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LONDON - Aircraft leasing company Avation PLC (LSE:AVAP) has allotted 47,981 new ordinary shares following the exercise of its listed warrants, according to a press release statement issued by the company.
The new shares represent approximately 0.07 percent of Avation’s enlarged capital and were issued at an exercise price of 114.5 pence per share. The company’s listed warrants trade under the ticker LSE:AVAW.
Avation stated that the allotment is conditional only on admission of the new shares to the Official List and to trading on the London Stock Exchange’s main market for listed securities. The company expects admission to become effective and trading in the new shares to commence on or around September 10, 2025.
The new ordinary shares will rank equally with existing ordinary shares, including the right to receive dividends and other distributions declared.
Following the admission, Avation will have a total of 66,636,738 ordinary shares in issue, with 215,000 shares held in treasury. The company will have 66,421,738 total voting rights for calculating shareholders’ percentage voting rights.
In a separate transaction, Avation agreed to settle the exercise of 14,350 listed warrants through a cash payment. After completing the allotment of shares to exercising warrant holders, the total number of listed warrants in issue will be 5,680,073.
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