Avation PLC (LSE: AVAP), the Singapore-headquartered commercial passenger aircraft leasing company, has announced the allotment of 1,462,956 fully paid new ordinary shares following the exercise of its listed AVAW Warrants. The new shares represent approximately 2.41 per cent of the company's enlarged share capital. Admission to the Official List and to trading on the London Stock Exchange's main market is expected to become effective on or around 13 November 2026. Notably, no AVAW Warrants remain outstanding following this exercise.

Key Points

  • Avation PLC (LSE: AVAP) is a commercial passenger aircraft leasing company headquartered in Singapore
  • The company allotted 1,462,956 new ordinary shares via exercise of its listed AVAW Warrants, representing approximately 2.41% of enlarged share capital
  • Admission to trading on the London Stock Exchange's main market is expected on or around 13 November 2026; total shares in issue post-admission will be 60,683,757
  • Investors should note that all AVAW Warrants have now been fully exercised, with no warrants remaining outstanding

Avation Allots 1.46 Million New Shares After Full AVAW Warrant Exercise

Avation PLC confirmed it has allotted 1,462,956 fully paid new ordinary shares pursuant to the exercise of its listed AVAW Warrants. The newly issued shares represent approximately 2.41 per cent of the company's enlarged issued share capital. The announcement states that the allotment follows the complete exercise of all outstanding AVAW Warrants, meaning no warrants of this series remain in existence. This concludes the warrant programme and results in a defined, one-time increase to the company's total share count. The company did not disclose the proceeds received from the warrant exercise in the announcement.

London Stock Exchange Admission Expected on or Around 13 November 2026

The new ordinary shares are subject to admission to the Official List and to trading on the London Stock Exchange's main market for listed securities. The announcement states that Admission is expected to become effective, and that dealings in the new shares will commence, on or around 13 November 2026. Once Admission is complete, the new shares will rank pari passu in all respects with Avation's existing ordinary shares, including the right to receive dividends and other distributions declared following Admission, placing new and existing shareholders on equal footing.

Avation's Post-Admission Share Structure: 60.6 Million Voting Shares in Issue

Following Admission, Avation's total shares in issue will stand at 60,683,757 ordinary shares. Of these, 100,000 shares are held in treasury, leaving 60,583,757 shares carrying total voting rights. Investors monitoring the company's capital structure should note this represents the finalised share count after the AVAW Warrant programme has been entirely extinguished. Avation owns and manages a fleet of commercial passenger aircraft, leasing them to airlines worldwide, with its head office based in Singapore under Executive Chairman Jeff Chatfield.