Air Partner PLC Share split timetable and admission of new shares (3391V)

TIDMAIR

RNS Number : 3391V

Air Partner PLC

27 January 2017

27 January 2017

Air Partner plc

1 into 5 share split timetable and admission of new ordinary shares

Further to the announcement on 25 January 2017, Air Partner plc (the "Company") confirms the expected timetable for the share split of the share capital of the Company (the "Share Split") when each ordinary share of 5p each in the capital of the Company will be split into five new ordinary shares of 1p each ("New Ordinary Shares"). It is expected that the Share Split will become effective at 8.00 am on Tuesday 31 January (the "Effective Date"). On the Effective Date, the Official List of the UKLA will be amended to reflect the Share Split.

The expected timetable of events and key statistics are set out below.

Expected timetable

 
                                                      2017 
Close of dealings in existing shares     4.30 pm on Monday 
                                                30 January 
Record date for the share split          6.00 pm on Monday 
                                                30 January 
Split becomes effective                 8.00 am on Tuesday 
                                                31 January 
New Ordinary Shares credited to         8.00 am on Tuesday 
 CREST accounts                                 31 January 
Commencement for dealings in the        8.00 am on Tuesday 
 New Ordinary Shares                            31 January 
Certificates for New Ordinary Shares        by 14 February 
 despatched 
 

Information on shares

 
Existing ordinary shares of five pence 
 each 
 Total number expected to be in issue 
 immediately prior to the split              10,443,513 
ISIN code                                  GB0000115302 
SEDOL code                                      0011530 
New ordinary shares of one penny each 
 Total number expected to be in issue 
 immediately after the split                 52,217,565 
ISIN code                                  GB00BD736828 
SEDOL code                                      BD73682 
 

In order to reconcile the Company's issued and allotted share capital with the number of shares admitted to the UK Official List and to trading on the London Stock Exchange's main market, the Company has made an application for 367,065 ordinary shares to be admitted to the UK Official List and to trading on the London Stock Exchange's main market on 30 January 2017. The number of shares currently issued and allotted by the Company remains at 10,443,513 ordinary shares of five pence each. The Company's block listing relating to the Air Partner plc Company Share Option Plan 2003 is being cancelled and will not roll forward as part of the Share Split.

ENDS

 
 Enquiries: 
                                          01293 844 
 Air Partner                                    788 
 Neil Morris, CFO 
 
 Temple Bar Advisory (Financial PR 
  advisor)                            020 7002 1080 
                                          07789 998 
 Tom Allison                                    020 
                                          07876 222 
 Alycia MacAskill                               703 
 

About Air Partner:

Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions : (a) Broking division, comprising air charter broking and remarketing through the Air Partner and Cabot brands respectively; and (b) Consulting & Training division, via the aviation safety consultancy Baines Simmons. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Broking) and Consulting & Training (Baines Simmons and Clockwork Research). The Commercial Jet division charters large airliners to move groups of any size. Cabot Aviation, which is formed within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the company's unique pre-paid JetCard scheme and on-demand charter. Air Partner Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in Aviation Safety Consulting which specialises in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is also ISO 9001:2008 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 27, 2017 06:26 ET (11:26 GMT)