in all respects with the existing ordinary
shares including the right to receive dividends and other
distributions declared Following Admission.
CANCELLATION OF TREASURY SHARES AND TOTAL VOTING
RIGHTS
The Board also advises that on 24
June 2024, it has cancelled 65,000 ordinary shares which were held
in treasury.
Following Admission and the
cancellation of treasury shares, there will be a total of
70,878,124 ordinary shares in issue with no shares held in
treasury. Following Admission there will be 70,878,124 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
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.