Avingtrans PLC Directorate Change (6531D)

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RNS Number : 6531D

Avingtrans PLC

11 October 2018

11 October 2018

Avingtrans plc

("Avingtrans" or the "Group")

Resignation of Non-Executive Director

Avingtrans plc, which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces that Ewan Lloyd-Baker, Non-Executive Director, has tendered his resignation and will leave the Group with effect from 30 November 2018.

Ewan became a Non-Executive Director following the acquisition of the Hayward Tyler Group by Avingtrans in September 2017. Having overseen the successful handover he now wishes to pursue other interests.

Ewan Lloyd-Baker commented: "I am pleased that in Avingtrans, the Hayward Tyler Group has found a supportive owner that is dedicated to investing in it and creating long term value for its shareholders. I am sure they will continue to make positive steps in this regard."

Roger McDowell, Chairman of Avingtrans, commented: "I'd like to thank Ewan for his support during the transition of the Hayward Tyler Group into Avingtrans and on behalf of the Board, wish him well for the future."

Enquiries:

 
 Avingtrans plc                               01354 692391 
 Roger McDowell, Chairman 
  Steve McQuillan, Chief Executive Officer 
  Stephen King, Chief Financial Officer 
 N+1 Singer (Nominated Adviser)               02074 963000 
 Shaun Dobson 
  Lauren Kettle 
 Newgate (Financial PR)                       02076 539850 
 Adam Lloyd 
  Tom Carnegie 
 

About Avingtrans:

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical 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.

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

Specialises in the design, manufacture and servicing of performance-critical motors and pumps in challenging environments

Peter Brotherhood - Peterborough, UK

Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems

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

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.

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October 11, 2018 02:00 ET (06:00 GMT)