Avation ( (GB:AVAP) ) just unveiled an update.
Avation PLC announced the allotment of 278,371 new ordinary shares following the exercise of staff and listed warrants, representing approximately 0.37% of the company’s enlarged capital. This exercise generated proceeds of £296,721.42, which will be used for general corporate purposes. The new shares are expected to be admitted to trading on the London Stock Exchange by 19 March 2025. Additionally, Robert Jeffries Chatfield, a director, increased his holdings to 18.53% of the voting rights through subscription and a trust transfer, reflecting significant insider engagement and potential confidence in the company’s future.
More about Avation
Avation PLC is an aircraft leasing company headquartered in Singapore. It owns and manages a fleet of commercial passenger aircraft, which it leases to airlines globally.
YTD Price Performance: -3.29%
Average Trading Volume: 407,699
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £97.82M
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