Admission of New Ordinary Shares

RNS Number : 8577D
Avation PLC
30 March 2011
 



30 March 2011

 

AVATION PLC

(the "Company")

 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL


Admission of New Ordinary Shares

Further to the Company's announcement on 25 March 2011 of the publication of the prospectus (the "Prospectus") in relation to the placing of 10,000,000 new ordinary shares in the capital of the Company (the "Placing") at a price of 100 pence per share (the "Placing Shares"), and in accordance with the Prospectus, the Company announces that the listing of the Placing Shares to the standard segment of the Official List of the UK Listing Authority (the "UKLA") and the admission of the Placing Shares to the London Stock Exchange's main market for listed securities became effective and that dealings commenced at 8:00 a.m. today.

The Placing Shares rank pari passu in all respects with the existing ordinary shares of the Company with ISIN GB00B196F554.

As at today's date, the Company has in issue 38,532,220 ordinary shares.

The directors of the Company take responsibility for the contents of this announcement.

 

ENQUIRIES

 

Avation PLC:


Jeff Chatfield (Chairman)

+44(0) 7783 942 553



WH Ireland Limited:


Harry Ansell (Stockbroker)                                              James Joyce (Stockbroker)                                             

+44(0) 20 7220 1670
+44(0) 20 7220 1666



Media:


Laura Stevens & Giang Nguyen
(Bishopsgate Communications)

+44(0) 20 7562 3350

 

 

Avation PLC

 

 

DISCLAIMER

This announcement does not constitute an offer to sell or an invitation to subscribe for, or the solicitation of an offer or invitation to buy or subscribe for, Placing Shares in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, publication or approval requirements on the Company and/or WH Ireland Limited (in its capacity as the placing agent).

The distribution of this announcement in jurisdictions other than the United Kingdom, including the United States, Australia, Canada, India, Japan, New Zealand or the Republic of South Africa, may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any of those restrictions. Any failure to comply with any of those restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Placing Shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under the relevant laws of any state or other jurisdiction of the United States or under applicable securities laws of any state, province or territory of Australia, Canada, India, Japan, New Zealand or the Republic of South Africa and, accordingly, subject to certain exceptions, the Placing is not being made, and none of the Placing Shares may be offered, sold, resold, delivered or transferred, directly or indirectly, in or into the United States, Australia, Canada, India, Japan, New Zealand or the Republic of South Africa or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction.

WH Ireland Limited, which is authorised and regulated by the Financial Services Authority of the United Kingdom, is acting exclusively for the Company and for no one else as placing agent in relation to the Placing and the listing of the Placing Shares on the Official List of the UKLA and their admission to trading on the London Stock Exchange's main market for listed securities, and will not be responsible to any other person for providing the protections afforded to clients of WH Ireland Limited nor for providing advice in connection with the Placing, proposed listing or admission to trading or contents of this announcement or any other matters referred to in this announcement.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Avation (AVAP)
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