focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAvation Regulatory News (AVAP)

Share Price Information for Avation (AVAP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 139.00
Bid: 133.00
Ask: 138.00
Change: 14.25 (11.42%)
Spread: 5.00 (3.759%)
Open: 126.50
High: 139.00
Low: 126.50
Prev. Close: 124.75
AVAP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Form 8 (OPD) AVATION PLC

20 Jan 2020 09:34

RNS Number : 2975A
Avation PLC
20 January 2020
 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Full name of discloser:

AVATION PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

AVATION PLC - OFFEREE

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

The latest practicable date prior to the disclosure

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

NO

 

 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

ORDINARY SHARES (£0.01)

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

2,170,000 in treasury

N/A

(2) Cash-settled derivatives:

 

NIL

NIL

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

NIL

NIL

 

TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b) Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

ORDINARY SHARES (£0.01)

Details, including nature of the rights concerned and relevant percentages:

NONE

 

 

 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

Interests of Directors in ordinary shares of £0.01 each in the capital of Avation PLC:

 

Robert Jeffries Chatfield: 11,605,001 (18.5%)

Roderick Douglas Mahoney: 756,667 (1.2%)

Stephen John Fisher: 5,000 (0.01%)

Derek Sharples: 10,000 (0.02%)

 

 

Interests held by directors in warrants to subscribe for ordinary shares of £0.01 each, if fully exercised:

 

- Robert Jeffries Chatfield: 3.21%

- Roderick Douglas Mahoney: 1.6%

 

Details of warrants:

 

Series 2017

- Robert Jeffries Chatfield: 255,000

- Roderick Douglas Mahoney: 113,333

- Exercise Price: £2.15

Expiry: 31 December 2020

 

Series 2018

- Robert Jeffries Chatfield: 760,000

- Roderick Douglas Mahoney: 450,000

- Exercise Price: £2.32

- Expiry: 6 October 2021

 

Series March 2019

- Robert Jeffries Chatfield: 250,000

- Roderick Douglas Mahoney: 150,000

- Exercise Price: £2.945

- Expiry: 9 April 2022

 

Series September 2019

- Robert Jeffries Chatfield: 450,000

- Roderick Douglas Mahoney: 180,000

- Exercise Price: £2.96

- Expiry: 21 October 2022

 

Series November 2019

- Robert Jeffries Chatfield: 300,000

- Roderick Douglas Mahoney: 120,000

- Exercise Price: £2.745

- Expiry: 22 December 2022

 

In each case warrants vest as to one-third on each subsequent anniversary of the date of grant.

 

 

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

 

(c) Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

20 January 2020

Contact name:

Duncan Scott

Telephone number:

+65 6252 2077

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
FEEGCGDBRDDDGGG
Date   Source Headline
7th May 202011:50 amRNSForm 8.5 (EPT/RI) - Avation plc
5th May 202011:16 amRNSForm 8.5 (EPT/RI) - Avation plc
5th May 20209:59 amRNSForm 8.5 - Avation Plc
4th May 20202:05 pmRNSSecond Price Monitoring Extn
4th May 20202:00 pmRNSPrice Monitoring Extension
4th May 20208:55 amRNSForm 8.5 (EPT/RI) - Avation plc
30th Apr 20202:06 pmRNSSecond Price Monitoring Extn
30th Apr 20202:00 pmRNSPrice Monitoring Extension
30th Apr 20209:22 amRNSForm 8.5 - Avation Plc
30th Apr 20207:23 amRNSForm 8.5 (EPT/RI) - Avation Plc
29th Apr 20208:23 amRNSForm 8.5 (EPT/RI) - Avation Plc
28th Apr 20201:54 pmRNSForm 8.5 (EPT/RI) - Avation Plc
28th Apr 202010:00 amRNSForm 8.5 - Avation Plc
23rd Apr 202011:20 amRNSForm 8.5 (EPT/RI) - Avation plc
22nd Apr 20209:28 amRNSForm 8.5 - Avation Plc
22nd Apr 20208:29 amRNSForm 8.5 (EPT/RI) - Avation plc
21st Apr 202012:05 pmRNSForm 8.5 (EPT/RI) - Avation plc
21st Apr 20209:29 amRNSForm 8.5 - Avation Plc
21st Apr 20208:19 amRNSRESPONSE TO ANALYST QUESTION
21st Apr 20208:16 amRNSCOMMENT VIRGIN AUSTRALIA VOLUNTARY ADMINISTRATION
20th Apr 20209:00 amRNSPrice Monitoring Extension
17th Apr 202011:11 amRNSForm 8.5 (EPT/RI) - Avation plc
16th Apr 20203:35 pmRNSForm 8.5 - Avation Plc
16th Apr 20203:35 pmRNSForm 8.5 - Avation Plc
16th Apr 20202:05 pmRNSSecond Price Monitoring Extn
16th Apr 20202:00 pmRNSPrice Monitoring Extension
16th Apr 20208:49 amRNSForm 8.5 (EPT/RI) - Avation plc
15th Apr 20209:20 amRNSForm 8.5 - Avation Plc
14th Apr 202011:50 amRNSForm 8.5 - Avation Plc
14th Apr 202010:55 amRNSForm 8.5 (EPT/RI) - Avation plc
9th Apr 202010:03 amRNSForm 8.5 - Avation PLC
9th Apr 20209:34 amRNSForm 8.5 (EPT/RI) - Avation plc
8th Apr 202011:06 amRNSSecond Price Monitoring Extn
8th Apr 202011:00 amRNSPrice Monitoring Extension
8th Apr 202010:03 amRNSForm 8.5 (EPT/RI) - Avation plc
8th Apr 20209:24 amRNSForm 8.5 - Avation Plc
7th Apr 20204:41 pmRNSSecond Price Monitoring Extn
7th Apr 20204:36 pmRNSPrice Monitoring Extension
7th Apr 20202:06 pmRNSSecond Price Monitoring Extn
7th Apr 20202:00 pmRNSPrice Monitoring Extension
7th Apr 20207:00 amRNSOFFER UPDATE
7th Apr 20207:00 amRNSTrading Statement
3rd Apr 20209:09 amRNSForm 8.5 (EPT/RI) - Avation plc
2nd Apr 202011:30 amRNSForm 8.5 - Avation Plc
2nd Apr 202011:10 amRNSForm 8.5 (EPT/RI) - Avation plc
1st Apr 202012:35 pmRNSForm 8.5 (EPT/RI) - Avation plc
1st Apr 202012:12 pmRNSForm 8.5 - Avation Plc (Amendment)
31st Mar 20201:52 pmRNSForm 8.3 - Avation plc
31st Mar 202011:26 amRNSForm 8.5 - Avation Plc
31st Mar 20208:44 amRNSForm 8.5 (EPT/RI) - Avation plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.