General Announcement::DIVIDEND CURRENCY

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Jan-2017 15:58:12
Status
New
Announcement Sub Title
DIVIDEND CURRENCY
Announcement Reference
SG170116OTHRB8IW
Submitted By (Co./ Ind. Name)
DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
13/01/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that future dividends will be paid by the Company in US Dollars ("USD"). Avation's functional currency is USD and its assets, liabilities and revenues are denominated in USD. Recognising that Avation's business is USD denominated and to reduce exchange rate volatility risk to shareholders Avation's Board of Directors has resolved to declare and pay future dividends in USD.

Shareholders who prefer to receive dividends in British Pounds ("GBP") will be given an option to elect to receive GBP. For shareholders who elect GBP dividend payments the exchange rate for conversion of the USD dividend to GBP will be published by the Company in advance of payment. Shareholders or their nominee may provide an election to receive payment in GBP. The form of election to receive GBP can be found on the Company's website at:

www.avation.net/dividends.html

The Company's share registrar Computershare also offers a separate and distinct currency conversion service for additional currency conversions. Details of that service are available from Computershare.

Attachments

avap_rns_USD dividend_Jan17.pdf
Total size =98K