30th Sep 2014 10:05
(An item published at 08:28 BST September 26, 2014, misstated the price of acquired shares due to a mistake by the issuer. The correct version follows.)
LONDON (Alliance News) - Avation PLC said Friday that it has increased its stake in aircraft lessor Capital Lease Aviation PLC to 95.1%.
The aircraft leasing company said it has agreed to acquire 351,900 ordinary shares in the company, increasing its interest in the voting rights in CLA's issued share capital to 95.1%, 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 shares were Friday trading 1.58% lower at 156.00 pence per share. Capital Lease Aviation shares were trading 7.59% higher at 20.98 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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