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Avingtrans PLC (AVG)

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Friday 01 November, 2019

Avingtrans PLC

Director Shareholdings, Exercise of Options & TVR

RNS Number : 0416S
Avingtrans PLC
01 November 2019
 

1 November 2019 

 

Avingtrans Plc

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

Director Shareholdings, Exercise of Options and Total Voting Rights

 

Avingtrans plc, which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors, announces certain dealings in its shares.

Exercise of Options

The Company has issued, conditional on admission to trading on AIM, a total of 11,500 new ordinary shares of 5 pence each ("New Ordinary Shares") in the Company following an exercise of employee share options under its CSOP programme.  Application for admission of these New Ordinary Shares to trading on AIM has been made and admission is expected on 6 November 2019.

Shares Awarded Under ExSOP

In addition, on 31 October, the Board of Avingtrans granted awards under the Company's ExSOP over a total of 121,307 ordinary shares to certain PDMRs of the Company with each paying 0.1 pence for his interest in each ordinary share. The awarded shares are to be provided from those held by the Company's Employee Benefit Trust (the "EBT Shares"). The details of these awards, together with the resultant shareholdings, are set out below:

Name

Role

Current shareholding (including PCAs)

Number of shares awarded

Shares Purchased

Resultant shareholding (including PCAs)

Resultant percentage holding

Steve McQuillan

Chief Executive Officer

243,500

52,742

Nil

296,242(1)

0.94%

Stephen King

Chief Financial Officer

180,248

39,557

Nil

219,805(2)

0.70%

Austen Adams

MD, Process Solutions & Rotating Equipment

Nil

29,008

5,000

34,008(3)

0.11%

(1)      This figure includes 280,223 held by Sheena McQuillan (spouse)

(2)      This figure includes 219,805 held by Helen King (spouse)

(3)      This figure reflects certain additional share transactions, details of which are set out below.

PDMR Dealings

Subsequent to the award of EBT Shares, the Company was notified that on 31 October 2019 that Austen purchased an additional 5,000 New Ordinary Shares into his ISA, via an on-market purchase at a price of 2.5754 pence per ordinary share.

Total Voting Rights

Following the issue of the 11,500 new Ordinary Shares, the Company will have a total of 31,379,553 ordinary shares in issue. The Company does not hold any shares in Treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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

01354 692391

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer


N+1 Singer (Nominated Adviser)

020 7496 3000

Shaun Dobson/Lauren Kettle (Corporate Finance)

Mia Gardner/Rachel Hayes (Corporate Broking)

 

Newgate (Financial PR)

020 7653 9850

Adam Lloyd/ Tom Carnegie


 

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

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steve McQuillan

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

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

 

 

Award of Shares

 

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)

0.1

52,742



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 October 2019

f)

 

Place of the transaction

 

 

Off market

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Stephen King

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

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

 

 

Award of Shares

 

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)

0.1

39,557



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 October 2019

f)

 

Place of the transaction

 

 

Off market

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Austen Adams

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

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

 

 

Award of Shares

 

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)

0.1

29,008



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 October 2019

f)

 

Place of the transaction

 

 

Off market

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Austen Adams

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

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

 

 

Purchase of Ordinary Shares

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)

2.5754

5,000



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 October 2019

f)

 

Place of the transaction

 

 

London Stock Exchange

 


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