Issue of Equity

RNS Number : 4398Y

Hangar 8 Plc

01 March 2012

 



1 March 2012

HANGAR 8 PLC (AIM: HGR8)

("Hangar8" or "the Company")

Issue of Equity

Further to the Company's announcement regarding acquisition of Star-Gate Aviation Close Corporation ("Star-Gate"), the Company will issue 120,930 ordinary shares of 1 pence each to Arthur Christopher Perry, the sole shareholder of Star-Gate, as part of the consideration for the acquisition (the "Star-Gate Shares"). 

The Star-Gate Shares will rank pari passu in all respects with the Company's existing issued ordinary shares.  Application will be made to the London Stock Exchange for the admission of the Star-Gate Shares to trading on AIM and it is expected that admission will occur and that dealings will commence at 8.00 a.m. on 8 March 2012.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company announces that following the issue of the Star-Gate Shares, the Company will have 6,454,264 Ordinary Shares in issue ("Enlarged Share Capital").

The Company has no ordinary shares held in treasury.  The total number of voting rights in the Company will therefore be 6,454,264. This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.        

For further information please visit www.hangar8.co.uk or contact:

Hangar 8 plc	Tel: [phone]
Philip Brady / Dustin Dryden
Daniel Stewart and Company plc	Tel: [phone]
Paul Shackleton / James Thomas
Tavistock Communications	Tel: [phone]
Simon Hudson / Simon Compton

NOTES TO EDITORS

About Hangar8:

Established in 2002, Hangar8 is one of Europe's leading operators of private jets.  With worldwide capabilities, Hangar8 operates some of the newest, safest and most desirable aircraft available for those who appreciate and understand the value of provenance. With aircraft based worldwide and fleet bases at Oxford, Luton, Biggin Hill, Edinburgh, Guernsey, Jersey, Nice, Almaty, Kiev, Dubai, Krasnodar, Mumbai, Abuja, Lagos and Moscow airports, Hangar8 is not only ideally situated but has at its disposal some of the finest terminal facilities.

Hangar8's ambition is to have the right aircraft within one and a half hours of any customer wherever they are in the World, outside the Americas and Australasia.  The Company plans to achieve this through organic growth and through consolidating the fragmented sector in which it operates.

Hangar8 now operates 30 private jets - a modern fleet maintained to the highest standards.  Hangar8's aircraft types differ in size and range offering a complement of capabilities from short European hops to trans-continental voyages.

Hangar8's clients come from a wide variety of backgrounds including music, sport and corporate - all of whom expect and receive the same level of exemplary service.

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