Director's Dealings

RNS Number : 9960A

Strat Aero PLC

02 October 2015

 



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

2 October 2015

Strat Aero plc ("Strat Aero", the "Company" or the "Group"

Director's Dealings

Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, is pleased to announce that the Chief Executive Officer of the Company, Tony Dunleavy, purchased 200,000 ordinary shares of 1 penny each in the Company ('Ordinary Shares') at a price of 5.75 pence each on 30 September 2015 and 130,000 Ordinary Shares at a price of 6.15 pence each on 1 October 2015.

Following these purchases, Tony Dunleavy holds an aggregate of 330,000 Ordinary Shares representing 0.39 per cent of the issued ordinary share capital of the Company.

Enquiries:

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 Unmanned Aerial System ('UAS') training solutions, airline management systems and consultancy services to the international aviation market.  The Company has three existing divisions: UAS Pilot Training and Services; Aviation Software, Products; and Services and Aviation Management and Consultancy Services. 

The Company is looking to capitalise on opportunities resulting from the forecasted strong growth in the airline industry and in particular, the predicted exponential growth in the emerging UAV industry 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. 

 

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