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RNS Number : 1651T Avingtrans PLC 22 November 2021
22 November 2021
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 critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, announces certain dealings in its shares by Austen
Adams (an MD within the Company's Process Solutions & Rotating Equipment
and a PDMR of the Company), and other staff members pursuant to the Company's
Share Option Plan ("CSOP") and Executive Share Option Plan.
PDMR Dealings
Shares Awarded Under Joint Ownership EBT
Austen has been awarded 32,281 Ordinary Shares out of the Company's Employee
Benefit Trust
Sale of Shares
Following the PDMR award of Ordinary Shares from the Company's EBT, Austen
immediately sold 32,281 Ordinary Shares at an aggregated price of 440.00 pence
per Ordinary Share.
Purchase of shares into ISA
Austen subsequently purchased a total of 8,839 Ordinary Shares at aggregated
price of 451.88 pence per Ordinary Share into his and his wife's ISA's.
As a result of the above activity (and following the issue of new Ordinary
Shares as set out below), Austen's interest in the Company's issued share
capital increased to 146,171((1)) Ordinary Shares, representing 0.45% of the
Company's enlarged share capital.
((1))This figure includes 141,747 Ordinary Shares held by Tracey Adams
Issue of Equity
In connection with the exercise of options by other members of staff, the
Company has issued, conditional on admission to trading on AIM, a total of
104,000 new ordinary shares of 5 pence each ("New Ordinary Shares") in the
Company. Application for admission of the New Ordinary Shares to trading on
AIM has been made and admission is expected to occur on or around 26 November
2021 ("Admission").
Total Voting Rights
Following the issue of the 104,000 New Ordinary Shares the Company will have a
total of 32,126,320 Ordinary Shares in issue. The Company does not hold any
shares in Treasury. The above figure may therefore 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 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
Rachel Hayes
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 Austen Adams
2 Reason for the notification
a) Position/status PDMR
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 Award of Shares
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
Nil 32,281
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 22 November 2021
f) Place of the transaction Off market
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
22 November 2021
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 PDMR
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 Sale of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
440.00 32,281
d) Aggregated information
- Aggregated volume 32,281
- Price 440.00
e) Date of the transaction 22 November 2021
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
32,281
- Price
440.00
e)
Date of the transaction
22 November 2021
f)
Place of the transaction
London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Austen Adams
2 Reason for the notification
a) Position/status PDMR
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 Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
451.88 4,415
451.88 4,424
d) Aggregated information
- Aggregated volume 8,839
- Price 451.88
e) Date of the transaction 22 November 2021
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
8,839
- Price
451.88
e)
Date of the transaction
22 November 2021
f)
Place of the transaction
London Stock Exchange
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