Gama Aviation PLC Result of General Meeting (3670S)
03 November 2023 - 10:02PM
UK Regulatory
TIDMGMAA
RNS Number : 3670S
Gama Aviation PLC
03 November 2023
3 November 2023
Gama Aviation Plc
(the "Company")
Result of General Meeting
Gama Aviation Plc, the business aviation services company,
announces the results of the voting on the resolution at the
General Meeting held on 3 November 2023 to approve the disposal of
the Group's US MRO Business, Gama Aviation (Eng) Inc. ("GAEI"),
trading as Jet East ("Jet East") via the sale of Gama Group Inc.
("GGI") to West Star Aviation Enterprises, LLC ("West Star
Aviation") (the "Disposal"), as required under Rule 15 of the AIM
Rules for Companies. A poll was held on the Resolution.
The Resolution was duly passed by the requisite majority. The poll results are set out below:
Resolution
To approve the sale of Gama Group Inc. on the terms of the
Sale Agreement (as defined and further described in the circular
to shareholders dated 18 October 2023), being a disposal resulting
in a fundamental change of business for the purposes of Rule
15 of the AIM Rules for Companies.
Votes % Votes % Votes total % of issued Votes withheld
for against share capital (Note)
-------- --------- ------ ------------ --------------- ---------------
52,820,775 100.00% 0 0.00% 52,820,775 82.58 0
-------- --------- ------ ------------ --------------- ---------------
Note: A 'vote withheld' is not a vote under English law and is
not counted in the calculation of votes 'for' or 'against' a
resolution.
At the date of the General Meeting, the Company's issued share
capital was 63,961,279 ordinary shares of GBP0.01 each. Ordinary
shareholders are entitled to one vote per ordinary share held.
Approval of the Resolution by the Company's shareholders is the
final condition to be satisfied pursuant to the Sale Agreement in
respect of the Disposal and, as such, the Disposal is expected to
complete shortly. A further announcement will be released upon
completion.
For further information on the Company, please visit
www.gamaaviation.com or contact:
Gama Aviation Plc +44 (0) 1252 553000
Marwan Khalek, Chief Executive Officer
WH Ireland Limited (Nominated Adviser) +44 (0) 207 220
1666
James Joyce
Sarah Mather
Dial Partners LLP, Lead Financial Adviser
Angus Russell, Partner
Sandor de Jasay, Managing Director
Tel: +44 207 098 7098
Camarco (PR) +44 (0) 203 757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
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 Plc (LSE AIM: GMAA) 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 & Maintenance), 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/
ENDS
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END
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(END) Dow Jones Newswires
November 03, 2023 07:02 ET (11:02 GMT)
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