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Avation PLC Announces Share Transfer Following Warrant Exercise

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Avation PLC Announces Share Transfer Following Warrant Exercise

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Avation ( (GB:AVAP) ) has provided an announcement.

Avation PLC announced the transfer of 842,997 ordinary shares from treasury to satisfy the exercise of all outstanding 2022 series staff warrants. This transaction affects the company’s share structure, with a total of 66,636,738 ordinary shares now in issue and 62,297,739 voting rights. Directors Robert Jeffries Chatfield, Roderick Douglas Mahoney, and Mark Shelton received shares as part of this transaction, impacting their respective holdings and voting rights within the company.

The most recent analyst rating on (GB:AVAP) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on Avation stock, see the GB:AVAP Stock Forecast page.

Spark’s Take on GB:AVAP Stock

According to Spark, TipRanks’ AI Analyst, GB:AVAP is a Neutral.

Avation faces significant financial challenges, with high leverage and negative profitability impacting its financial performance. Technical analysis indicates bearish momentum, further weighing down the stock’s outlook. Valuation metrics also reflect concerns, with a negative P/E ratio and low dividend yield. These factors contribute to a low overall stock score.

To see Spark’s full report on GB:AVAP stock, click here.

More about Avation

Avation PLC is an aircraft leasing company headquartered in Singapore. It owns and manages a fleet of commercial passenger aircraft, leasing them to airlines worldwide.

Average Trading Volume: 271,692

Technical Sentiment Signal: Sell

Current Market Cap: £87.57M

Find detailed analytics on AVAP stock on TipRanks’ Stock Analysis page.

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