NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
31 March 2017
Avingtrans plc
("Avingtrans" or the "Group")
Potential Offer for Hayward Tyler Group plc
The Board of Avingtrans notes the announcement this morning by Hayward Tyler Group plc ("Hayward Tyler") and confirms that it is currently in discussions with the company regarding a potential offer.
The Company notes the requirement in accordance with Rule 2.6(a) of the Code for Avingtrans to announce either a firm intention to make an offer for Hayward Tyler (pursuant to Rule 2.7 of the Code) or not (pursuant to Rule 2.8 of the Code) by 5:00pm on 28 April 2017 (being the 28th day following the date of Hayward Tyler's announcement made in accordance with Rule 2.4 of the Code). Further announcements will be made in due course.
Rule 2.9 Disclosure
In accordance with Rule 2.9 of the Code, as at the date of this announcement, the Company's issued share capital comprises 19,171,123 ordinary shares of 5p each (ISIN: GB0009188797).
Enquiries:
Avingtrans plc Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer |
01354 692391 |
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N+1 Singer (Nominated Advisor) Shaun Dobson Lauren Kettle |
020 7496 3000 |
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Newgate (Financial PR) Adam Lloyd / Ed Treadwell |
0207 7653 9850 |
About Avingtrans plc:
Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical, industrial and traffic management industries worldwide.
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