Warrant Exercise And Directors’ Dealing
Avation PLC has transferred 842,997 ordinary shares from treasury to satisfy the exercise of all outstanding 2022 series staff warrants, resulting in 66,636,738 ordinary shares in issue and 4,338,999 held in treasury, with the total number of voting rights now at 62,297,739. Directors Robert Jeffries Chatfield, Roderick Douglas Mahoney, and Mark Shelton received 290,242, 88,784, and 16,142 ordinary shares respectively, increasing their holdings to 12,671,242 (20.34%), 818,784 (1.31%), and 40,982 (0.07%) of the total voting rights.
Select text to share a quote on X · sign in to keep highlights & notes in your AVAP notes
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that the Company has transferred 842,997 ordinary shares from treasury in satisfaction of the consideration for the exercise of all outstanding 2022 series staff warrants.
Following the transfer of 842,997 ordinary shares out of treasury, there is a total of 66,636,738 ordinary shares in issue, with 4,338,999 shares held in treasury. Accordingly, the number of voting rights in the Company is 62,297,739 for the purpose of calculating shareholders' percentage of voting rights.
DIRECTORS' DEALING
Robert Jeffries Chatfield, a director, received (via a company in which he is interested) 290,242 ordinary shares from treasury as part of this transaction. Accordingly, his direct and indirect holding is 12,671,242 ordinary shares in the capital of the Company, which represents 20.34 per cent of the total voting rights.
Roderick Douglas Mahoney, a director, received 88,784 ordinary shares from treasury as part of this transaction. Accordingly, his direct and indirect holding is 818,784 ordinary shares in the capital of the Company, which represents 1.31 per cent of the total voting rights.
Mark Shelton, a director, received 16,142 ordinary shares from treasury as part of this transaction. Accordingly, his direct and indirect holding is 40,982 ordinary shares in the capital of the Company, which represents 0.07 per cent of the total voting rights.
| 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 |
| a) | Name | Avation PLC |
| b) | LEI | 213800KA972GUP1B6I78 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) |
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £NIL 290,242 |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 21 November 2025 |
| f) | Place of the transaction | London Stock Exchange |
| 1. | Details of the PDMR / person closely associated | |
| a) | Name | Roderick Douglas Mahoney |
| 2. | Reason for the notification | |
| a) | Position / status | Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Avation PLC |
| b) | LEI | 213800KA972GUP1B6I78 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) |
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £NIL 88,784 |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 21 November 2025 |
| 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 | Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Avation PLC |
| b) | LEI | 213800KA972GUP1B6I78 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00B196F554 (ISIN) |
| b) | Nature of the transaction | Exercise of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £NIL 16,142 |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 21 November 2025 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.