Employee Stock Option/ Share Scheme::ISSUE OF EQUITY ON EXERCISE OF WARRANTS

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
Employee Stock Option/ Share Scheme
Date &Time of Broadcast
29-Sep-2016 14:09:06
Status
New
Announcement Sub Title
ISSUE OF EQUITY ON EXERCISE OF WARRANTS
Announcement Reference
SG160929OTHR53U3
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
29/09/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Avation PLC (LSE: AVAP), announces that on 29 September 2016, the Company allotted 200,000 fully paid new ordinary shares representing 0.36 per cent of the enlarged capital of the Company pursuant to the exercise of employee warrants at a price of 110 pence per share, 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 standard segment of the Official List 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 prior to 20 November 2016.

Following Admission, there will be a total of 55,985,227 ordinary shares in issue, of those 600 remain in treasury. For the purposes of calculating Total Voting Rights shareholders may use the number 55,984,267 as the total number of shares in issue from the date of Admission.

Attachments

avap_rns_exercise of warrant_29Sep16.pdf
Total size =70K