SKYW Skywest Air

TIDMSKYW

RNS Number : 9221Q

Skywest Airlines Limited

12 November 2012

ASX code SXR

AIM code SKYW

12 November 2012

SKYWEST AIRLINES LTD

("Skywest" or "the Company")

Exercise of Warrants, Directors dealing and Issue of Equity

Skywest, the Australian and South East Asia regional airline, announces that pursuant to the exercise of warrants on 12 November 2012 it has issued 3,300,000 fully paid new ordinary shares.

Application will be made for the new ordinary shares to be admitted to trading on the AIM Market. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 16 November 2012.

In accordance with FSA's Disclosure and Transparency Rules and subsequent to the latest share issue, the Company advises that its total capital comprises 213,940,000 Ordinary Shares.

The Company currently holds 900,000 Ordinary Shares in Treasury and as such the Company's issued share capital (excluding treasury shares) consists of 213,040,000 ordinary shares, with one voting right per share.

The above figure of 213,040,000 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Exercise of Warrants

-- 2,000,000 warrants were exercised at a price of 23.5 pence by Epsom Assets, a company in which Jeff Chatfield, a director in the Company is beneficially interested. As a result Mr Chatfield's total direct and indirect holding is 36,120,955 Ordinary Shares.

-- 400,000 warrants were exercised at a price of 23.5 pence, and a further 300,000 warrants were exercised at a price of 25.78 pence by Mibago (S) Pte Ltd, a company in which John Jost, a director in the Company is beneficially interested. As a result Mr Jost's total direct and indirect holding is 4,702,662 Ordinary Shares.

-- 200,000 warrants were exercised at a price of 23.5 pence, and a further 300,000 warrants were exercised at a price of 25.78 pence by Seah Kian Peng, a director in the Company. As a result Ms Peng's total direct and indirect holding is 2,050,000 Ordinary Shares.

-- 100,000 warrants were exercised at a price of 23.5 pence by Ron Aitkenhead, a director in the Company. As a result Mr Aitkenhead's total direct and indirect holding is 200,000 Ordinary Shares.

--ENDS--

Enquiries:

Skywest Airlines Ltd

Jeff Chatfield, Executive Chairman 07783 942 553

Nominated Adviser

James Joyce, W H Ireland Limited 0207 220 1666

Company Stockbroker

W H Ireland Limited 0207 220 1670

Financial Public Relations

Bishopsgate Communications 0207 562 3350

Nick Rome

skywest@bishopsgatecommunications.com

Media Enquiries in Australia

Brian O'Dwyer +61 420 716 915

Websites

www.skywest.com.au

www.advent.com.sg

www.skywest.com.sg

This information is provided by RNS

The company news service from the London Stock Exchange

END

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