Exercise of Options and Total Voting Rights

RNS Number : 2163V

Avingtrans PLC

13 April 2021

 

13 April 2021 

Avingtrans Plc

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

Exercise of Options and Total Voting Rights

Avingtrans plc, which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors, announces that it has applied for 33,000 new ordinary shares of 5 pence each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 16 April 2021 following an exercise of share options. 

Following the issue of the 33,000 new Ordinary Shares the Company will have a total of 31,971,307  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.

Enquiries:

Avingtrans plc	01354692391
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King,ChiefFinancialOfficer
N+1 Singer(NominatedAdviser)	02074963000
Shaun Dobson/Alex Bond(CorporateFinance)RachelHayes(CorporateBroking)
SEC Newgate (Financial PR)	02076539850
Adam Lloyd/ Tom Carnegie

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 motorsand pumps for challenging environments.

Energy   Steel, Inc - Lapeer, 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 tailoredto 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.

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.

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 remained at the 

forefront   of  MRI systems technology, successfully designing and commercialising a 1.5 Tesla extremity MRI superconducting magnet that is now the heart ofover two hundred MRI systems world-wide. 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.

 

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