1 November 2019
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Director Shareholdings, Exercise of Options and Total Voting Rights
Avingtrans plc, which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors, announces certain dealings in its shares.
Exercise of Options
The Company has issued, conditional on admission to trading on AIM, a total of 11,500 new ordinary shares of 5 pence each ("New Ordinary Shares") in the Company following an exercise of employee share options under its CSOP programme. Application for admission of these New Ordinary Shares to trading on AIM has been made and admission is expected on 6 November 2019.
Shares Awarded Under ExSOP
In addition, on 31 October, the Board of Avingtrans granted awards under the Company's ExSOP over a total of 121,307 ordinary shares to certain PDMRs of the Company with each paying 0.1 pence for his interest in each ordinary share. The awarded shares are to be provided from those held by the Company's Employee Benefit Trust (the "EBT Shares"). The details of these awards, together with the resultant shareholdings, are set out below:
Name |
Role |
Current shareholding (including PCAs) |
Number of shares awarded |
Shares Purchased |
Resultant shareholding (including PCAs) |
Resultant percentage holding |
Steve McQuillan |
Chief Executive Officer |
243,500 |
52,742 |
Nil |
296,242(1) |
0.94% |
Stephen King |
Chief Financial Officer |
180,248 |
39,557 |
Nil |
219,805(2) |
0.70% |
Austen Adams |
MD, Process Solutions & Rotating Equipment |
Nil |
29,008 |
5,000 |
34,008(3) |
0.11% |
(1) This figure includes 280,223 held by Sheena McQuillan (spouse)
(2) This figure includes 219,805 held by Helen King (spouse)
(3) This figure reflects certain additional share transactions, details of which are set out below.
PDMR Dealings
Subsequent to the award of EBT Shares, the Company was notified that on 31 October 2019 that Austen purchased an additional 5,000 New Ordinary Shares into his ISA, via an on-market purchase at a price of 2.5754 pence per ordinary share.
Total Voting Rights
Following the issue of the 11,500 new Ordinary Shares, the Company will have a total of 31,379,553 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 |
Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer |
|
N+1 Singer (Nominated Adviser) |
020 7496 3000 |
Shaun Dobson/Lauren Kettle (Corporate Finance) Mia Gardner/Rachel Hayes (Corporate Broking) |
|
Newgate (Financial PR) |
020 7653 9850 |
Adam Lloyd/ Tom Carnegie |
|
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
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Steve McQuillan |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
|
Initial notification /Amendment |
Initial notification |
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 of the financial instrument, type of instrument |
Ordinary Shares of 5p each |
|
|
Identification code |
ISIN: GB0009188797 |
|
|
b) |
Nature of the transaction |
Award of Shares |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Exercise Price(s) |
Volume(s) |
0.1 |
52,742 |
|
|
|
d) |
Aggregated information |
n/a |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
|
e) |
Date of the transaction |
31 October 2019 |
f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Stephen King |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
|
Initial notification /Amendment |
Initial notification |
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 of the financial instrument, type of instrument |
Ordinary Shares of 5p each |
|
|
Identification code |
ISIN: GB0009188797 |
|
|
b) |
Nature of the transaction |
Award of Shares |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Exercise Price(s) |
Volume(s) |
0.1 |
39,557 |
|
|
|
d) |
Aggregated information |
n/a |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
|
e) |
Date of the transaction |
31 October 2019 |
f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Austen Adams |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
|
Initial notification /Amendment |
Initial notification |
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 of the financial instrument, type of instrument |
Ordinary Shares of 5p each |
|
|
Identification code |
ISIN: GB0009188797 |
|
|
b) |
Nature of the transaction |
Award of Shares |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Exercise Price(s) |
Volume(s) |
0.1 |
29,008 |
|
|
|
d) |
Aggregated information |
n/a |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
|
e) |
Date of the transaction |
31 October 2019 |
f) |
Place of the transaction |
Off market |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Austen Adams |
2 |
Reason for the notification |
a) |
Position/status |
PDMR |
|
Initial notification /Amendment |
Initial notification |
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 of the financial instrument, type of instrument |
Ordinary Shares of 5p each |
|
|
Identification code |
ISIN: GB0009188797 |
|
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) |
Volume(s) |
2.5754 |
5,000 |
|
|
|
d) |
Aggregated information |
n/a |
|
|
- Aggregated volume |
|
|
|
- Price |
|
|
|
e) |
Date of the transaction |
31 October 2019 |
f) |
Place of the transaction |
London Stock Exchange |
