Acquisition of shares in Capital Lease Aviation

RNS Number : 6674S

Avation PLC

26 September 2014

 



AVAP 

25 September 2014

AVATION PLC

("AVATION" or "THE COMPANY")

Acquisition of shares in Capital Lease Aviation PLC and issue of equity

Avation PLC, the aircraft leasing company, announces that it has agreed to acquire   351,900 ordinary shares in aircraft lessor Capital Lease Aviation PLC (AIM: CLA), increasing its interest in the voting rights in CLA's issued share capital to 95.1 per cent.

The CLA shares were acquired through the market at a price of 0.205 pence in cash (the "Cash Purchase"). Settlement of the Cash Purchase will be on normal market terms.

---ENDS---

Enquiries:

Avation PLC - Jeff Chatfield, Chairman	[phone]
WH Ireland - Harry Ansell / James Joyce	[phone]
Cenkos - Guy Briselden	[phone]
Blytheweigh - Tim Blythe / Eleanor Parry	[phone]

 

END

 

 

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