Avation PLC
(the "'Company')
(LSE: AVAP)
Acquisition of shares in Capital Lease Aviation PLC and issue of equity
Avation PLC announces that it has agreed to acquire 10,662,112 ordinary shares in aircraft lessor Capital
Lease Aviation PLC (AIM: CLA), increasing its holding in CLA's issued share capital from 51.18% to
62.07%.
The consideration for the acquisition of the CLA shares is the allotment of 1,647,781 new ordinary shares
in the Company, representing 4.05% of the existing issued share capital of the Company (the
"Consideration Shares").
The acquisition is conditional only on admission of the Consideration Shares to the Official List and to
trading on the London Stock Exchange's main market for listed securities becoming effective
("Admission").
The Consideration Shares will be issued fully paid and rank pari passu in all respects with the Company's
existing ordinary shares in issue. Following Admission the Company's total issued share capital will be
42,374,463 ordinary shares. The Consideration Shares will represent approximately 3.89% of the enlarged
issued share capital of the Company. For the purposes of calculating Total Voting Rights shareholders may
use the number 42,374,463 as the total number of shares in issue from the date of Admission.
Application is to be arranged forthwith by AVAP for the Consideration Shares to be listed on the standard
segment of the Official List and to be admitted to trading on the London Stock Exchange's main market for
listed securities. It is anticipated that Admission of the Consideration Shares will become effective and
that dealings will commence at 8:00 a.m. on 20 January 2012.
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ENQUIRIES:
Avation PLC
Jeff Chatfield, Chairman +44 7783 942 553
W H IRELAND
Harry Ansell / James Joyce +44 20 7220 1670
Financial Public Relations
Bishopsgate Communications +44 207 562 3350
Nick Rome/Shabnam Bashir
Website
www.avation.net