Gama Aviation PLC Statement re Potential Acquisition (9535Y)
08 January 2024 - 10:31PM
UK Regulatory
TIDMGMAA
RNS Number : 9535Y
Gama Aviation PLC
08 January 2024
8(th) January 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 Specialist Aviation Services Limited ("Specialist").
Specialist is a UK-based provider of helicopter emergency medical
services ("HEMS") and aircraft repairs and maintenance services
("MRO"), including through contracts with certain air ambulance
charities in the UK. In 2022 Specialist generated circa GBP24m of
revenue.
The interest in Specialist is consistent with the Group's
strategy to grow its Special Mission business.
The discussions between the Group, Specialist and other key
stakeholders are well advanced and are expected to be concluded
within the next few weeks, but they remain subject to further
negotiations, diligence, and Board approval. 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 +44 (0) 1252 553 000
Marwan Khalek, Chief Executive
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
WH Ireland +44 (0) 207 220 1666
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 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 & 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/
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END
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