Issue of Equity

RNS Number : 7281E

Hangar 8 Plc

14 April 2014

 

HANGAR 8 PLC (AIM: HGR8)

("Hangar8" or "the Company")

Issue of Equity

Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, announces that it has today issued the following ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"):

·      Further to the announcement on 1 March 2012 regarding the acquisition of Star-Gate Aviation
 Close Corporation ("Star-Gate"), under the terms of the acquisition agreement entered into on
 1 March 2012, the Company has today issued 10,016 Ordinary Shares to Arthur Christopher
 Perry, the vendor of Star-Gate, as further consideration for the acquisition of Star-Gate.

·      Further to the granting of options on 1 December 2011 in respect of 80,000 new ordinary
 shares of 1 pence each as incentives to certain employees of the Company, these options
 have now been exercised by the employees at the exercise price of £1.095 per share.

The above shares rank pari passu in all respects with the Company's existing issued Ordinary Shares. Application has been made to the London Stock Exchange for the admission of a total of 90,016 Ordinary Shares to trading on AIM and it is expected that admission will occur and that dealings will commence at 8.00 a.m. on 17 April 2014.

For the purposes of the FCA's Disclosure and Transparency Rules, the Company announces that following the issue of the above shares, the Company has 9,527,103 Ordinary Shares in issue with each Ordinary Share carrying the right of one vote.

The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 9,527,103. 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 FCA's Disclosure and Transparency Rules.

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

Enquiries:

Hangar 8 plc

Dustin Dryden, Chief Executive Officer                                              [phone]

Kevin Callan, Chief Financial Officer

Citigate Dewe Rogerson                                                                 [phone]

Chris Jarvis, Associate Director                                                         [phone]

Jonathon Smith, Director                                                                    [phone]

Cantor Fitzgerald Europe                                                               [phone]

Mark Percy / Catherine Leftley (Corporate Finance)

David Banks / Paul Jewell (Corporate Broking) 

 

END

 

 

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