Gama Aviation delists from LSE, tender offer of $40 million return to shareholders

Gama Aviation has delisted from the London Stock Exchange (LSE) and has proposed a tender offer of £32.6 million (approximately $40.9 million) return of capital to shareholders. The company said the delisting will allow it to realise permanent cost savings and will free management time to focus on executing its strategy. The decision to delist was primarily driven by the lack of liquidity in the shares, which would be further reduced as a result of the tender, limiting the institutional interest in the stock, thus not giving shareholders a real opportunity to trade the shares. Gama Aviation said that the