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15 Feb 2016 07:00
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services
15 February 2016
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Director's Dealings
Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, is pleased to announce that the Chief Executive Officer of the Company, Tony Dunleavy, purchased 250,000 ordinary shares of 1 penny each in the Company ('Ordinary Shares') at a price of 4.25 pence each on 12 February 2016.
Following these purchases, Tony Dunleavy holds an aggregate of 2,780,000 Ordinary Shares representing 1.96 per cent of the issued ordinary share capital of the Company.
Enquiries:
Strat Aero plc | Tel: +44 (0) 1293 804 741 |
Tony Dunleavy (Chief Executive) | |
Graham Peck (Chairman) | |
SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Nominated Adviser and Joint Broker | |
Stuart Gledhill Jeff Keating | |
Beaufort Securities Limited | Tel: +44 (0) 20 7382 8300 |
Joint Broker Jon Belliss | |
Elliot Hance | |
St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Frank Buhagiar Susie Geliher |
Notes
Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade. Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023.
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