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AVG Avingtrans Plc

390.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
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% 390.00 380.00 400.00 390.00 390.00 390.00 9,120 08:00:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 116.95M 5.19M 0.1579 24.70 128.3M

Avingtrans PLC PDMR Dealings (6077N)

23/01/2023 6:12pm

UK Regulatory


Avingtrans (LSE:AVG)
Historical Stock Chart


From Apr 2022 to Apr 2024

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TIDMAVG

RNS Number : 6077N

Avingtrans PLC

23 January 2023

23 January 2023

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 by Austen Adams, Divisional MD of the Process Solutions & Rotating Equipment division, and a PDMR of the Company.

Sales of Shares

The Company was notified that today, Austen sold 33,860 ordinary shares of 5p each in the Company ("Ordinary Shares"), being an amount equal to the total number of Ordinary Shares which vested to him in respect of the FY 2019 ExSOP (as announced on 23 December 2022), at a price of 420p per Ordinary Share.

Purchase of Shares

Austen and his wife, Tracy Adams, subsequently purchased a total of 6,964 Ordinary Shares across their ISAs at a price of 430.55 pence per Ordinary Share.

As a result of the above activity, Austen's beneficial interest in the Company's issued share capital reduced to 153,135(1) Ordinary Shares, representing 0.47% of the Company's enlarged share capital.

(1) This figure includes 139,077 Ordinary Shares held by Tracey Adams.

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 
 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 
 
 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. 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                            Austen Adams 
     ------------------------------  ----------------------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------------------- 
 a)   Position/status                 MD within the Company's 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 5 pence each 
       of the financial 
       instrument, 
       type of instrument 
 
      Identification                  ISIN: GB0009188797 
       code 
 
 b)   Nature of                                  Sale of Ordinary Shares 
       the transaction 
     ------------------------------  ----------------------------------------------------------- 
 c)   Price(s) and                        Price(s)   Volume(s) 
       volume(s)                           420p       33,860 
                                                     ---------- 
 
 d)   Aggregated                      n/a 
       information 
 
      - Aggregated 
       volume 
 
      - Price 
 
 e)   Date of the                     23 January 2023 
       transaction 
     ------------------------------  ----------------------------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                            Austen Adams (including Tracy Adams, a PCA with 
                                       Austen Adams) 
     ------------------------------  ----------------------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------------------- 
 a)   Position/status                 MD within the Company's 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 5 pence each 
       of the financial 
       instrument, 
       type of instrument 
 
      Identification                  ISIN: GB0009188797 
       code 
 
 b)   Nature of                                  Purchase of Ordinary Shares 
       the transaction 
     ------------------------------  ----------------------------------------------------------- 
 c)   Price(s) and                        Price(s)   Volume(s) 
       volume(s)                           430.55p    6,964 
                                                     ---------- 
 
 d)   Aggregated                      n/a 
       information 
 
      - Aggregated 
       volume 
 
      - Price 
 
 e)   Date of the                     23 January 2023 
       transaction 
     ------------------------------  ----------------------------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------------------------- 
 
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END

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(END) Dow Jones Newswires

January 23, 2023 13:12 ET (18:12 GMT)

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