Issue Of Equity On Warrants Exercise
Avation allotted 1,462,956 new ordinary shares following exercise of listed warrants, representing approximately 2.41% of the Company's enlarged capital; Admission is expected on or around 13 November 2026. The new shares rank pari passu with existing shares. After Admission there will be 60,683,757 ordinary shares in issue (100,000 held in treasury) and 60,583,757 total voting rights. No AVAW Warrants remain outstanding.
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Avation PLC (LSE: AVAP, "Avation" or "the Company"), the commercial passenger aircraft leasing company, announces that the Company allotted 1,462,956 fully paid new ordinary shares representing approximately 2.41 per cent of the Company's enlarged capital pursuant to the exercise of the Company's listed warrants (the "AVAW Warrants").
The issue of the new shares is subject to their admission to the Official List and to trading on the London Stock Exchange's main market for listed securities becoming effective ("Admission"). It is expected that Admission will become effective and dealings in the new ordinary shares will commence on or around 13 November 2026.
The new ordinary shares rank pari passu in all respects with the existing ordinary shares including the right to receive dividends and other distributions declared following Admission.
Following Admission, there will be a total of 60,683,757 ordinary shares in issue, with 100,000 shares held in treasury and 60,583,757 total voting rights. No AVAW Warrants remain outstanding.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.