Appointment of joint broker

RNS Number : 8754K

Avingtrans PLC

27 September 2016

 

27 September 2016

Avingtrans plc

("Avingtrans" or the "Company")

Appointment of joint broker

Avingtrans, a manufacturer of critical components, systems and associated services to the global energy, medical and traffic management sectors, is pleased to announce that it has appointed N+1 Singer Advisory LLP ("N+1 Singer") as its joint broker with immediate effect. In addition, Avingtrans confirms that it intends to appoint N+1 Singer as its nominated adviser and sole broker upon completion of the anticipated tender offer.

A further announcement confirming the appointment will be released in due course.

Enquiries

Avingtrans plc Steve McQuillan, CEO Stephen King, CFO	0115 949 9020
Numis Securities Limited (Nominated Adviser and Joint Broker) Tom Ballard (Corporate Broking) Richard Thomas (Corporate Finance)	020 7260 1000
N+1 Singer (Joint Broker) Shaun Dobson Lauren Kettle	020 7496 3000
Newgate (Financial PR) Adam Lloyd Ed Treadwell	020 7653 9850

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.  

Energy and medical, engaged in the design and manufacture of safety critical equipment for the energy, medical, science and research communities, including oil and gas extraction and processing equipment, nuclear process plant, machined and fabricated pressure and vacuum vessels and components. Also, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

The strategy of the group, is to "buy and build" in regulated engineering niche markets, where we can see potential consolidation opportunities, which can lead to significantly increased shareholder value over the medium to long term. 

 

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