PDMR Exercise of Options and Total Voting Rights

RNS Number : 5184X

Avingtrans PLC

01 September 2020

 

1 September 2020

Avingtrans Plc

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

PDMR Exercise of Options and Total Voting Rights

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, announces that Stephen King (CFO), a PDMR in the Company, exercised 39,733 FY10 Unapproved CSOP Options for Ordinary Shares on 28 August 2020 with an option price of 39.5 pence per Ordinary Share. Avingtrans has applied for 39,733 new ordinary shares of 5 pence each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 4 September 2020. 

Following the exercise, Stephen holds 259,538 ordinary shares, representing 0.82% of the Company's issued share capital.

Subsequent to the issue of the new Ordinary Shares as above, the Company's total issued share capital is 31,792,594 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 31,792,594.

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 Steve McQuillan, CEO Stephen King, CFO	0135 469 2391
N+1 Singer (Nomad and Broker) Shaun Dobson/ Alex Bond (Corporate Finance)	020 7496 3000
Newgate Communications (Financial PR) Adam Lloyd Tom Carnegie	020 7653 9850

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 motors and 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 tailored to 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 Peter Brotherhood - Peterborough, UK Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems. 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. Crown International Ltd - Portishead, UK Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen King
2	Reason for the notification
a)	Position/status	Chief Financial Officer
	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	Exercise of Share Options
c)	Price(s) and volume(s)
			Price(s) Volume(s) 39.5.0 39,733
d)	Aggregated information
	- Aggregated volume	N/A
	- Price	N/A
e)	Date of the transaction	28 August 2020
f)	Place of the transaction	Off-market

 

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