Last checked at 17 Feb 2016 07:00
17 February 2015
Gama Aviation Plc (AIM: GMAA)("Gama", "Gama Aviation" or the "Company")
Approval by Jersey Competition Authority of the acquisition of Aviation Beauport Limited
Further to the announcement of 8 January 2016, Gama Aviation Plc, one of the world's largest business aviation service providers, is pleased to announce the approval by the Jersey Competition Authority of the acquisition by Gama Aviation of Aviation Beauport Limited; a privately owned Jersey based business offering a range of business aviation services. Completion of the acquisition will take place at midnight on 29 February 2016.
As part of the consideration for the acquisition, the Company will issue 1,000,000 new ordinary shares in the capital of the Company. Application is being made for the new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on 1 March 2016.
Following the issue of the new ordinary shares, there will be 43,994,442 ordinary shares in issue. The Company does not hold any Ordinary Shares in treasury and therefore this figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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Gama Aviation PlcMarwan Khalek, Chief Executive +44 1252 553043
Citigate Dewe Rogerson +44 207 638 9571Chris Jarvis, Associate Director Phil Anderson, Executive Director
Cantor Fitzgerald Europe +44 207 894 7000(Nominated Adviser & Broker) Marc Milmo / Catherine Leftley (Corporate Finance)David Banks (Corporate Broking)