Avingtrans PLC Result of High Court Hearing & Total Voting Rights (3553P)
August 30 2017 - 11:30AM
UK Regulatory
TIDMAVG
RNS Number : 3553P
Avingtrans PLC
30 August 2017
Avingtrans plc
("Avingtrans" or the "Company")
Result of High Court Hearing & Total Voting Rights
Avingtrans plc (AIM: AVG) announces that, in connection with the
proposed acquisition of Hayward Tyler Group plc ("HTG") to be
effected by means of a scheme of arrangement under Part X of the
Companies Act 2006 of the Isle of Man (the "Scheme"), at the High
Court Hearing held earlier today the Scheme was duly
sanctioned.
The Scheme will therefore become effective tomorrow, 31 August
2017, with cancellation and readmission of the Company's enlarged
share capital to trading on AIM expected to take place at 8.00 a.m.
on 1 September 2017 ("Admission"). The Company confirms that
11,533,513 new ordinary shares in the capital of Avingtrans (the
"Ordinary Shares") have been issued and allotted, conditional on
Admission, to HTG shareholders in connection with the Scheme.
Following Admission, the Company will have a total of 30,704,636
Ordinary Shares in issue. Avingtrans does not hold any Ordinary
Shares in treasury and therefore following Admission, the total
number of voting rights in Avingtrans will be 30,704,636. This
figure of 30,704,636 may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, Avingtrans under the FCA's Disclosure Guidance and Transparency
Rules.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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