Gama Aviation Makes Ex-Close Brothers Executive Development Director

8th Mar 2018 10:51

LONDON (Alliance News) - Gama Aviation PLC said Thursday its appointed ex-Close Brothers Group PLC executive Richard Kearsey as corporate development director after its GBP48 million placing.

Kearsey served as managing director of Close Brothers' aviation and marine finance division for 27 years. He will take on a "key" role in mergers and acquisitions at Gama after its recent placing.

In early February, aviation services firm Gama raised GBP48.0 million through the placing of 19.6 million shares at 245 pence each. As well as specific investments already announced, Gama also said the remaining funds would go towards targeting opportunities in Europe and the Middle East.

"Gama Aviation has the structure, financial means and shareholder backing to capture the opportunity that exists within the business aviation sector," Kearsey said. "I'm delighted to join the company and look forward to the company's development in the years ahead."

Gama Chief Executive Officer Marwan Khalek added: "Richard is another excellent addition to our leadership team and I am very pleased that we continue to attract such high calibre talent to our business. His experience and proven business acumen will add immediate bandwidth to the team as we pursue our growth strategy this year."

Shares in Gama were 0.6% lower at 262.00 pence on Thursday.

---

Related Shares:

Close BrosGMAA.L