REG - Avingtrans PLC - Employee & PDMR Share Incentive Awards

AvingtransAnnouncement

24/11/2020 14:55

RNS Number : 3700G
  
Avingtrans PLC
  
24 November 2020
  
 

Avingtrans Plc
 
("Avingtrans" or the "Company" or the "Group")
 
Employee & PDMR Share Incentive Awards
 
Avingtrans plc announces that on 24 November 2020, the Board of Avingtrans, in accordance with the Company's Share Option Plan (the "CSOP"), granted options over 600,500 ordinary shares of 5p each in the Company ("Ordinary Shares") with an exercise price of 288.0 pence per Ordinary Share (the "CSOP Awards"). The following CSOP Awards were granted to Directors:
 
 



Director


Number of Ordinary Shares subject to CSOP awards




Steve McQuillan


180,000




Stephen King


160,000



 
Furthermore Austen Adams, Managing Director of the Group's PSRE Division and a PDMR of the Company, has been granted CSOP Awards over a total of 110,000 Ordinary Shares.
 
The CSOP Awards may not be exercised until 3 years from the date of grant and are subject to a performance condition, being the increase in the Company's adjusted EPS must be at least equal to the increase in RPI over the vesting period.
 
Enquiries:



Avingtrans plc


01354 692391




Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
 








N+1 Singer (Nominated Adviser)


02074 963000




Shaun Dobson/Alex Bond (Corporate Finance)
Rachel Hayes (Corporate Broking)
 








Newgate (Financial PR)


02076 539850




Adam Lloyd/ Tom Carnegie







 
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 - Lapeer, 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
 
Peter Brotherhood - Peterborough, UK
Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems.
 
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers in industrial markets.
 
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.



 
 
 



1


Details of the person discharging managerial responsibilities / person closely associated 




a)
 


Name 


Steve McQuillan 




2
 


Reason for the notification
 




a)
 


Position/status


Chief Executive Officer




 
 


Initial notification /Amendment 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a)
 


Name 


Avingtrans PLC




b)
 


LEI 


213800ZZ96CKPI423E86
 




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Options over Ordinary Shares of 5p each














Identification code


ISIN: GB0009188797
 














b)
 


Nature of the transaction 


Award of ordinary shares pursuant to the Company Share Option Plan
 




c)
 


Price(s) and volume(s)































Exercise Price(s)


Volume(s)




288.0 pence


180,000
















d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction 


24 November 2020




f)
 


Place of the transaction


Off market



 
 



1


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Stephen King




2
 


Reason for the notification
 




a)
 


Position/status
 


Chief Financial Officer




 
 


Initial notification /Amendment
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 


Avingtrans PLC




b)
 


LEI
 


213800ZZ96CKPI423E86
 




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Options over Ordinary Shares of 5p each














Identification code


ISIN: GB0009188797
 














b)
 


Nature of the transaction
 
 


Award of ordinary shares pursuant to the Company Share Option Plan
 




c)
 


Price(s) and volume(s)































Exercise Price(s)


Volume(s)




288.0 pence


160,000
















d)
 


Aggregated information


















- Aggregated volume


N/A














- Price


N/A














e)
 


Date of the transaction
 


24 November 2020




f)
 


Place of the transaction
 


Off-market



 



1


Details of the person discharging managerial responsibilities / person closely associated 




a)
 


Name 


Austen Adams




2
 


Reason for the notification
 




a)
 


Position/status


Managing Director, PSRE Division




 
 


Initial notification /Amendment 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a)
 


Name 


Avingtrans PLC




b)
 


LEI 


213800ZZ96CKPI423E86
 




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Options over Ordinary Shares of 5p each














Identification code


ISIN: GB0009188797
 














b)
 


Nature of the transaction 


Award of ordinary shares pursuant to the Company Share Option Plan
 




c)
 


Price(s) and volume(s)































Exercise Price(s)


Volume(s)




288.0 pence


110,000
















d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction 


24 November 2020




f)
 


Place of the transaction


Off market



 
 

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