Avingtrans PLC
21 December 2006
Avingtrans plc
Director Shareholding
21 December 2006
Avingtrans plc was notified on 20 December 2006 of the following transactions in
shares of the Company that were made on 19 December 2006 by directors of the
Company.
On 19 December 2006, Ken Baker exercised and sold 60,000 options over ordinary
shares in the Company. Also on 19 December 2006, Steve Lawrence exercised and
sold 50,000 options over ordinary shares in the Company. The sales were
completed to meet demand from institutional shareholders
Both sales were completed at a price per share of 167 pence.
Pursuant to the above described exercise of share options by Mr Baker and Mr
Lawrence, Avingtrans announces that 110,000 ordinary shares of 5p each in the
Company have been allotted. Application has been made to the London Stock
Exchange for the new ordinary shares to be admitted to Alternative Investment
Market and it is expected that admission will take place on 29 December 2006.
The new ordinary shares will rank pari passu with the existing shares of the
Company. Following the allotment the total issued share capital of the Company
has increased to 17,463,577 ordinary shares.
Enquiries
Avingtrans plc 01159 499 020
Stephen King
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