Avaw Warrants Exercise
Avation PLC has allotted 173,618 new ordinary shares, representing approximately 0.26% of its enlarged capital, due to the exercise of its listed warrants. These new shares will be admitted to trading on the London Stock Exchange around December 31, 2025, and will rank pari passu with existing shares. Following admission, the company will have 66,810,356 ordinary shares in issue, with 4,338,999 held in treasury, resulting in 62,471,357 total voting rights and 4,904,024 AVAW Warrants remaining outstanding.
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that the has Company allotted 173,618 fully paid new ordinary shares representing approximately 0.26 per cent of the enlarged capital of the Company pursuant to the exercise of the Company's listed warrants (LSE:AVAW) ("AVAW Warrants").
The allotments of shares are 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"). Application will be made for the new ordinary shares to be listed on 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 31 December 2025.
Following Admission, there will be a total of 66,810,356 ordinary shares in issue, with 4,338,999 shares held in treasury. Following Admission there will be 62,471,357 total voting rights for the purpose of calculating shareholders' percentage voting rights. Following Admission there will be 4,904,024 AVAW Warrants outstanding.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.