Last checked at 26 Sep 2014 07:00
AVAP
25 September 2014
AVATION PLC
("AVATION" or "THE COMPANY")
Acquisition of shares in Capital Lease Aviation PLC and issue of equity
Avation PLC, the aircraft leasing company, announces that it has agreed to acquire 351,900 ordinary shares in aircraft lessor Capital Lease Aviation PLC (AIM: CLA), increasing its interest in the voting rights in CLA's issued share capital to 95.1 per cent.
The CLA shares were acquired through the market at a price of 0.205 pence in cash (the "Cash Purchase"). Settlement of the Cash Purchase will be on normal market terms.
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