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REG - Avingtrans PLC - Directorate Change

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RNS Number : 4756C  Avingtrans PLC  23 February 2022

23 February 2022

Avingtrans Plc

("Avingtrans", the "Company", or the "Group")

Non-Executive Director Appointment

 

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, is pleased to announce the appointment of Jo Reedman,
as an independent Non-Executive Director ("NED"), effective on 1(st) March
2022.

Jo has over 20 years' experience as an equity research analyst, focusing on
capital goods/industrials companies in both sell-side and buy-side roles. She
was a Senior Research Analyst at Singer Capital Markets (previously N+1
Singer) from 2009 to 2019. Prior to this, she held roles at Merrill Lynch,
British Steel Pension Fund and NatWest Markets. Jo has a BA Hons in
Mathematics from St Hilda's College, Oxford.

Upon appointment, Jo will join the Audit, Remuneration and Nomination
committees. Following her appointment, the board will comprise a Non-Executive
Chairman, two Executive Directors and three Non-Executive Directors, all of
whom are independent.

Roger McDowell, Chairman of Avingtrans, commented:

'I am delighted to welcome Jo Reedman to the Avingtrans Board. Jo brings a
wealth of experience and understanding of industrial and engineering
businesses, from her background as research analyst. I'm confident that she
will bring new ideas and thinking to the Board debate, coupled with strong
financial insight.'

Joanne Samantha Reedman (aged 52) does not currently hold any directorships or
partnerships and has not previously held any directorships or partnerships in
the past five years.

Save as disclosed above, there is no further information to be disclosed in
respect of the above appointment, pursuant to Rule 17 and Schedule 2 paragraph
(g) of the AIM Rules for companies.

Enquiries:

 Avingtrans plc                                         01354 692391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)  02074 963000
 Shaun Dobson

 Alex Bond

 Oliver Platts

 Rachel Hayes

 IFC Advisory (Financial PR)                            020 3934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

 

 

 

 

 

About Avingtrans plc:

 

Avingtrans designs, manufactures and supplies original equipment, systems and
associated aftermarket services to the energy, medical and industrial markets
worldwide.

 

Business units

 

 Hayward Tyler - Luton & East Kilbride, UK and USA, China and India

 Specialises in the design, manufacture and servicing of performance-critical
 motors and pumps for challenging environments.

 Energy Steel, Inc - Rochester Hills, Michigan, USA

 Provider of custom fabrications for the nuclear industry, specialising in: OEM
 parts obsolescence; custom fabrications; engineering design solutions; product
 refurbishment; on-site technical support.

 Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China

 Provider of safety-critical equipment for the energy, medical, science and
 research communities, worldwide, specialising in precision pressure and vacuum
 vessels and associated fabrications, sub-assemblies and systems.

 Booth Industries - Bolton, UK

 Designs, manufactures, installs and services doors and walls which can be
 tailored to be: blast &explosion proof; fireproof; acoustically shielded;
 high security/safety; or combinations of the above

 Ormandy Group, Bradford, UK

 Design, manufacturers and servicing of off-site plant, heat exchangers and
 other HVAC (heating, ventilation and air conditioning) products

 Composite Products Ltd - Buckingham, UK

 Centre for composite technology, parts and assemblies, serving customers in
 industrial markets.

 Magnetica Ltd - Brisbane, Australia

 Magnetica Limited specialises in the development of next generation MRI
 technologies, including dedicated extremity MRI systems and MRI system
 components. Magnetica has successfully built and tested a compact, integrated
 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
 Commercialisation of this system (and others) is on-going. Magnetica's
 structure now includes two other business units:

 Scientific Magnetics - Abingdon, UK

 Designs and manufactures superconducting magnet systems and associated
 cryogenics for a variety of markets including MRI and provides services for
 Nuclear Magnetic Resonance instruments.

 Tecmag Inc, Houston, USA

 Designs, manufactures and installs instrumentation, including consoles, system
 upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear
 Magnetic Resonance (NMR) systems.

 

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