TIDMAVG
RNS Number : 9185E
Avingtrans PLC
12 July 2021
12 July 2021
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Exercise of Options, PDMR Dealings and Total Voting Rights
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 Austen Adams (an MD within the
Company's Process Solutions & Rotating Equipment and a PDMR of
the Company), and other staff members pursuant to the Company's
Share Option Plan ("CSOP") and Executive Share Option Plan.
PDMR Dealings
Exercise of Options
Austen Adams exercised options over ordinary shares of 5 pence
each ("Ordinary Shares") as follows (together the "PDMR
Exercise"):
Plan Options exercised Exercise price
over Ordinary Shares
FY16 CSOP Approved 15,250 178p
FY13 CSOP Unapproved 3,000 176p
Total 18,250
Shares Awarded Under Joint Ownership EBT
Furthermore, Austen has been awarded 117,454 Ordinary Shares out
of the Company's Employee Benefit Trust.
Sale of Shares
Following the PDMR Exercise and award of shares from EBT, Austen
immediately sold 35,704 Ordinary Shares at an aggregated price of
418.97 pence per Ordinary Share.
As a result of the above activity (and following the issue of
new Ordinary Shares as set out below), Austen's interest in the
Company's issued share capital will increase from 37,332 Ordinary
Shares to 137,332 (1) Ordinary Shares, representing 0.4% of the
Company's enlarged share capital.
(1) This figure includes 32,332 Ordinary Shares held by Tracey
Adams
Issue of Equity
In connection with the PDMR Exercise and exercise of options by
other members of staff, the Company has issued, conditional on
admission to trading on AIM, a total of 38,125 new ordinary shares
of 5 pence each ("New Ordinary Shares") in the Company. Application
for admission of the New Ordinary Shares to trading on AIM has been
made and admission is expected to occur on or around 15 July 2021
("Admission").
Total Voting Rights
Following the issue of the 38,125 new Ordinary Shares the
Company will have a total of 32,009,432 Ordinary Shares in issue.
The Company does not hold any shares in Treasury. The above figure
may therefore 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, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
The above information is provided by the Company in accordance
with its obligations under the FCA's Disclosure Guidance and
Transparency Rules.
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer Stephen King,
Chief Financial Officer
Singer Capital Markets (Nominated
Adviser) 02074 963000
Shaun Dobson/Alex Bond (Corporate Finance) Rachel Hayes
(Corporate Broking)
IFC Advisory Ltd 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, UK and 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 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.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls
which can be tailored to be: blast &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.
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 Austen Adams
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR
---------------------------- -------------------------------------
Initial Initial notification
notification
/Amendment
---------------------------- -------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of
instrument
Identification ISIN: GB0009188797
code
b) Nature of Exercise of options
the transaction
---------------------------- -------------------------------------
c) Price(s)
and volume(s)
-----------------------------------
Exercise Volume(s)
Price(s)
178.0p 15,250
176.0p 3,000
----------
---------------------------- -----------------------------------
d) Aggregated
information
- Aggregated
volume 18,250
- Price 177.67p
e) Date of 8 July 2021
the transaction
---------------------------- -------------------------------------
f) Place of Off market
the transaction
---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Austen Adams
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR
----------------------------- ---------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Shares
the transaction
----------------------------- ---------------------------------------
c) Price(s)
and volume(s)
---------------------------------
Exercise Volume(s)
Price(s)
Nil 117,454
----------
----------------------------- ---------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 8 July 2021
transaction
----------------------------- ---------------------------------------
f) Place of Off market
the transaction
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Austen Adams
----------------------------- -------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status PDMR
----------------------------- -------------------------------------
Initial Initial notification
notification
/Amendment
----------------------------- -------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of
instrument
Identification ISIN: GB0009188797
code
b) Nature of Sale of Ordinary Shares
the transaction
----------------------------- -------------------------------------
c) Price(s)
and volume(s)
-----------------------------------
Price(s) Volume(s)
418.97 35,704
----------
----------------------------- -----------------------------------
d) Aggregated
information
- Aggregated
volume 35,704
- Price 418.97
e) Date of 12 July 2021
the transaction
----------------------------- -------------------------------------
f) Place of London Stock Exchange
the transaction
----------------------------- -------------------------------------
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END
DSHGCGDRCSBDGBD
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July 12, 2021 05:51 ET (09:51 GMT)
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