REG - Avingtrans PLC - Employee & PDMR Share Incentive Awards

AvingtransAnnouncement

27/01/2023 13:30

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RNS Number : 1449O  Avingtrans PLC  27 January 2023

27 January 2023

Avingtrans plc

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

Employee & PDMR Share Incentive Awards

Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, announces that on 26 January 2023, the Board of
Avingtrans, in accordance with the Company's Share Option Plan, granted
options over 577,500 ordinary shares of 5p each in the Company ("Ordinary
Shares") with an exercise price of 410.0 pence per Ordinary Share (the "Option
Awards"). The following Option Awards were granted to Directors:

 Director         Number of Ordinary Shares subject to Option 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 Option Awards over a total of 110,000
Ordinary Shares.

The Option 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
 Singer Capital Markets (Nominated Adviser)  02074 963000
 Shaun Dobson

 Alex Bond

 Oliver Platts
 IFC Advisory Ltd                            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.

 

 

 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)
                                                                                      410.0 pence        180,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      26 January 2023

 f)   Place of the transaction                                     Off market

d)

 

Aggregated information

n/a

- Aggregated volume

- Price

e)

 

Date of the transaction

26 January 2023

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)
                                                                                      410.0  pence       160,000
 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      26 January 2023

 f)   Place of the transaction                                     Off-market

d)

 

Aggregated information

- Aggregated volume

N/A

- Price

N/A

e)

 

Date of the transaction

 

26 January 2023

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)
                                                                                      410.0 pence        110,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      26 January 2023

 f)   Place of the transaction                                     Off market

d)

 

Aggregated information

n/a

- Aggregated volume

- Price

e)

 

Date of the transaction

26 January 2023

f)

 

Place of the transaction

Off market

 

 

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