Employee Stock Option/ Share Scheme::Warrant Issue and Directors' Dealing

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
Stapled Security
No

Announcement Details

Announcement Title
Employee Stock Option/ Share Scheme
Date &Time of Broadcast
10-Sep-2018 10:29:20
Status
New
Announcement Sub Title
Warrant Issue and Directors' Dealing
Announcement Reference
SG180910OTHRMKTH
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that share warrants have been granted to directors and other employees of the Company as set out below.

The grant of warrants is pursuant to the authorities and powers given by shareholders at the Company's 2017 annual general meeting which have not been previously exercised. The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives.

The warrants were granted by the board on 6 September 2018 at an exercise price of 232 pence per share, and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on customary terms for employee share remuneration.

Details of the warrants granted are as follows:

Robert Jeffries Chatfield, Executive Chairman 760,000
Roderick Douglas Mahoney, Chief Commercial Officer 450,000

A further 1,125,000 warrants have been granted to other employees on the same terms, with a three-year vesting period and exercise price.

Attachments

AVAP_RNS_Warrant_Issue_and_Directors_Dealing_7Sep18.pdf
Total size =512K