REG - Avingtrans PLC - PDMR Dealings

AvingtransAnnouncement

23/01/2023 18:15

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RNS Number : 6077N  Avingtrans PLC  23 January 2023

23 January 2023

Avingtrans Plc

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

PDMR Dealings

 

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 by Austen Adams, Divisional
MD of the Process Solutions & Rotating Equipment division, and a PDMR of
the Company.

Sales of Shares

The Company was notified that today, Austen sold 33,860 ordinary shares of 5p
each in the Company ("Ordinary Shares"), being an amount equal to the total
number of Ordinary Shares which vested to him in respect of the FY 2019 ExSOP
(as announced on 23 December 2022), at a price of 420p per Ordinary Share.

Purchase of Shares

Austen and his wife, Tracy Adams, subsequently purchased a total of 6,964
Ordinary Shares across their ISAs at a price of 430.55 pence per Ordinary
Share.

As a result of the above activity, Austen's beneficial interest in the
Company's issued share capital reduced to 153,135(1) Ordinary Shares,
representing 0.47% of the Company's enlarged share capital.

(1)This figure includes 139,077 Ordinary Shares held by Tracey Adams.

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

 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.

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Austen Adams

 2    Reason for the notification

 a)   Position/status                                              MD within the Company's Process Solutions & Rotating Equipment

      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 5 pence each

      Identification code                                          ISIN: GB0009188797

 b)   Nature of the transaction                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                                      420p      33,860

 

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      23 January 2023

 f)   Place of the transaction                                     London Stock Exchange

 

 

 

 

 

 

d)

 

Aggregated information

n/a

- Aggregated volume

- Price

e)

 

Date of the transaction

 

 

23 January 2023

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         Austen Adams (including Tracy Adams, a PCA with Austen Adams)

 2    Reason for the notification

 a)   Position/status                                              MD within the Company's Process Solutions & Rotating Equipment

      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 5 pence each

      Identification code                                          ISIN: GB0009188797

 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                                      430.55p   6,964

 

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      23 January 2023

 f)   Place of the transaction                                     London Stock Exchange

 

 

 

 

 

 

d)

 

Aggregated information

n/a

- Aggregated volume

- Price

e)

 

Date of the transaction

 

 

23 January 2023

f)

 

Place of the transaction

 

 

London Stock Exchange

 

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