REG - Avingtrans PLC - Exercise of Options, PDMR Dealings and TVR

AvingtransAnnouncement

04/11/2020 07:00

RNS Number : 1155E
  
Avingtrans PLC
  
04 November 2020
  
 

Avingtrans Plc
("Avingtrans", the "Company" or the "Group")
Exercise of Options, PDMR Dealings and Total Voting Rights
Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, announces certain dealings in its shares.
 
Exercise of Options 
The Company has issued, conditional on admission to trading on AIM, a total of 50,500 new ordinary shares of 5 pence each ("New Ordinary Shares") in the Company following an exercise of certain employee share options, and options held by PDMRs (the "PDMR Options"). Application for admission of the New Ordinary Shares to trading on AIM has been made and admission is expected on 9 November 2020 ("Admission")
PDMR Dealings
Details of the exercise of PDMR Options, together with the resultant shareholdings, are set out below:



Name


Role


Current shareholding


Number of shares awarded


Resultant shareholding


Resultant percentage holding




Steve McQuillan


Chief Executive Officer


296,242


15,250


311,492(1)


0.98%




Stephen King


Chief Financial Officer


259,538


15,250


274,788(2)


0.86%



(1)   This figure includes 295,473 held by Sheena McQuillan
(2)   This figure includes 274,788 held by Helen King
Total Voting Rights
Subsequent to the issue of the New Ordinary Shares as above, the Company's total issued share capital is 31,864,594 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 31,864,594.
 
The above figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
 
The above information is provided by the Company in accordance with its obligations under the FCA's Disclosure Guidance and Transparency Rules.
 
Enquiries:



Avingtrans plc 
Steve McQuillan, CEO
Stephen King, CFO 
 


0135 469 2391




N+1 Singer (Nomad and Broker)
Shaun Dobson/ Alex Bond (Corporate Finance)
Rachel Hayes (Corporate Broking)
 


020 7496 3000




Newgate Communications (Financial PR)

Adam Lloyd
Tom Carnegie


020 7653 9850



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


Ordinary Shares of 5p each














Identification code


ISIN: GB0009188797
 














b)
 


Nature of the transaction 


Exercise of Options
 




c)
 


Price(s) and volume(s)































Exercise Price(s)


Volume(s)




193 pence


15,250
















d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction 


3 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


Ordinary Shares of 5p each














Identification code


ISIN: GB0009188797
 














b)
 


Nature of the transaction
 
 


Exercise of Share Options




c)
 


Price(s) and volume(s)































Price(s)


Volume(s)




193 pence


15,250
















d)
 


Aggregated information


















- Aggregated volume


N/A














- Price


N/A














e)
 


Date of the transaction
 


3 November 2020




f)
 


Place of the transaction
 


Off-market



 

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