REG - Avingtrans PLC - Share Incentive Awards <Origin Href="QuoteRef">AVG.L</Origin>

AvingtransAnnouncement

21/12/2016 14:20

RNS Number : 5078S
Avingtrans PLC
21 December 2016
21 December 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Share Incentive Awards
Avingtrans plc announces that the Company has today, under the terms of the Company's CSOP share scheme (the "CSOP"), made grants of awards over ordinary shares of 5p each in the Company ("Ordinary Shares") to Directors and senior managers, as set out below.
Awards under the CSOP 
On 21December 2016, the Board of Avingtrans, in accordance with the Company's CSOP, granted options over 200,750 Ordinary Shares with an option price of 193 pence per Ordinary Share to the following Directors of the Company. 
Director
Number of Ordinary Shares subject to CSOP awards
Steve McQuillan
15,250
Stephen King
15,250
All of the options granted may not be exercised until 3 years from the date of grant and are subject to a performance condition. The performance condition for each of these options is that the increase in adjusted EPS must be at least equal to the increase in RPI over the vesting period.
Enquiries:
Avingtrans plc
Steve McQuillan, CEO
Stephen King, CFO
0135 469 2391
N+1 Singer
Shaun Dobson
Lauren Kettle
020 7496 3000
Newgate
(Financial PR)
Adam Lloyd
Ed Treadwell
020 7653 9850
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.
Energy and medical, engaged in the design and manufacture of safety critical equipment for the energy, medical, science and research communities, including oil and gas extraction and processing equipment, nuclear process plant, machined and fabricated pressure and vacuum vessels and components. Also, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.
The strategy of the group, is to "buy and build" in regulated engineering niche markets, where we can see potential consolidation opportunities, which can lead to significantly increased shareholder value over the medium to long term.
EU Market Abuse Regulation
The notifications set out below are provided in accordance with the requirements of the EU Market
Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated


a)
Name
Steve McQuillan
2
Reason for the notification
a)
Position/status
CEO
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avingtrans plc
b)
LEI
n/a
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
Share options over ordinary shares of 5p each in the Company granted under the CSOP share scheme

Identification Code
GB0009188797
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
15,250
d)
Aggregated information
- Aggregated volume
- Price
n/a - single transaction
e)
Date of the transaction
21 December 2016
f)
Place of the transaction
Off-market transaction
1
Details of the person discharging managerial responsibilities / person closely associated


a)
Name
Stephen King
2
Reason for the notification
a)
Position/status
CFO
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avingtrans plc
b)
LEI
n/a
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
Share options over ordinary shares of 5p each in the Company granted under the CSOP share scheme

Identification Code
GB0009188797
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
15,250
d)
Aggregated information
- Aggregated volume
- Price
n/a - single transaction
e)
Date of the transaction
21 December 2016
f)
Place of the transaction
Off-market transaction
1
Details of the person discharging managerial responsibilities / person closely associated


a)
Name
Austen Adams
2
Reason for the notification
a)
Position/status
Managing Director, Energy & Medical Division (PDMR)
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avingtrans plc
b)
LEI
n/a
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
Share options over ordinary shares of 5p each in the Company granted under the CSOP share scheme

Identification Code
GB0009188797
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
15,250
d)
Aggregated information
- Aggregated volume
- Price
n/a - single transaction
e)
Date of the transaction
21 December 2016
f)
Place of the transaction
Off-market transaction
1
Details of the person discharging managerial responsibilities / person closely associated


a)
Name
Chris Lewis-Jones
2
Reason for the notification
a)
Position/status
Finance Director, Energy & Medical Division (PDMR)
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avingtrans plc
b)
LEI
n/a
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
Share options over ordinary shares of 5p each in the Company granted under the CSOP share scheme

Identification Code
GB0009188797
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
40,000
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
21 December 2016
f)
Place of the transaction
Off-market transaction

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