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Exercise of Warrants and Issue of Equity

22 Dec 2015 07:00

RNS Number : 8053J
Strat Aero PLC
22 December 2015
 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

22 December 2015

Strat Aero plc ("Strat Aero", the "Company")

Exercise of Warrants and Issue of Equity

 

Strat Aero, an international aerospace services company focused primarily on the provision of training solutions, management systems and consultancy services to the international aviation market, has issued 200,000 new ordinary shares of £0.01 each ("Ordinary Shares") as a result of an exercise of 200,000 warrants exercisable at 8 pence each (the "Warrant Shares").

 

Application will be made for the Warrant Shares, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 7:00 a.m. on 30 December 2015.

 

Following the issue of the Warrant Shares, the issued share capital of the Company will consist of 142,063,771 Ordinary Shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 142,063,771.

 

**ENDS**

 

For further information please visit www.strat-aero.com or contact:

 

Strat Aero plc

Tel: +44 (0) 1293 804741

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 Levinson

Elliot Hance

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

Charlotte Heap

 

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. Civilian, law enforcement 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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