Result of General Meeting

RNS Number : 9266G

Strat Aero PLC

25 November 2015

 

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

25 November 2015

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

Result of General Meeting

Strat Aero plc, the AIM listed international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ("UAV") sector, is pleased to announce that all resolutions were duly passed at the Company's General Meeting ("GM") held yesterday. 

Tony Dunleavy, CEO Strat Aero, said, "We are transforming Strat Aero into the first fully integrated global solutions provider focused on the rapidly growing UAV market.  The combination of UAVs and highly innovative software and sensors are revolutionising business practices in multiple sectors, and we are positioning Strat Aero to be at the forefront of this disruptive technology.  In the short time since my appointment as CEO we have completed two key transactions: the acquisition of Geocurve, a specialist in the provision of UAV operated topographical surveys and inspection services to a blue chip customer base; and a joint venture with UAV training specialist, UAV Airways Limited.  This is just the start and I look forward to providing further updates on our progress, as we build Strat Aero into the go-to provider of UAV solutions."

- 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
Cornhill Capital Ltd
Colin Rowbury	[phone]
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. 

 

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