Issue of Equity on exercise of warrants by dire...
7 December 2009
AVATION PLC
("Avation" or the "Company")
ISSUE OF SHARES
The Board of Avation announces that on the 3 December 2009, the Company issued and allotted 13,500
fully paid new ordinary shares pursuant to the exercise by Giant Mix Enterprises Limited. (a
company in which Mr. Baudinette, a director of Avation, has a beneficial interest) of options at a
price of 24.5p pence per ordinary share.
The Company also issued and allotted 50,000 fully paid ordinary shares in the Company at a price
of 24.5p pence per ordinary share to Bryant James McLarty as trustee for the McLarty Family A/C,
Mr McLarty is a director of the Company.
As a consequence there are now a total of 25,619,010 shares in issue and the Directors' interests
are now 17.5%. Mr Baudinette has a beneficial interest in 620,000 shares representing 2.42% of the
issued ordinary share capital of the Company. Mr McLarty has a beneficial interest in 57,300
shares representing 0.22% of the issued ordinary share capital of the Company.
---ENDS---
The directors take responsibility for the contents of this announcement.
ENQUIRES:
AVATION PLC 07783 942 553
Jeff Chatfield, Chairman
ADVISOR 020 7628 1128
Frank Lucas, Loeb Aron & Company
Avation plc
Latest directors dealings
- 11 hours ago Johnson Matthey
- 12 hours ago Galliford Try
- 13 hours ago Galliford Try
- 13 hours ago Centrica
- 13 hours ago Smith & Nephew