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Avingtrans PLC (AVG)

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Thursday 29 April, 2021

Avingtrans PLC

Director Shareholdings, Exercise of Options & TVR

RNS Number : 1258X
Avingtrans PLC
29 April 2021
 

29 April 2021 

 

Avingtrans Plc

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

 

Director Shareholdings, Exercise of EBT 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.

Shares Awarded Under Joint Ownership EBT

116,330 ordinary shares are to be awarded to certain PDMRs of the Company out of 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

Number of shares awarded

Resultant shareholding

Resultant percentage holding

Steve McQuillan

Chief Executive Officer

351,601

65,148

416,749(1)

1.30%

Stephen King

Chief Financial Officer

310,253

51,182

361,435(2)

1.13%

(1)  This figure includes 335,582 held by Sheena McQuillan

(2)  This figure includes 310,253 held by Helen King

Total Voting Rights

There's is no change due to the above, the Company will have a total of 31,971,307 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

01354692391

Roger McDowell, Chairman

Steve McQuillan, Chief Executive Officer Stephen King,ChiefFinancialOfficer

N+1 Singer(NominatedAdviser)

02074963000

Shaun Dobson/Alex Bond(CorporateFinance)RachelHayes(CorporateBroking)

SEC Newgate (Financial PR)

02076539850

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

Hayward   Tyler   - Luton & East Kilbride, UK and USA, China and India

Specialises   in the design, manufacture and servicing of performance-critical motorsand 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 tailoredto 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

 

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.

 

Magnetica Ltd  -  Brisbane, Australia

Magnetica   Limited   specialises   in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has remained at the forefront of MRI systems technology, 

successfully   designing   and  commercialising a 1.5 Tesla extremity MRI superconducting magnet that is now the heart ofover two hundred MRI systems world-wide. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going.

 

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)

Nil

65,148

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

29 April 2021

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)

Nil

51,182

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

29 April 2021

f)

 

Place of the transaction

 

 

Off market

 

 

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