General Announcement::PLACING OF NEW ORDINARY SHARES

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
06-Oct-2016 14:08:48
Status
New
Announcement Sub Title
PLACING OF NEW ORDINARY SHARES
Announcement Reference
SG161006OTHRPR1Q
Submitted By (Co./ Ind. Name)
AVATION PLC / DUNCAN SCOTT
Designation
GENERAL COUNSEL
Effective Date and Time of the event
06/10/2016 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 it has conditionally raised GBP 4,562,748.95 before expenses from a placing (the 'Placing') of 2,943,709 new ordinary shares in the capital of the Company (the 'Placing Shares'), at a price of 155 pence per share, through W H Ireland Limited ('WH Ireland'). The Placing is conditional, inter alia, on the Placing Shares being admitted to the standard segment of the Official List and admitted to trading on the London Stock Exchange's main market for listed securities ('Admission') and subject to a placing agreement between the Company and WH Ireland.

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 at 8.00 a.m. on 11 October 2016.

The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares including the right to receive dividends and other distributions declared following Admission. The Placing Shares will represent 5.3% of the enlarged issued share capital of the Company following Admission.

Following Admission and including the shares allotted on 29 September 2016 for which Admission will take place concurrently with the Placing Shares, there will be a total of 58,928,936 ordinary shares in issue, of those 600 remain in treasury. For the purposes of calculating Total Voting Rights shareholders may use the number 58,928,336 as the total number of shares in issue from the date of Admission.

Attachments

avap_woodcock_rns1_6oct16 whi.pdf
Total size =72K