TIDMAVG

RNS Number : 0349X

Avingtrans PLC

15 December 2023

15 December 2023

Avingtrans Plc

("Avingtrans", the "Company", or the "Group")

Exercise of Options 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 that on 15 December 2023, an employee of the Group exercised options over 4,722 ordinary shares of 5p each in the Company ("Ordinary Shares").

Issue of Equity

Application has been made for the admission to trading on AIM for the 4,722 new Ordinary Shares ("Admission"). It is expected that Admission will become effective on 21 December 2023.

Total Voting Rights

Following the issue of the 4,722 new Ordinary Shares, the Company will have a total of 32,897,522 Ordinary Shares in issue. The Company does not hold any shares in Treasury.

The above figure 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, 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.

ENDS

Enquiries:

 
 Avingtrans plc 
  Les Thomas, Interim Chairman 
  Steve McQuillan, Chief Executive Officer 
  Stephen King, Chief Financial Officer       01354 692391 
 Singer Capital Markets (Nominated Adviser 
  and Broker) 
  Shaun Dobson 
  Alex Bond 
  Oliver Platts                               02074 963000 
 IFC Advisory (Financial PR) 
  Graham Herring 
  Tim Metcalfe 
  Zach Cohen                                  020 3934 6630

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 & Nottingham, UK, 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 
 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 and 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. 
 Adaptix Ltd - Oxford, UK 
 Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary 
 applications amongst others. Commercialisation of this system 
 (and others) is on-going. 
 
 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.

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END

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December 15, 2023 10:00 ET (15:00 GMT)

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