Picture of Avingtrans logo

AVG Avingtrans News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsBalancedSmall CapHigh Flyer

REG - Avingtrans PLC - Publication of Scheme Document <Origin Href="QuoteRef">AVG.L</Origin>

RNS Number : 4369M
Avingtrans PLC
28 July 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Avingtrans plc

("Avingtrans" or the "Group")

Publication of Scheme Document

Further to the announcement by Avingtrans and Hayward Tyler Group plc ("Hayward Tyler") on 30 June 2017 relating to the recommended acquisition of Hayward Tyler by Avingtrans (the "Acquisition"), to be effected by way of a scheme of arrangement (the "Scheme"), the Board of Avingtrans notes the announcement today by Hayward Tyler confirming that it has published a circular setting out further information about the Acquisition and the Scheme, together with notices of the court meeting and general meeting of Hayward Tyler shareholders to be held in connection with the Scheme.

As a result of its size, the Acquisition constitutes a reverse takeover for Avingtrans under the AIM Rules for Companies. The Company confirms that it expects to publish an admission document in connection with the readmission to trading on AIM of the enlarged group on or around 1 August 2017.

Enquiries:

Avingtrans plc

Roger McDowell, Chairman

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer

01354 692391



N+1 Singer

(Nominated Adviser)

Shaun Dobson

Richard Lindley

Lauren Kettle

020 7496 3000



Newgate

(Financial PR)

Adam Lloyd / Ed Treadwell

020 7653 9850

About Avingtrans plc:

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical, industrial and traffic management industries worldwide.

Energy and Medical

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.

Maloney Metalcraft Ltd - Aldridge, UK

Designs, manufactures and services oil and gas extraction and processing equipment, including process plant for dehydration, sweetening, drying and compression.

Crown International Ltd - Portishead, UK

Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.

Composite Products Ltd - Buckingham, UK

Centre for composite technology, parts and assemblies, serving customers in industrial markets.

Scientific Magnetics - Abingdon, UK

Designs and manufactures superconducting magnet systems and associated cryogenic systems for a variety of markets, including magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR), magnetic separation, surface science and nano-science.


This information is provided by RNS
The company news service from the London Stock Exchange
END
FURLIFEADEITFID

Recent news on Avingtrans

See all news