Avation PLC Announces Notes Repurchase Policy
Why we think this is neutral
The RNS announcement provides an update on Avation PLC's policy to continue repurchasing its senior notes. While this may be a positive step for the company's capital management, the announcement does not contain any specific financial or operational updates that would significantly impact the company's performance. Therefore, the overall sentiment is neutral.
Key Points
- Avation PLC will continue to repurchase its senior notes
- The company will provide quarterly updates on the repurchases
Summary
Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, announces that it will continue to undertake repurchases of Avation Capital S.A. Senior PIK Toggle Notes due 2026 issued under its global medium term note programme. The company will update the market on a quarterly basis as to a summary of repurchases completed in each quarter, save that material repurchases will be announced immediately following completion of such repurchases.