Last checked at 27 Sep 2016 07:00
27 September 2016
Avingtrans plc
("Avingtrans" or the "Company")
Appointment of joint broker
Avingtrans, a manufacturer of critical components, systems and associated services to the global energy, medical and traffic management sectors, is pleased to announce that it has appointed N+1 Singer Advisory LLP ("N+1 Singer") as its joint broker with immediate effect. In addition, Avingtrans confirms that it intends to appoint N+1 Singer as its nominated adviser and sole broker upon completion of the anticipated tender offer.
A further announcement confirming the appointment will be released in due course.
Enquiries
Avingtrans plc Steve McQuillan, CEO Stephen King, CFO | 0115 949 9020 |
Numis Securities Limited (Nominated Adviser and Joint Broker) Tom Ballard (Corporate Broking) Richard Thomas (Corporate Finance) | 020 7260 1000 |
N+1 Singer (Joint Broker) Shaun Dobson Lauren Kettle | 020 7496 3000 |
Newgate (Financial PR) Adam Lloyd Ed Treadwell | 020 7653 9850 |
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.
Energy and medical, engaged in the design and manufacture of safety critical equipment for the energy, medical, science and research communities, including oil and gas extraction and processing equipment, nuclear process plant, machined and fabricated pressure and vacuum vessels and components. Also, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.
The strategy of the group, is to "buy and build" in regulated engineering niche markets, where we can see potential consolidation opportunities, which can lead to significantly increased shareholder value over the medium to long term.