REG - Avingtrans PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">AVG.L</Origin>

AvingtransAnnouncement

30/10/2014 08:27

RNS Number : 6511V
Avingtrans PLC
30 October 2014
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Director Dealings: Exercise of share options
Avingtrans(AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectorsannounces that it was notified on 29 October 2014of the transactions described below in the ordinary shares of the Company by the directors.
On 29 October 2014, the Company was notified of the vesting and exercise of certain option awards over ordinary shares of 5p each in the Company ("Ordinary Shares") in the Executive Shared Ownership Plan ("the ExSOP "). The option awards were issued to the directors in September 2011 and the vesting criteria, being growth in adjusted basic earnings per share equalling the increase in the retail price index over the three year vesting period, has been achieved. 
Details of the exercise of options by Steve McQuillan and Stephen King and the subsequent beneficial holdings of each director following the transactions are set out below:
Director
Number of Options 
Number of Ordinary Shares which have vested to each Director
Beneficial interest in Ordinary Shares after the transaction
Percentage interest in Ordinary Shares after the transaction
Steve McQuillan
195,000
117,028
330,566
1.2%





Stephen King
130,000
78,019
286,071
1.0%
For further information, please contact:
Enquiries:
Avingtrans plc 0115 949 9020
Steve McQuillan, CEO
Stephen King, CFO
Numis
David Poutney (Corporate Broking) 0207 260 1000
Richard Thomas (Corporate Finance and Nominated Adviser)
Newgate Threadneedle 020 7653 9850
(Financial PR)
Josh Royston / Heather Armstrong
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide.

The business is made up of 2 divisions:

Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;
Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

This information is provided by RNS
The company news service from the London Stock Exchange
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