Capital Lease Aviation PLC Service Agreement (8940D)
October 29 2015 - 10:15AM
UK Regulatory
TIDMCLA
RNS Number : 8940D
Capital Lease Aviation PLC
29 October 2015
RNS: CLA
CAPITAL LEASE AVIATION PLC
("CLA" or "the Company")
Service Agreement
Capital Lease Aviation PLC (CLA: AIM), the commercial passenger
aircraft leasing company advises that it entered into a service
agreement with Avation PLC, a substantial shareholder in the
Company for Avation to provide certain administrative and aircraft
lease management services.
As a result of the level of the recharges in relation to it, the
service agreement has been deemed to be a related party transaction
under the Aim Rules for Companies as Avation is a substantial
shareholder in the Company.
With the exception of Jeff Chatfield and Richard Wolanski who
are directors of Avation, the directors of the Company, consider,
having consulted with the Company's nominated adviser, WH Ireland,
that the terms of the transaction are fair and reasonable in so far
as the shareholders are concerned.
-ENDS-
Enquiries:
The Company - Jeff Chatfield Chairman +65 6252 2077
WH Ireland - James Joyce / James Bavister +44 20 7220 1666
Blytheweigh - Tim Blythe / Wendy Haowei +44 20 7138 3204
This information is provided by RNS
The company news service from the London Stock Exchange
END
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