30th Sep 2014 10:12
LONDON (Alliance News) - Avation PLC said Tuesday that it has further increased its stake in aircraft lessor Capital Lease Aviation PLC with the acquisition of an additional 120,000 ordinary shares.
The aircraft leasing company said the latest share purchase increases its holding in CLA to 95.2%.
The shares were acquired through the market at a price of 20.5 pence per share in cash; settlement of the cash purchase will be on normal market terms, said Avation.
Avation Friday increased its stake in aircraft lessor to 95.1% through the acquisition of 351,900 ordinary shares in the company, acquired through the market at a price of 20.5 pence per share in cash.
Shares in Avation were Tuesday morning trading 0.19% lower at 158.20 pence per share. Capital Lease Aviation shares were trading 1.84% lower at 20.00 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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