REG - Avingtrans PLC - PDMR Dealings
26/03/2024 11:15
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RNS Number : 3434I Avingtrans PLC 26 March 2024
26 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 dealings in its shares by certain PDMRs as
detailed below:
On 25 March 2024, Stephen King & Austen Adams sold 5,400 and 110,000
ordinary shares of 5 pence each ("Ordinary Shares") at a price of 390.0 pence
per Ordinary Share respectively.
Subsequently on 26 March 2024, Austen Adams purchased 5,166 Ordinary Shares
into his ISA at a price of 387.0 pence per Ordinary Share.
As a result of the above activity, Stephen King & Austen Adams' interest
in the Company's issued share capital are 411,938 and 158,301 Ordinary Shares
respectively, representing 1.2% and 0.5% of the Company's enlarged share
capital respectively.
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 Steve King
2 Reason for the notification
a) Position/status CFO
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) Sale of Ordinary Shares
Price(s) Volume(s)
390.00p 5,400
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 25 March 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
25 March 2024
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Austen Adams
2 Reason for the notification
a) Position/status MD, 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 5p each
Identification code ISIN: GB0009188797
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s) Sale of Ordinary Shares
Price(s) Volume(s)
390.00p 110,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 25 March 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
25 March 2024
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Austen Adams
2 Reason for the notification
a) Position/status MD, 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 5p each
Identification code ISIN: GB0009188797
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Sale of Ordinary Shares
Price(s) Volume(s)
387.00p 15,166
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 26 March 2024
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
n/a
- Aggregated volume
- Price
e)
Date of the transaction
26 March 2024
f)
Place of the transaction
London Stock Exchange, AIM
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