Holding(s) in Company
Rangeley Capital LLC, Christopher C. DeMuth Jr., and Jeremy Michael Kersten Raper, acting in concert, have crossed a threshold on October 16, 2025, regarding their holdings in Avation PLC. The notification was issued on October 20, 2025. Their total voting rights attached to shares now stand at 7.50%, representing 4,870,756 voting rights. This is a decrease from their previous notification of 10.28%. Christopher C. DeMuth Jr. holds 7.29% of the voting rights, while Jeremy Michael Kersten Raper holds 0.21%.
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Non-UK issuer
- Reason for the notification (please mark the appropriate box or boxes with an "X")
| An acquisition or disposal of voting rights | X |
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii :
Details of person subject to the notification obligation iv
| City and country of registered office (if applicable) | New Canaan, United States of America |
Full name of shareholder(s) (if different from 3.) v
| Name | Jefferies LLC (in respect of Rangeley) |
| City and country of registered office (if applicable) | New York, United States of America |
| 5. Date on which the threshold was crossed or reached vi : | 16 Oct 2025 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 20 Oct 2025 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 7.50% | N/A | 7.50% | 4,870,756 |
| Position of previous notification (if applicable) | 10.28% | N/A | 10.28% | |
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| GB00B196F554 | 4,870,756 | N/A | 7.50% | N/A |
| SUBTOTAL 8. A | 4,870,756 | 7.50% | ||
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
Chain 1
| Christopher C. DeMuth Jr. | 7.29% | N/A | 7.29% |
| Rangeley Capital LLC | 7.29% | N/A | 7.29% |
| Chain 2 | |||
| Jeremy Michael Kersten Raper | 0.21% | N/A | 0.21% |
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information xvi
| Place of completion | United States of America |
| Date of completion | 20 Oct 2025 |
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