Avation PLC - ISSUE OF EQUITY ON EXERCISE OF WARRANTS
ISSUE OF EQUITY ON EXERCISE OF WARRANTS, GRANT OF WARRANTS AND DIRECTOR'S DEALING
The Board of
Application will be made for the new ordinary shares to be listed on the standard segment of the Official List of the
The new ordinary 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.
Following Admission, there will be a total of 64,879,942 ordinary shares in issue. The Company currently holds 850,500 ordinary shares in treasury. Accordingly, following Admission there are 64,029,442 total voting rights for the purpose of calculating shareholders' percentage voting rights.
The holding of
WARRANT GRANT AND DIRECTORS' DEALING
The Company further 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 2018 annual general meeting.
The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives. The warrants were granted by the board on
Details of the warrants granted to directors are as follows:
A further 525,000 warrants have been granted to other employees on the same terms, with a three-year vesting period and
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