Exercise of Share Options

RNS Number : 1072S

Avingtrans PLC

15 March 2016

 

Avingtrans Plc

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

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 on 14 March 2016 the Company issued 16,000 ordinary shares of 5 pence each ("Ordinary Shares") following the exercise of options under the Company's CSOP share option scheme.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 18 March 2016. Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

After admission of these new shares, the Company's total issued share capital is 27,746,564 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 27,746,564.

The above figure 27,746,564 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, Avingtrans under the FSA's Disclosure and Transparency Rules.

Enquiries:

Avingtrans plc Steve McQuillan, CEO Stephen King, CFO	0115 949 9020
Numis Securities Limited David Poutney / Tom Ballard (Corporate Broking) Richard Thomas (Corporate Finance and Nominated Adviser)	020 7260 1000
Newgate    (Financial PR) Adam Lloyd Ed   Treadwell	020 7653 9850

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components 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 manufacture of machined and fabricated pressure and vacuum vessels and components for the energy, medical, science and research communities. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

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