AVATION PLC

Director's Dealing • Nov 26, 2025

National Storage Mechanism | Additional information

RNS Number : 0951J

Avation PLC

26 November 2025

Via RNS and SGXNET

AVATION PLC

("Avation" or "the Company")

WARRANT GRANT AND DIRECTORS' DEALING

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that 921,000 share warrants have been granted to directors and other employees of the Company as set out below.

The grant of warrants is pursuant to the authorities and powers given by shareholders at the Company's last annual general meeting. The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives. The warrants were granted by the board at an exercise price of 140 pence per share, and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on customary terms for employee share remuneration.

Details of the warrants granted to directors of the Company are as follows:

Director	No. of Warrants being issued	Total no. of Warrants held including this issue*	Shareholding upon exercise of total number of Warrants held	% of issued share capital upon exercise of Warrants
Robert Jeffries Chatfield	400,000	2,025,000	14,696,242	20.46%
Mark Stephen Shelton	80,000	278,000	318,982	0.44%

*Warrants are held at different exercise prices

A further 441,000 warrants have been granted to other staff members on the same terms, with a three-year vesting period (the first tranche vesting on the anniversary of the date of grant) and the same exercise price.

Warrants in Issue

Following the above issue of Warrants, the total number of Warrants in issue to staff is 3,858,000. There are also 5,680,073 bondholder listed warrants (under code: AVAW.L). Assuming full exercise of all staff and bondholder warrants, this equates to 13.28% of the issued capital on exercise of warrants.

Share Capital and Voting Rights

There are a total of 66,636,738 ordinary shares in issue, with 4,338,999 held in treasury, and there are 62,297,739 total voting rights for the purpose of calculating shareholders' percentage voting rights.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under 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 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman                                      +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: [email protected]

Notes to Editors: Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world. More information on Avation is available at www.avation.net.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

1.

Details of the PDMR / person closely associated

a)

Name

Robert Jeffries Chatfield

2.

Reason for the notification

a)

Position / status

Executive Chairman

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Avation PLC

b)

LEI

213800KA972GUP1B6I78

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Warrants to subscribe for ordinary shares

N/A

b)

Nature of the transaction

Grant of warrants to subscribe for ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	400,000

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

26 November 2025

f)

Place of the transaction

London Stock Exchange

1.

Details of the PDMR / person closely associated

a)

Name

Mark Stephen Shelton

2.

Reason for the notification

a)

Position / status

Non-executive Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Avation plc

b)

LEI

213800KA972GUP1B6I78

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Warrants to subscribe for ordinary shares

N/A

b)

Nature of the transaction

Grant of warrants to subscribe for ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	80,000

d)

Aggregated information

See above

-      Aggregated volume

-      Price

e)

Date of the transaction

26 November 2025

f)

Place of the transaction

London Stock Exchange

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END

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