Avation PLC - Singapore-based aircraft leasing - Completes buyback of 7.8 million shares at 150 pence apiece, worth GBP11.7 million. The repurchased shares represent a 10.5% stake in Avation and will be held in treasury. Executive Chair Jeff Chatfield notes the shares were repurchased at a 47% discount to Avation's last reported net asset value of 285p per share, making the buyback "highly accretive to all residual shareholders".
Current stock price: 154.00p, up 1.3% in London on Wednesday
12-month change: up 24%
By Tom Waite, Alliance News editor
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Avation (AVAP)
