Warrant Exercise And Directors’ Dealing
Avation PLC announced the allotment of 86,058 new ordinary shares on May 12, 2026, due to the exercise of staff share warrants, with all warrants from this series now exercised or lapsed. Following admission to the London Stock Exchange, expected around May 19, 2026, the company will have 60,105,058 total voting rights. Directors Robert Jeffries Chatfield, Roderic Douglas Mahoney, and Mark Stephen Shelton subscribed for 29,616, 25,000, and 1,224 ordinary shares respectively, increasing their holdings to represent 21.13%, 1.40%, and 0.07% of total voting rights.
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Avation PLC (LSE: AVAP, Avation or "the Company"), the commercial passenger aircraft leasing company announces that on 12 May 2026, the Company allotted 86,058 fully paid new ordinary shares representing approximately 0.143 per cent of the total voting rights of the Company pursuant to the exercise of series 2023 staff share warrants. All warrants from this series have now been exercise or have lapsed.
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 19 May 2026.
Following Admission there will be 66,921,124 ordinary shares in issue with 6,816,066 held in treasury and total voting rights of 60,105,058.
DIRECTORS' DEALING
Robert Jeffries Chatfield, a director, subscribed (via a company in which he is interested) for 29,616 ordinary shares as part of this allotment. Accordingly, his direct and indirect holdings in ordinary shares will be 12,700,858 on Admission becoming effective, which represents 21.13 per cent of total voting rights.
Roderic Douglas Mahoney, a director, subscribed for 25,000 ordinary shares as part of this allotment. Accordingly, his direct and indirect holdings in ordinary shares will be 843,784 on Admission becoming effective, which represents 1.40 per cent of the total voting rights.
Mark Stephen Shelton, a director, subscribed for 1,224 ordinary shares as part of this allotment. Accordingly, his direct and indirect holdings in ordinary shares will be 42,206 on Admission becoming effective, 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) £1.26 £NIL 15,000 14,616 | ||||
| d) | Aggregated information | See above | ||||
| - Aggregated volume | ||||||
| - Price | ||||||
| e) | Date of the transaction | 12 May 2026 | ||||
| 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 | Transfer of beneficial ownership pursuant to the terms of a trust | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | See above | ||||
| - Aggregated volume | ||||||
| - Price | ||||||
| e) | Date of the transaction | 12 May 2026 | ||||
| f) | Place of the transaction | NA | ||||
| 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 | Transfer of beneficial ownership pursuant to the terms of a trust | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) £NIL 1,224 | ||||
| d) | Aggregated information | See above | ||||
| - Aggregated volume | ||||||
| - Price | ||||||
| e) | Date of the transaction | 12 May 2026 | ||||
| f) | Place of the transaction | NA | ||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.