Gama Aviation is intending to raise £48 million (approximately US$67 million) through a conditional placing of 19,591,837 new ordinary shares of one pence each in the company with institutional and other investors at a placing price of 245 pence per placing share. Hutchison Capital Holdings, an affiliate of Hutchison Whampoa (China), has agreed to subscribe for new Ordinary Shares in the Placing comprising approximately 21% of the Enlarged Issued Share Capital. US$19.8 million of the proceeds from the Placing will be used to acquire Hutchison’s Hong Kong aviation interests: its 50% stake in Gama Aviation Hutchison Holdings (GAHH) and its
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