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BBA Aviation plc (BBA) Ordinary 29.76p

Sell:299.40p Buy:299.60p 0 Change: 1.00p (0.33%)
FTSE 250:0.06%
Market closed Prices as at close on 12 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
Sell:299.40p
Buy:299.60p
Change: 1.00p (0.33%)
Market closed Prices as at close on 12 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
Sell:299.40p
Buy:299.60p
Change: 1.00p (0.33%)
Market closed Prices as at close on 12 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

BBA Aviation plc Ordinary 29.76p

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 6 Nov 2019)

The Board of BBA Aviation plc has announced proposals of a reorganisation of the Company's Share Capital and a return of cash to Shareholders.

 

The Company intends to return USD835 million to Shareholders by way of a Special Dividend of USD0.8071 per pre-consolidated Share. Payment of the dividend will be made to shareholders at the close of business on 22 November 2019 and is expected to be paid on or shortly after 13 December 2019.

 

Alongside the return of cash, Shareholders on the same date will have their holding consolidated, receiving 4 new Shares in place of every 5 previously held. The Share Consolidation is designed to maintain the comparability of the Company's Share price before and after the Special Dividend. It is expected that the value of your remaining Shares immediately after the Consolidation, plus the value of your Special Dividend, will be broadly comparable with the value of your Shareholding immediately before the Consolidation.

 

In addition to the Consolidation, the Company is also proposing to change its name to Signature Aviation plc at the same time. The new consolidated Shares are expected on Monday 25 November 2019.

 

The proposals are subject to Shareholder approval at a General Meeting to be held on 22 November 2019. If you wish to vote in respect of the proposals you will need to give us your instruction below before our noon on Tuesday 19 November 2019 deadline.

 

Please note, if the proposals are approved, we will credit the new post-Consolidation Signature Aviation plc Shares to your Account upon receipt from the Registrar which may not be before 8.00am on Monday 25 November 2019.

 

Details of this event will be sent to Qualifying Hargreaves Lansdown clients by email. Please note that any instruction you give must be based on the full details provided in the email and not on the summary information outlined above. 

×
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Business summary

BBA Aviation plc is a provider of global aviation support services primarily focused on servicing the Business and General Aviation (B&GA;) market. The Company provides full-service support for B&GA; travel including fueling, ground handling, hangarage, passenger and pilot services and amenities. The Company’s business includes Signature, and Engine Repair and Overhaul (ERO). Signature is the fixed base operation (FBO) network for B&GA; travelers and provides full-service flight support and non-fuel services, including technical support and aircraft management and charter, for passengers, crew and aircraft in the B&GA; space. It provides fuel and fuel related services at FBOs across North America including fuel purchasing cards and transaction processing. Its ERO business provides independent engine service to global B&GA; operators, the rotorcraft market and regional airline fleets.

Contact details

Address:
105 Wigmore Street
LONDON
W1U 1QY
United Kingdom
Telephone:
+44 (020) 75143999
Website:
www.bbaaviation.com

Important dates

Future events
Special dividend payment date 13 December 2019 13/12/19
Special ex-dividend date 25 November 2019 25/11/19
Past events
Interim dividend payment date 01 November 2019 01/11/19
Interim ex-dividend date 12 September 2019 12/09/19
General meeting 28 August 2019 28/08/19
Interim results 05 August 2019 05/08/19
Final dividend payment date 24 May 2019 24/05/19
Trading Announcement 10 May 2019 10/05/19
AGM 10 May 2019 10/05/19
Final ex-dividend date 11 April 2019 11/04/19
Annual report 01 April 2019 01/04/19
Final results 05 March 2019 05/03/19

General stock information

EPIC:
BBA
ISIN:
GB00B1FP8915
Market cap:
£3.14 billion
Shares in issue:
1.05 billion
Sector:
Industrial Transportation
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE 250,FTSE 350,FTSE All Share

Key personnel

  • Mark Johnstone
    Group Chief Executive Officer, Executive Director
  • David Crook
    Finance Director, Executive Director
  • Gareth Hall
    President and Managing Director of Ontic
  • Erik Keller
    Group Chief Information Officer
  • .. ..
    Group General Counsel
  • Kevin Erickson
    Group Director of Human Resources
  • Shawn Hall
    Chief Commercial Officer of Signature Flight Support
  • Tony Lefebvre
    Chief Operating Officer of Signature Flight Support
  • David Blizzard
    Group Company Secretary

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.