(LSE: AVAP)
1 March 2012
AVATION PLC
(the "Company")
DIRECTOR'S DEALING AND REMUNERATION COMMITTEE
Directors Dealing
The board of the Company (the "Board") announces that on 28 February 2012, Roderick Douglas
Mahoney, a director of the Company, purchased 10,000 Avation PLC ordinary shares at a price of 106
pence per share.
Following this transaction, Mr Mahoney holds an interest in 110,000 shares in the Company,
representing 0.00259% of the voting rights.
Remuneration Committee
The Company announces that on 29 February 2012, the Board resolved to constitute a remuneration
committee (the "Remuneration Committee") comprised of Robert Jeffries Chatfield and Bryant James
McLarty as committee chairman
The Board believes that the establishment of the Remuneration Committee adds to its existing
framework for corporate governance and enables the Company to take further steps to comply with
the UK Corporate Governance Code.
The Remuneration Committee's terms of reference provide that it will:
* meet twice yearly
* determine the framework or broad policy for the remuneration of the Directors and the
other senior executive members of the management team;
* within the terms of the agreed policy, advise the Board as to recommended remuneration
packages for the Chairman, the Executive Directors and the other members of the management team;
and
* review the ongoing appropriateness and relevance of the remuneration policy.
---ENDS---
ENQUIRES
Avation PLC:
Jeff Chatfield, Executive Chairman +44 7783 942 553
Financial Public Relations
Cubitt Consulting
Nicholas Nelson/Chris Lane +44 20 7367 5118
Website:
www.avation.net
Avation plc