Avation plc
LSE : AVAP

April 28, 2008 02:34 ET

Avation plc ('Avation' or the 'Company'): Further Share Buyback for Cancellation

LONDON, UNITED KINGDOM--(Marketwire - April 28, 2008) - The Board of Avation, a commercial jet aircraft leasing provider, advises that it has purchased 30,000 Ordinary Shares on the PLUS Market at 49 pence per share for cancellation.

The authority to buy-back shares was given to the Directors at the AGM held on the 4th of December 2007.

As a consequence the number of shares in issue will decrease to 25,270,000 after the shares purchased have been cancelled.

The Directors' holdings represent 16.20% per cent. of the 25,270,000 Ordinary shares now in issue.

The directors take responsibility for the contents of this announcement.

Contact Information

  • Avation plc
    Jeff Chatfield
    Chairman
    07783 942 553
    Website: www.avation.net
    or
    STOCKBROKERS
    WH Ireland Ltd
    020 7220 1670
    or
    STOCKBROKERS
    Cornhill Asset Management Ltd
    020 7743 6000
    or
    ADVISOR
    Loeb Aron & Company Ltd.
    Frank Lucas
    020 7628 1128
    or
    MEDIA
    Bishopsgate Communications
    Maxine Barnes, Nick Rome
    020 7562 3350