Business
WARRANT GRANT AND DIRECTORS' DEALING
WARRANT GRANT AND DIRECTORS' DEALING.
About this update from Avation Plc
[{"type":"text","content":"\n \n \n \n Via RNS and SGXNET\n \n \n \n \n AVATION PLC\n \n \n \n \n (\"Avation\" or \"the Company\")\n \n \n \n \n \n \n \n WARRANT GRANT AND DIRECTORS' DEALING\n \n \n \n Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that 715,000 share warrants have been granted to directors and other employees of the Company as set out below.\n \n \n The grant of warrants is pursuant to the authorities and powers given by shareholders at the Company's last annual general meeting. The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives. The warrants were granted by the board at an exercise price of\n 126\n pence per share, and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on customary terms for employee share remuneration.\n \n \n Details of the warrants granted to directors of the Company are as follows:\n \n \n \n \n \n \n Director\n \n \n \n \n No. of\n \n \n Warrants\n \n \n being issued\n \n \n \n \n Total no. of\n \n \n Warrants held\n \n \n including this issue*\n \n \n \n \n Shareholding upon\n \n \n exercise of total number of Warrants held\n \n \n \n \n % of issued share\n \n \n capital upon\n \n \n exercise of Warrants\n \n \n \n \n \n \n Robert\n \n \n Jeffries\n \n \n Chatfield\n \n \n \n \n 230,000\n \n \n \n \n 2,730,000\n \n \n \n \n 14,960,001\n \n \n \n \n 17.85%\n \n \n \n \n \n \n Mark Stephen\n \n \n Shelton\n \n \n \n \n 18,000\n \n \n \n \n 68,000\n \n \n \n \n 72,500\n \n \n \n \n 0.09%\n \n \n \n \n \n \n Roderick\n \n \n Douglas\n \n \n Mahoney\n \n \n \n \n 25,000\n \n \n \n \n 1,170,000\n \n \n \n \n 2,058,000\n \n \n \n \n 2.46%\n \n \n \n \n \n \n *Warrants are held at different exercise prices\n \n \n \n \n \n A further 442,000 warrants have been granted to other staff members on the same terms, with a three-year vesting period (the first tranche vesting on the anniversary of the date of grant) and the same exercise price.\n \n \n \n \n \n Warrants in Issue\n \n \n \n \n \n Following the above issue of Warrants, the total number of Warrants in issue (including the bondholder warrants) is\n 13,...