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Pin to quick picksAvingtrans Regulatory News (AVG)

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Director/PDMR Shareholding

30 Oct 2014 07:00

RNS Number : 6511V
Avingtrans PLC
30 October 2014
 



Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

 

Director Dealings: Exercise of share options

 

Avingtrans (AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors announces that it was notified on 29 October 2014 of the transactions described below in the ordinary shares of the Company by the directors.

 

On 29 October 2014, the Company was notified of the vesting and exercise of certain option awards over ordinary shares of 5p each in the Company ("Ordinary Shares") in the Executive Shared Ownership Plan ("the ExSOP "). The option awards were issued to the directors in September 2011 and the vesting criteria, being growth in adjusted basic earnings per share equalling the increase in the retail price index over the three year vesting period, has been achieved.

 

Details of the exercise of options by Steve McQuillan and Stephen King and the subsequent beneficial holdings of each director following the transactions are set out below:

 

 

Director 

Number of Options

Number of Ordinary Shares which have vested to each Director

 

Beneficial interest in Ordinary Shares after the transaction

Percentage interest in Ordinary Shares after the transaction

Steve McQuillan

195,000

117,028

330,566

1.2%

Stephen King

130,000

78,019

286,071

1.0%

 

 

For further information, please contact:

Enquiries:

Avingtrans plc 0115 949 9020

Steve McQuillan, CEO

Stephen King, CFO 

 

Numis

David Poutney (Corporate Broking) 0207 260 1000

Richard Thomas (Corporate Finance and Nominated Adviser)

Newgate Threadneedle 020 7653 9850

(Financial PR)

Josh Royston / Heather Armstrong

 

 

 

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide.

The business is made up of 2 divisions:

•

Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;

•

Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSMLBRTMBJTBPI
Date   Source Headline
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