7th Mar 2014 10:43
LONDON (Alliance News) - Avation PLC said Friday that it had allotted 159,225 shares to a group of executives following the exercise of warrants at a price of 110.5 pence.
The allocations following the exercise of warrants were as follows:
Mr Jeff Chatfield | Avation Executive Chairman | 39,225 |
Mr Rod Mahoney | Director and COO | 40,000 |
Mr Richard Wolanski | Finance Director | 40,000 |
Mr Duncan Scott | Group General Counsel | 10,000 |
Mr Jason Gollogly | Deputy Group General Counsel | 9,500 |
Other assignees, non officer, assignees | 20,500 | |
Following the issue of shares, Chatfield will have a 20.78% interest in the company and Mahoney a 0.49% interest. The other executives resulting intersts were not disclosed.
Shares in Avation were trading up 2.0% at 125.95 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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