REG - Avingtrans PLC - PDMR Dealings

AvingtransAnnouncement

04/03/2024 18:15

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RNS Number : 5385F  Avingtrans PLC  04 March 2024

4 March 2024

 

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 in its shares by Roger
McDowell, Chairman.

 

PDMR Dealings

 

On 4 March 2024, Roger McDowell sold 27,900 ordinary shares of 5 pence each
("Ordinary Shares") at a price of 370.0 pence per Ordinary Share. On the same
date, Roger subsequently purchased 27,900 Ordinary Shares at a price of 370.1
pence per Ordinary Share into his SIPP.

 

As a result of the above activity, Roger's interest 1  (#_ftn1) in the
Company's issued share capital remains unchanged at 1,406,409 Ordinary Shares,
representing 4.3% of the Company's enlarged share capital.

 

Enquiries:

 

 Avingtrans plc                                          01354 692 391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)   020 7496 3000
 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 & Nottingham, UK, 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

 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 and 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.

 Adaptix Ltd - Oxford, UK

 Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary
 applications amongst others. Commercialisation of this system (and others) is
 on-going.

 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                                                         Roger McDowell

 2    Reason for the notification

 a)   Position/status                                              Chairman

      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 and Purchase of Ordinary Shares

 c)   Price(s) and volume(s)                                                         Sale of Ordinary Shares

Price(s)  Volume(s)

                                                                                     370.00p   27,900

 

                                                                                     Purchase of Ordinary Shares

Price(s)  Volume(s)
                                                                                     370.10p   27,900

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      4 March 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

Purchase of Ordinary Shares

 Price(s)  Volume(s)
 370.10p   27,900

 

 

 

 

d)

 

Aggregated information

n/a

- Aggregated volume

- Price

e)

 

Date of the transaction

 

 

4 March 2024

f)

 

Place of the transaction

 

 

London Stock Exchange, AIM

 

 

 

 1  (#_ftnref1) Including the interests of persons closely associated to Roger

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