AVATION PLC — Share Issue/Capital Change 2011

Mar 18, 2011

EGM Statement - London Stock Exchange Page 1 of 1

Regulatory Story

Go to market news section

Company	Avation plc
TIDM	AVAP
Headline	EGM Statement
Released	18:08 18-Mar-2011
Number	0683026001

AVAP via RNS

March 18, 2011

AVATION PLC (the 'Company')

Result of General Meeting and Placing

Avation plc, is pleased to announce that at its General Meeting held today that all resolutions were passed. Matters resolved at the EGM included the authority to issue the shares in relation to the conditional placing of £10m that the Company announced on the 9th of March 2011.

The conditional placing and the admission of new shares is conditional on the publication of a prospectus prepared in accordance with the Prospectus Rules of the Financial Services Authority (the "FSA") made under section 73A of FSMA and approved by the FSA under section 87A of FSMA and a Placing Agreement with WH Ireland Limited becoming unconditional in all respects (save only for Admission) and not being terminated in accordance with its terms.

It is anticipated that the prospectus will be published not later than 28 March 2011. Application will be made for the new shares to be listed on the Official List with a Standard Listing and admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will become effective and that dealings in the New Ordinary Shares, fully paid, will commence by 31 March 2011.

A copy of the resolutions passed at the General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at : www.hemscott.com/nsm.do

The Directors take responsibility for the contents of this announcement.

---ENDS---

ENQUIRES:

Avation plc Jeff Chatfield, Executive Chairman	+44 7783 942 553
W H IRELAND Harry Ansell, Stockbroker James Joyce	+44 20 7220 1670 +44 20 7220 1666
Financial Public Relations Bishopsgate Communications Laura Stevens/Giang Nguyen	+44 207 562 3350
Websites

www.avation.net

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2009 London Stock Exchange plc. All rights reserved

Regulatory