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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