27 Jan 2017 11:26
27 January 2017
Air Partner plc
1 into 5 share split timetable and admission of new ordinary shares
Further to the announcement on 25 January 2017, Air Partner plc (the "Company") confirms the expected timetable for the share split of the share capital of the Company (the "Share Split") when each ordinary share of 5p each in the capital of the Company will be split into five new ordinary shares of 1p each ("New Ordinary Shares"). It is expected that the Share Split will become effective at 8.00 am on Tuesday 31 January (the "Effective Date"). On the Effective Date, the Official List of the UKLA will be amended to reflect the Share Split.
The expected timetable of events and key statistics are set out below.
Expected timetable
2017 | |
Close of dealings in existing shares | 4.30 pm on Monday 30 January |
Record date for the share split | 6.00 pm on Monday 30 January |
Split becomes effective | 8.00 am on Tuesday 31 January |
New Ordinary Shares credited to CREST accounts | 8.00 am on Tuesday 31 January |
Commencement for dealings in the New Ordinary Shares | 8.00 am on Tuesday 31 January |
Certificates for New Ordinary Shares despatched | by 14 February |
Information on shares
Existing ordinary shares of five pence each Total number expected to be in issue immediately prior to the split
|
10,443,513
|
ISIN code | GB0000115302 |
SEDOL code | 0011530 |
New ordinary shares of one penny each Total number expected to be in issue immediately after the split |
52,217,565
|
ISIN code | GB00BD736828 |
SEDOL code | BD73682 |
In order to reconcile the Company's issued and allotted share capital with the number of shares admitted to the UK Official List and to trading on the London Stock Exchange's main market, the Company has made an application for 367,065 ordinary shares to be admitted to the UK Official List and to trading on the London Stock Exchange's main market on 30 January 2017. The number of shares currently issued and allotted by the Company remains at 10,443,513 ordinary shares of five pence each. The Company's block listing relating to the Air Partner plc Company Share Option Plan 2003 is being cancelled and will not roll forward as part of the Share Split.
ENDS
Enquiries: | |
Air Partner | 01293 844 788 |
Neil Morris, CFO | |
Temple Bar Advisory (Financial PR advisor) | 020 7002 1080 |
Tom Allison | 07789 998 020 |
Alycia MacAskill | 07876 222 703 |
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions: (a) Broking division, comprising air charter broking and remarketing through the Air Partner and Cabot brands respectively; and (b) Consulting & Training division, via the aviation safety consultancy Baines Simmons. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Broking) and Consulting & Training (Baines Simmons and Clockwork Research). The Commercial Jet division charters large airliners to move groups of any size. Cabot Aviation, which is formed within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the company's unique pre-paid JetCard scheme and on-demand charter. Air Partner Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in Aviation Safety Consulting which specialises in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is also ISO 9001:2008 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com