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Share Price: 420.00

Bid: 410.00

Ask: 430.00

Change: -2.00 (-0.47%)

Spread: 20.00 (4.878%)

Open: 420.00

High: 420.00

Low: 420.00

Prev. Close: 422.00

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DIRECTOR DEALINGS: Avingtrans Chairman Buys 30,000 Shares

Wed, 25th Feb 2015 14:49

LONDON (Alliance News) - Avingtrans PLC said Chairman Roger McDowell bought 30,000 shares in the company at a price of 104.5 pence per share Wednesday.

Following this transaction, McDowell holds 2.4 million shares, which represents 8.7% stake in the firm.

Shares in the aerospace parts maker were trading 9.5% lower at 104.50p Wednesday.

Avingtrans earlier Wednesday confirmed a sharp drop in pretax profit and revenue for the first half of its financial year as its aerospace unit was hit by a large reduction in demand from a major customer and its energy and medical division was hit by the sliding oil price.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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