Avingtrans PLC PDMR Dealing (4556G)

TIDMAVG

RNS Number : 4556G

Avingtrans PLC

29 March 2022

29 March 2022

Avingtrans plc

("Avingtrans", the "Company", or the "Group")

PDMR Dealings

Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces certain dealings in its shares by Roger McDowell, Chairman.

PDMR Dealings

On 28 March 2022, Rachel McDowell (Roger's wife) sold 14,000 ordinary shares of 5 pence each ("Ordinary Shares") at a price of 435 pence per Ordinary Share. On the same date, Roger subsequently purchased 14,000 Ordinary Shares at a price of 435.20 pence per Ordinary Share into his SIPP.

As a result of the above activity, Roger's interest in the Company's issued share capital remains unchanged at 1,406,409 Ordinary Shares, representing 4.4% of the Company's enlarged share capital.

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 
    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                   Roger McDowell 
     ---------------------  ------------------------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------ 
 a)   Position/status        Chairman 
     ---------------------  ------------------------------------------------------------------- 
      Initial notification   Initial 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            Ordinary Shares of 5p each 
       of the financial 
       instrument, 
       type of instrument 
 
      Identification         ISIN: GB0009188797 
       code 
 
 b)   Nature of                         Sale and Purchase of Ordinary Shares (via Roger's 
       the transaction                   wife Rachel McDowell) 
     ---------------------  ------------------------------------------------------------------- 
 c)   Price(s)                 Sale of Ordinary Shares Price(s)   Volume(s) 
       and volume(s)             435.00p    14,000 
                                           ---------- 
 
 
                                Purchase of Ordinary Shares Price(s)   Volume(s) 
                                 435.20p    14,000 
                                           ---------- 
                              ------------------------------------------------------------- 
 
 d)   Aggregated             n/a 
       information 
 
      - Aggregated 
       volume 
 
      - Price 
 
 e)   Date of the            28 March 2022 
       transaction 
     ---------------------  ------------------------------------------------------------------- 
 f)   Place of               London Stock Exchange, AIM 
       the transaction 
     ---------------------  ------------------------------------------------------------------- 
 

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March 29, 2022 12:13 ET (16:13 GMT)