TIDMAVAP  Issue of Equity on exercise of Warrants AVAP  21 February 2013                                              AVATION PLC                                    ("AVATION" or "THE COMPANY")                         Issue of Equity on exercise of Warrants by Directors  The  Board  of  Avation PLC (LSE: AVAP), announces that on 21 February 2013, the Company  allotted 60,510  fully paid new ordinary shares pursuant to the exercise of Warrants at a price  of  sixty- seven  and a half pence per share (67.5p), conditional only on admission of the new shares to  the Official  List  and  to trading on the London Stock Exchange's main market for  listed  securities becoming effective ('Admission').  Pursuant  to the exercise of the warrants, 60,510 new ordinary shares (representing 0.14%  of  the enlarged  issued  share  capital of the Company) to Epsom Assets  Ltd,  a  company  in  which  Mr. Chatfield has an interest, were allotted.  Following  Admission,  Mr  Chatfield's will be interested in 16% of the  Company  (with  7,100,001 ordinary shares).  Application will be made for the new ordinary shares to be listed on the standard segment  of  the Official List and to be 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 will commence at 8:00 a.m. on 28 February 2013.  Following  Admission, there are will be a total of 44,434,973 ordinary shares in  issue.  For  the purposes  of  calculating Total Voting Rights shareholders may use the number  44,434,973  as  the total number of shares in issue from the date of Admission.                                              ---ENDS---  Enquiries:  Avation PLC Jeff Chatfield, Chairman                          +44 7783 942 553    Cadogan PR Alex Walters                                      +44 20 7839 9260                                                   +44 (0) 7771 713 608  Further information on Avation PLC can be seen at: www.avation.net.  Avation PLC is registered in England and Wales with an Operational Headquarters in Singapore.  About Avation:  Avation was formed in 2006 as an aircraft lessor. Avation was admitted to the Standard segment of the Official List of the London Stock Exchange in October 2010. The Company's main activity is an operating lessor of commercial passenger aircraft to airlines across Europe, the US and Australia. Early in 2011 the company entered into an agreement with Skywest Airlines to provide a fleet of up to eighteen new aircraft to operate along the East Coast of Australia on behalf of Virgin Australia.    Avation plc  

(END) Dow Jones Newswires

February 21, 2013 06:24 ET (11:24 GMT)