Avingtrans PLC Result of High Court Hearing & Total Voting Rights (3553P)

TIDMAVG

RNS Number : 3553P

Avingtrans PLC

30 August 2017

Avingtrans plc

("Avingtrans" or the "Company")

Result of High Court Hearing & Total Voting Rights

Avingtrans plc (AIM: AVG) announces that, 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"), at the High Court Hearing held earlier today the Scheme was duly sanctioned.

The Scheme will therefore become effective tomorrow, 31 August 2017, with cancellation and 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 ("Admission"). The Company confirms that 11,533,513 new ordinary shares in the capital of Avingtrans (the "Ordinary Shares") have been issued and allotted, conditional on Admission, to HTG shareholders in connection with the Scheme.

Following Admission, the Company will have a total of 30,704,636 Ordinary Shares in issue. Avingtrans does not hold any Ordinary Shares in treasury and therefore following Admission, the total number of voting rights in Avingtrans will be 30,704,636. This figure of 30,704,636 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, Avingtrans under the FCA's Disclosure Guidance and Transparency Rules.

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 30, 2017 12:30 ET (16:30 GMT)