Notice of General Meeting

RNS Number : 5083U

Capital Lease Aviation PLC

16 October 2014

 



RNS: CLA

16 October 2014

CAPITAL LEASE AVIATION PLC

(the "Company")

Notice of General Meeting

Capital Lease Aviation PLC announces that it will be holding a General Meeting at 10.00 a.m. (UK time) on 3 November 2014 at 510 Thomson Road #12-04 SLF Buildings, Singapore to seek shareholder consent to execute market purchases of its Ordinary Shares.

At the Company's last AGM, authority was given to the Directors to make market purchases of the Company's shares and the Company part utilised this authority to purchase 1,000,000 Ordinary Shares on 15 January 2014.  However, the authority only permitted such purchases at maximum price of 15 pence per Ordinary Share.  The market price of the Company's Ordinary Shares as at 15 October 2014 (being the latest practicable date before publication of this document) was 20 pence.  Therefore, the Board is, subject to Shareholder consent at the General Meeting, considering making market purchases of Ordinary Shares at 20.5 pence per Ordinary Share following the General Meeting.

The maximum aggregate number of Ordinary Shares which may be purchased by the Company is 30,000,000 representing approximately 30 per cent. of the issued share capital of the Company (excluding treasury shares). The maximum and minimum price that the Company will pay for each Ordinary Share is 20.5 pence.

Notice of the Annual General Meeting and copies of the Annual Report are available on the Company's website at http://cl-aviation.com/.  

-ENDS-

More information on Capital Lease Aviation PLC can be seen at: www.cl-aviation.com 

Enquiries:

Capital Lease Aviation PLC Jeff Chatfield, Executive Chairman	[phone]
Nominated Adviser James Joyce, W H Ireland	[phone]
Company Stockbroker W H Ireland	[phone]
Blytheweigh Tim Blythe / Eleanor Parry	[phone]

 

END

 

 

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