Director/PDMR Shareholding

RNS Number : 6511V

Avingtrans PLC

30 October 2014

 



Avingtrans Plc

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

Director Dealings: Exercise of share options

Avingtrans (AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors  announces that it was notified on 29 October 2014 of the transactions described below in the ordinary shares of the Company by the directors.

On 29 October 2014, the Company was notified of the vesting and exercise of certain  option awards over ordinary shares of 5p each in the Company ("Ordinary Shares") in the Executive Shared Ownership Plan ("the ExSOP "). The option awards were issued to the directors in September 2011 and the vesting criteria, being growth in adjusted basic earnings per share equalling the increase in the retail price index over the three year vesting period, has been achieved.

Details of the exercise of options by Steve McQuillan and Stephen King and the subsequent beneficial holdings of each director following the transactions are set out below:

Director	Number of Options	Number of Ordinary Shares which have vested to each Director	Beneficial interest in Ordinary Shares after the transaction	Percentage interest in Ordinary Shares after the transaction
Steve McQuillan	195,000	117,028	330,566	1.2%
Stephen King	130,000	78,019	286,071	1.0%

For further information, please contact:

Enquiries:

Avingtrans plc                                                                                                   0115 949 9020

Steve McQuillan, CEO

Stephen King, CFO 

Numis                                                                                            

David Poutney (Corporate Broking)                                                        0207 260 1000

Richard Thomas (Corporate Finance and Nominated Adviser)     

Newgate Threadneedle                                                                               020 7653 9850

(Financial PR)

Josh Royston / Heather Armstrong

About Avingtrans Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide. The business is made up of 2 divisions: • Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and; • Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

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