Gama Aviation PLC Potential Acquisition

RNS Number : 9006P

Gama Aviation PLC

24 May 2024

 

24^th May 2024

 

The information contained within this announcement is deemed to constitute inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

Gama Aviation Plc (AIM: GMAA)

("Gama Aviation" or the "Company" or "Group")

 

Potential Acquisition

 

The Board of Gama Aviation is aware of industry market speculation and confirms that it is in discussions to acquire the business of Tyrolean Jet Services ("TJS"). TJS is an Austrian provider of aircraft management and charter services.

 

The Company's interest in TJS is consistent with the Group's strategy to grow its Aircraft Management & Charter business.

 

Discussions between the Group and TJS are ongoing, and they remain subject to further negotiations, diligence, and Board approval; as such they are not expected to be concluded until after the Company's delisting from AIM. Accordingly, there can be no certainty any transaction will be completed and, if it does, on what terms such a transaction might take place.

 

A further announcement will be made in due course.

 

ENDS

 

Gama Aviation Plc                                                                     [phone]

Marwan Khalek, Chief Executive 

 

Camarco                                                                                      [phone]

Ginny Pulbrook

Geoffrey Pelham-Lane

 

WH Ireland                                                                                  [phone]

James Joyce

Sarah Mather

 

Gama Aviation - Notes to Editors

 

Founded in 1983 with the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

 

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & MRO), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)

 

More details can be found at: http://www.gamaaviation.com/

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

ACQPPUCCAUPCGWC