Directors Dealings

RNS Number : 9922O

Strat Aero PLC

15 February 2016

 

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

15 February 2016

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 250,000 ordinary shares of 1 penny each in the Company ('Ordinary Shares') at a price of 4.25 pence each on 12 February 2016.   

Following these purchases, Tony Dunleavy holds an aggregate of 2,780,000 Ordinary Shares representing 1.96 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 Belliss
Elliot Hance
St Brides Partners Ltd	Tel: [phone]
Frank Buhagiar Susie Geliher

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.  Commercial 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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