Avingtrans PLC Result of General Meeting (3089O)

TIDMAVG

RNS Number : 3089O

Avingtrans PLC

17 August 2017

Avingtrans plc

("Avingtrans" or the "Company")

Result of General Meeting

Avingtrans plc (AIM: AVG) announces that at the General Meeting of the Company, held in connection with the proposed acquisition of Hayward Tyler Group plc ("HTG"), to be effected by means of a scheme of arrangement under Part X of the Companies Act 2006 of the Isle of Man (the "Scheme"), which took place earlier today, all resolutions were duly passed.

The Scheme is also conditional on approval by HTG shareholders at the both the HTG Court Meeting and General Meeting (the "HTG Meetings"), to be held on 21 August 2017, and the Scheme being sanctioned by the High Court of the Isle of Man, with such court hearing to be held on 30 August 2017. Subject to the requisite approvals at the HTG Meetings and court sanction, the Scheme is expected to become effective on 31 August 2017, with readmission of the Company's enlarged share capital to trading on AIM expected to take place at 8.00 a.m. on 1 September 2017.

Enquiries:

 
 Avingtrans plc 
  Roger McDowell, Chairman 
  Steve McQuillan, Chief 
  Executive Officer 
  Stephen King, Chief Financial 
  Officer                          01354 692391 
 
 N+1 Singer 
  (Nominated Adviser) 
  Shaun Dobson 
  Richard Lindley 
  Lauren Kettle                    020 7496 3000 
 
 Newgate 
  (Financial PR) 
  Adam Lloyd / Ed Treadwell        020 7653 9850 
 

About Avingtrans plc:

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

Energy and Medical

 
 
  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. 
 
 Maloney Metalcraft Ltd - Aldridge, UK 
Designs, manufactures and services oil and gas 
 extraction and processing equipment, including 
 process plant for dehydration, sweetening, drying 
 and compression. 
 
 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. 
 
 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 cryogenic systems for 
 a variety of markets. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 17, 2017 07:33 ET (11:33 GMT)