PDMR Dealings

Avingtrans PLC

04 March 2024

 

4 March 2024

Avingtrans plc

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

PDMR Dealings

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 Roger McDowell, Chairman.

PDMR Dealings

On 4 March 2024, Roger McDowell sold 27,900 ordinary shares of 5 pence each ("Ordinary Shares") at a price of 370.0 pence per Ordinary Share. On the same date, Roger subsequently purchased 27,900 Ordinary Shares at a price of 370.1 pence per Ordinary Share into his SIPP.

As a result of the above activity, Roger's interest[1] in the Company's issued share capital remains unchanged at 1,406,409 Ordinary Shares, representing 4.3% of the Company's enlarged share capital.

Enquiries:

Avingtrans plc	01354 692 391
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Broker)	020 7496 3000
Shaun Dobson Alex Bond Oliver Platts
IFC Advisory (Financial PR)	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 & 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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roger McDowell
2	Reason for the notification
a)	Position/status	Chairman
	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument	Ordinary Shares of 5p each
	Identification code	ISIN: GB0009188797
b)	Nature of the transaction	Sale and Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Sale of Ordinary Shares Price(s) Volume(s) 370.00p 27,900 Purchase of Ordinary Shares Price(s) Volume(s) 370.10p 27,900
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	4 March 2024
f)	Place of the transaction	London Stock Exchange, AIM

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[1] Including the interests of persons closely associated to Roger

 

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