21 February 2013
("AVATION" or "THE COMPANY")
Issue of Equity on exercise of Warrants by Directors
The Board of Avation PLC (LSE: AVAP), announces that on 21 February 2013, the Company allotted
60,510 fully paid new ordinary shares pursuant to the exercise of Warrants at a price of sixty-
seven and a half pence per share (67.5p), conditional only on admission of the new shares to the
Official List and to trading on the London Stock Exchange's main market for listed securities
becoming effective ('Admission').
Pursuant to the exercise of the warrants, 60,510 new ordinary shares (representing 0.14% of the
enlarged issued share capital of the Company) to Epsom Assets Ltd, a company in which Mr.
Chatfield has an interest, were allotted.
Following Admission, Mr Chatfield's will be interested in 16% of the Company (with 7,100,001
Application will be made for the new ordinary 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 expected that Admission will become effective and that dealings in the new
ordinary shares will commence at 8:00 a.m. on 28 February 2013.
Following Admission, there are will be a total of 44,434,973 ordinary shares in issue. For the
purposes of calculating Total Voting Rights shareholders may use the number 44,434,973 as the
total number of shares in issue from the date of Admission.
Jeff Chatfield, Chairman +44 7783 942 553
Alex Walters +44 20 7839 9260
+44 (0) 7771 713 608
Further information on Avation PLC can be seen at: www.avation.net.
Avation PLC is registered in England and Wales with an Operational Headquarters in
Avation was formed in 2006 as an aircraft lessor. Avation was admitted to the Standard segment of
the Official List of the London Stock Exchange in October 2010. The Company's main activity is an
operating lessor of commercial passenger aircraft to airlines across Europe, the US and Australia.
Early in 2011 the company entered into an agreement with Skywest Airlines to provide a fleet of up
to eighteen new aircraft to operate along the East Coast of Australia on behalf of Virgin