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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 | 20,709 | 08:00:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 116.95M | 5.19M | 0.1579 | 25.65 | 133.23M |
From Apr 2022 to Apr 2024
TIDMAVG
RNS Number : 8915K
Avingtrans PLC
23 December 2022
23 December 2022
Avingtrans Plc
("Avingtrans", the "Company", or the "Group")
Exercise of Options, PDMR Dealings and Total Voting Rights
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces transactions involving its shares by certain PDMRs (including Executive Directors), and other staff members pursuant to the Company's Executive Shared Ownership Plan ("ExSOP") and Company Share Option Plan ("CSOP").
ExSOP
On 21 December 2022, the Company was notified of the exercise of certain option awards over ordinary shares of 5p each in the Company ("Ordinary Shares") in the ExSOP. The option awards were issued to the PDMRs in November 2018 and December 2019. The vesting criteria, being growth in adjusted basic earnings per share equalling the increase in the retail price index over the three year vesting period, has been achieved.
Details of the exercise of options by PDMRs, together with the subsequent beneficial holdings of each individual following the transactions are set out below:
Hot Features
Premium
PDMR / Role ExSOP ExSOP options Number of Beneficial Percentage
Plan exercised Ordinary interest of Enlarged
Shares which in Ordinary Total Voting
have vested Shares following Rights held
to each the transaction(1) following
Director exercise
Austen Adams (MD,
Process Solutions
& Rotating Equipment) FY 2019 100,000 33,860 175,607 0.54%
Steven King (CFO) FY 2018 100,000 45,503 406,938 1.26%
Steve McQuillan (CEO) FY 2018 115,000 52,328 468,987 1.45%
(1) Including Persons Closely Associated
The ExSOP options exercised at a price of 440p per option, being the closing mid-market price on 21 December 2022.
The exercise of the awards under the ExSOP have been satisfied by the reallocation of 131,691 existing Ordinary Shares already in the employees' share trust.
CSOP Exercise
In addition to the ExSOP exercise, on 21 December 2022, the Company was notified that certain employees exercised a total of 109,000 options over Ordinary Shares pursuant to the Company's FY 2019 Approved CSOP and FY2019 Unapproved CSOP (together, the "CSOP Options").
Issue of Equity
Exercise of the CSOP Options have been satisfied through the issue of 109,000 new Ordinary Shares.
Application has been made for admission to trading on AIM for the 109,000 new Ordinary Shares ("Admission"). It is expected that Admission will become effective on 30 December 2022.
Total Voting Rights
Following the issue of the 109,000 new Ordinary Shares, the Company will have a total of 32,250,445 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 01354 692391 Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer Singer Capital Markets (Nominated Adviser and Broker) 02074 963000 Shaun Dobson / Alex Bond / Oliver Platts (Investment Banking) IFC Advisory (Financial PR) 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
Energy Steel, part of the Engineered Pumps and Motors Division of
Avingtrans plc, has been serving the nuclear power industry since
1982 with capabilities in equipment fabrication, material supply,
precision machining, engineering, and repair services. Through strategic
OEM partnerships, it also provides solutions for obsolete nuclear
components and support for the most complex projects.
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Steve McQuillan
------------------------------ ----------------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status CEO
------------------------------ ----------------------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ ----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
------------------------------ ----------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
------------------------------ ----------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------
a) Description ExSOP Option Awards over Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Exercise of Options under the ExSOP
the transaction
------------------------------ ----------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 440p 115,000
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
------------------------------ ----------------------------------------------------------
f) Place of the Off market
transaction
------------------------------ ----------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Steve McQuillan
----------------------------- ------------------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------------
a) Position/status CEO
----------------------------- ------------------------------------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ------------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
----------------------------- ------------------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
----------------------------- ------------------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Ordinary Shares which have vested under
the transaction the ExSOP
----------------------------- ------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 52,328
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
----------------------------- ------------------------------------------------------------------
f) Place of the Off market
transaction
----------------------------- ------------------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen King
------------------------------ ----------------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status CFO
------------------------------ ----------------------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ ----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
------------------------------ ----------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
------------------------------ ----------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------
a) Description ExSOP Option Awards over Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Exercise of options under the ExSOP
the transaction
------------------------------ ----------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 440p 100,000
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
------------------------------ ----------------------------------------------------------
f) Place of the Off market
transaction
------------------------------ ----------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stephen King
----------------------------- ------------------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------------
a) Position/status CFO
----------------------------- ------------------------------------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ------------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
----------------------------- ------------------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
----------------------------- ------------------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Ordinary Shares which have vested under
the transaction the ExSOP
----------------------------- ------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 45,503
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
----------------------------- ------------------------------------------------------------------
f) Place of the Off market
transaction
----------------------------- ------------------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Austen Adams
------------------------------ ----------------------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status MD, Process Solutions & Rotating Equipment
------------------------------ ----------------------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ ----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
------------------------------ ----------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
------------------------------ ----------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------
a) Description ExSOP Option Awards over Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Exercise of options under the ExSOP
the transaction
------------------------------ ----------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 440p 100,000
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
------------------------------ ----------------------------------------------------------
f) Place of the Off market
transaction
------------------------------ ----------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Austen Adams
----------------------------- ------------------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------------
a) Position/status MD, Process Solutions & Rotating Equipment
----------------------------- ------------------------------------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ------------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
----------------------------- ------------------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
----------------------------- ------------------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Ordinary Shares which have vested under
the transaction the ExSOP
----------------------------- ------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 33,860
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 21 December 2022
transaction
----------------------------- ------------------------------------------------------------------
f) Place of the Off market
transaction
----------------------------- ------------------------------------------------------------------
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END
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(END) Dow Jones Newswires
December 23, 2022 03:30 ET (08:30 GMT)
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