TIDMAVG
RNS Number : 1651T
Avingtrans PLC
22 November 2021
22 November 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
Shares Awarded Under Joint Ownership EBT
Austen has been awarded 32,281 Ordinary Shares out of the
Company's Employee Benefit Trust
Sale of Shares
Following the PDMR award of Ordinary Shares from the Company's
EBT, Austen immediately sold 32,281 Ordinary Shares at an
aggregated price of 440.00 pence per Ordinary Share.
Purchase of shares into ISA
Austen subsequently purchased a total of 8,839 Ordinary Shares
at aggregated price of 451.88 pence per Ordinary Share into his and
his wife's ISA's.
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 increased to 146,171 (1) Ordinary
Shares, representing 0.45% of the Company's enlarged share
capital.
(1) This figure includes 141,747 Ordinary Shares held by Tracey
Adams
Issue of Equity
In connection with the exercise of options by other members of
staff, the Company has issued, conditional on admission to trading
on AIM, a total of 104,000 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 26 November 2021
("Admission").
Total Voting Rights
Following the issue of the 104,000 New Ordinary Shares the
Company will have a total of 32,126,320 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
Oliver Platts
Rachel Hayes
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 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 32,281
----------
----------------------------- ---------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 22 November 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)
440.00 32,281
----------
----------------------------- -----------------------------------
d) Aggregated
information
- Aggregated
volume 32,281
- Price 440.00
e) Date of 22 November 2021
the transaction
----------------------------- -------------------------------------
f) Place of London Stock Exchange
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 Purchase of Ordinary Shares
the transaction
----------------------------- -----------------------------------------
c) Price(s)
and volume(s)
---------------------------------------
Price(s) Volume(s)
451.88 4,415
451.88 4,424
----------
----------------------------- ---------------------------------------
d) Aggregated
information
- Aggregated
volume 8,839
- Price 451.88
e) Date of 22 November 2021
the transaction
----------------------------- -----------------------------------------
f) Place of London Stock Exchange
the transaction
----------------------------- -----------------------------------------
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END
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November 22, 2021 09:31 ET (14:31 GMT)
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