VOTING RIGHTS, DIRECTOR APPOINTS, ANALYST QUESTION
Via RNS and SGXNET
AVATION PLC
("Avation" or "the Company")
TOTAL VOTING RIGHTS, DIRECTOR APPOINTMENT, RESPONSE TO ANALYST QUESTION
DIRECTOR APPOINTMENT
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that it has appointed Mr. Mark Shelton as a non-executive Director of the Company with immediate effect.
Mr. Shelton has held Chief Executive and Chief Financial Officer roles in a variety of industries both in publicly listed and private companies. These industries have included finance, media, aviation, continuous surface mining and fuel distribution.
Mr. Shelton held the position of CEO of Skywest Airlines and was instrumental in forming the Virgin Australia Regional Airlines ATR 72 network.
RESPONSE TO ANALYST QUESTION
In response to an analyst's question at the Company's annual general meeting, the Company clarified that it does not expect any further material impact on the timetable for deliveries of its aircraft being transitioned or sold, as a result of the wider industrial issues with aircraft servicing and repair workshops.
CANCELLATION OF TREASURY SHARES AND TOTAL VOTING RIGHTS
The Company further advises that its Directors have resolved to cancel the Company's entire holding or treasury shares, being 2,310,000 ordinary shares. Following such cancellation, there are 69,535,124 ordinary shares in the capital of the Company in issue and there are 69,535,124 total voting rights for the purpose of calculating shareholders' percentage voting rights.
-ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises the email address for questions is: investor@avation.net and the Company provides an investor Q & A during the conference call associated with release of results. The head office telephone number is +65 62522077.
Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net .
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 11 hours ago Johnson Matthey
- 12 hours ago Galliford Try
- 12 hours ago Galliford Try
- 12 hours ago Centrica
- 13 hours ago Smith & Nephew