Admission of Placing Shares to Trading on AIM

RNS Number : 5095G

Gama Aviation PLC

02 March 2018

 

2 March 2018

Gama Aviation Plc (AIM: GMAA)

Admission of Placing Shares to Trading on AIM

Gama Aviation Plc ("Gama Aviation" or the "Company"), the global business aviation services provider, is pleased to announce the Admission of 19,591,837 new ordinary shares of one pence each in the Company to trading on AIM at 8:00am today. Accordingly, the Company has successfully raised gross proceeds of £48 million pursuant to the Placing. The gross proceeds of the Placing will be used to accelerate the group's strategy of becoming the leading global business aviation services group.

Following the Placing, the Company's Enlarged Issued Share Capital will comprise 63,611,279 Ordinary Shares. No Ordinary Shares are held in treasury. Accordingly, this figure of 63,611,279 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the AIM Rules for Companies or the FCA's Disclosure Guidance and Transparency Rules.

Further to Admission occurring, Mr Simon To has also become a director of the Company with effect from Admission pursuant to the terms of the Relationship Agreement entered into with Hutchison Whampoa (China) Limited on 9 February 2018.

Capitalised terms used but not defined in this announcement have the meaning set out in the Circular published by the Company and dated 12 February 2018.

For more information contact:

Gama Aviation Plc                                           [phone]

Marwan Khalek, Chief Executive Officer

Camarco                                                          [phone]

Ginny Pulbrook

Geoffrey Pelham-Lane

Jefferies International                                     [phone]

Simon Hardy

Will Soutar

Gama Aviation - Notes to Editors

Gama Aviation Plc (LSE AIM:GMAA) is a global business aviation services company that specialises in providing support for individuals, corporations and government agencies; allowing them to deliver on the promises they make.

The Company has two divisions: Air and Ground. Air services include: aircraft management, special mission support and charter; with Ground services covering: base & line aircraft maintenance services, aircraft modification design and installation and Fixed Base Operations (FBO).

More details can be found at:  http://www.gamaaviation.com/

 

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