Avation (GB:AVAP) has released an update.
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Avation PLC has announced the issuance of 3.7 million new ordinary shares following the exercise of staff and listed warrants, raising over £4.7 million for general corporate purposes. Directors Robert Chatfield and Roderick Mahoney participated by subscribing and selling significant shares, with Chatfield maintaining a 16.38% stake in the company. The new shares are set to be listed on the London Stock Exchange, expanding the company’s total voting rights.
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