Director/PDMR Shareholding

Avingtrans PLC 16 March 2006 Avingtrans plc Director Shareholding 16 March 2006 Avingtrans plc ('Avingtrans' or 'the Company') announces that it was notified on 15 March 2006 of the following transactions in the ordinary shares of the Company made by Steven Lawrence, a director of the Company. On 15 March 2006, Mr Lawrence exercised 398,000 warrants over ordinary shares in the Company at a price per warrant of 50 pence. These warrants had been issued to him pursuant to the acquisition of the Jena Group, which was completed on 28 June 2002. Also on 15 March, Mr Lawrence agreed to sell 148,000 ordinary shares at a price per share of 147 pence following admission of the new ordinary shares being admitted to AIM in order to pay costs associated with the exercise of the warrants. The net change in Mr Lawrence's holding in ordinary shares in the Company as a result of these transactions is an increase of 250,000 ordinary shares. Following the above described transaction, Steve Lawrence holds 250,000 ordinary shares in the Company, representing 1.62% of the enlarged issued share capital of the Company. In addition, Mr Lawrence holds 112,000 warrants, which may vest dependent on the Company's earnings per share for the year to 31 May 2006, and 75,000 share options. Pursuant to the above described exercise of warrants by Mr Lawrence, Avingtrans announces that 398,000 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 21 March 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 15,432,086 ordinary shares. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Avingtrans (AVG)
UK 100

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