11th Mar 2021 19:11
Avation PLC - London-based aircraft leasing company - Intends to raise at least GBP7 million through a placing and subscription of shares at a price of 110 pence per share.
Proceeds will go towards enhancing working capital, as the company expects Covid-19 to lead to positive working conditions, with short supply of available aircraft, leading to preferences for aircraft to be leased rather than removed.
WH Ireland and Canaccord Genuity are acting as joint bookrunners for the share issue.
Current stock price: 122.00p
Year-to-date change: down 3.6%
By Dayo Laniyan; [email protected]
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