Exercise of Warrants and Issue of Equity

RNS Number : 8053J

Strat Aero PLC

22 December 2015

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

22 December 2015

Strat Aero plc ("Strat Aero", the "Company")

Exercise of Warrants and Issue of Equity

Strat Aero, an international aerospace services company focused primarily on the provision of training solutions, management systems and consultancy services to the international aviation market, has issued 200,000 new ordinary shares of £0.01 each ("Ordinary Shares") as a result of an exercise of 200,000 warrants exercisable at 8 pence each (the "Warrant Shares").

Application will be made for the Warrant Shares, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ('Admission').  It is expected that Admission will become effective and dealings will commence at 7:00 a.m. on 30 December 2015.

Following the issue of the Warrant Shares, the issued share capital of the Company will consist of 142,063,771 Ordinary Shares.  No shares were held in treasury at the date of this announcement.  The total current voting rights in the Company are therefore 142,063,771.

**ENDS**

For further information please visit www.strat-aero.com or contact:

Strat Aero plc	Tel: [phone]
Tony Dunleavy (Chief Executive)
Graham Peck (Chairman)
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating
Beaufort Securities Limited	Tel: [phone]
Joint Broker Jon Levinson
Elliot Hance
St Brides Partners Ltd	Tel: [phone]
Frank Buhagiar Charlotte Heap

Notes:

Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade.  Civilian, law enforcement and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023.

 

END

 

 

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