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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avingtrans Plc | LSE:AVG | London | Ordinary Share | GB0009188797 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 405.00 | 400.00 | 410.00 | 405.00 | 405.00 | 405.00 | 4,216 | 08:00:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 116.95M | 5.19M | 0.1579 | 25.65 | 133.23M |
TIDMAVG
RNS Number : 9423T
Avingtrans PLC
29 November 2021
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Employee & PDMR Share Incentive Awards
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces that on 29 November 2021, the Board of Avingtrans, in accordance with the Company's Share Option Plan, granted options over 570,000 ordinary shares of 5p each in the Company ("Ordinary Shares") with an exercise price of 402.5 pence per Ordinary Share (the "Option Awards"). The following Option Awards were granted to Directors:
Director Number of Ordinary Shares subject to Option Awards Steve McQuillan 180,000 Stephen King 160,000
Furthermore Austen Adams, Managing Director of the Group's PSRE Division and a PDMR of the Company, has been granted Option Awards over a total of 110,000 Ordinary Shares.
The Option Awards may not be exercised until 3 years from the date of grant and are subject to a performance condition, being the increase in the Company's adjusted EPS must be at least equal to the increase in RPI over the vesting period.
Enquiries:
Avingtrans plc 01354 692391 Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer Singer Capital Markets (Nominated Adviser) 02074 963000 Shaun Dobson Alex Bond Oliver Platts Rachel Hayes IFC Advisory Ltd 020 3934 6630 Graham Herring Tim Metcalfe Zach Cohen
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 motors and pumps for challenging environments. Energy Steel, Inc - Rochester Hills, 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 tailored to 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. 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 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. Magnetica's structure now includes two other business units: 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. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Steve McQuillan ------------------------- ------------------------------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------------------------------- a) Position/status Chief Executive Officer ------------------------- ------------------------------------------------------------------ Initial Initial notification notification /Amendment ------------------------- ------------------------------------------------------------------ 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 Options over Ordinary Shares of 5p each of the financial instrument, type of instrument Identification ISIN: GB0009188797 code b) Nature of Award of ordinary shares pursuant to the Company the transaction Share Option Plan ------------------------- ------------------------------------------------------------------ c) Price(s) and volume(s) ------------------------------------------------------------ Exercise Volume(s) Price(s) 402.5 pence 180,000 ---------- ------------------------- ------------------------------------------------------------ d) Aggregated n/a information - Aggregated volume - Price e) Date of 29 Nove m ber 2021 the transaction ------------------------- ------------------------------------------------------------------ f) Place of Off market the transaction ------------------------- ------------------------------------------------------------------ 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Stephen King -------------------------- ------------------------------------------------------------------ 2 Reason for the notification ---------------------------------------------------------------------------------------------- a) Position/status Chief Financial Officer -------------------------- ------------------------------------------------------------------ Initial Initial notification notification /Amendment -------------------------- ------------------------------------------------------------------ 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 Options over Ordinary Shares of 5p each of the financial instrument, type of instrument Identification ISIN: GB0009188797 code b) Nature of Award of ordinary shares pursuant to the Company the transaction Share Option Plan -------------------------- ------------------------------------------------------------------ c) Price(s) and volume(s) ------------------------------------------------------------ Exercise Volume(s) Price(s) 402.5 pence 160,000 -------------------------- ------------------------------------------------------------ d) Aggregated information - Aggregated N/A volume - Price N/A e) Date of 29 Nove mber 2021 the transaction -------------------------- ------------------------------------------------------------------ f) Place of Off-market the transaction
-------------------------- ------------------------------------------------------------------ 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Austen Adams ------------------------- ------------------------------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------------------------------- a) Position/status Managing Director, PSRE Division ------------------------- ------------------------------------------------------------------ Initial Initial notification notification /Amendment ------------------------- ------------------------------------------------------------------ 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 Options over Ordinary Shares of 5p each of the financial instrument, type of instrument Identification ISIN: GB0009188797 code b) Nature of Award of ordinary shares pursuant to the Company the transaction Share Option Plan ------------------------- ------------------------------------------------------------------ c) Price(s) and volume(s) ------------------------------------------------------------ Exercise Volume(s) Price(s) 402.5 pence 110,000 ---------- ------------------------- ------------------------------------------------------------ d) Aggregated n/a information - Aggregated volume - Price e) Date of 29 Nove m ber 2021 the transaction ------------------------- ------------------------------------------------------------------ f) Place of Off market the transaction ------------------------- ------------------------------------------------------------------
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(END) Dow Jones Newswires
November 29, 2021 12:57 ET (17:57 GMT)
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