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Director's Dealing

2 Oct 2017 07:00

RNS Number : 3320S
Avingtrans PLC
02 October 2017
 

Avingtrans plc

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

 

Director's Dealings

 

Avingtrans plc, which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors, announces the following purchase of ordinary shares in the capital of the Company ("Ordinary Shares") by Steve McQuillan, Chief Executive Officer of the Group. On 29 September 2017, Steve purchased a total of 18,500 Ordinary Shares at a price of 212 pence (the "Share Purchase"). Of the Share Purchase, 9,250 Ordinary Shares were purchased by Steve's wife, Sheena McQuillan, and 9,250 Ordinary Shares were purchased by Steve directly.

 

As a result of the Share Purchase, Steve McQuillan is holding a total of 243,500 Ordinary Shares, equivalent to 0.79 per cent. of the voting share capital of the Company; of which 227,481 Ordinary Shares are held by Sheena McQuillan and 16,019 Ordinary Shares are held by Steve directly.

 

Enquiries:

 

Avingtrans plc

Roger McDowell, Chairman

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer

 

01354 692391

N+1 Singer

(Nominated Adviser)

Shaun Dobson

Lauren Kettle

 

020 7496 3000

Newgate

(Financial PR)

Adam Lloyd / Ed Treadwell

020 7653 9850

 

About Avingtrans plc:

 

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.

 

Energy and Medical

 

Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China

Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.

 

Maloney Metalcraft Ltd - Aldridge, UK

Designs, manufactures and services oil and gas extraction and processing equipment, including process plant for dehydration, sweetening, drying and compression.

 

Hayward Tyler - Luton & East Kilbride, UK and USA, China and India

Specialises in the design, manufacture and servicing of performance-critical motors and pumps in challenging environments

 

Peter Brotherhood - Peterborough, UK

Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems

 

Composite Products Ltd - Buckingham, UK

Centre for composite technology, parts and assemblies, serving customers in industrial markets.

 

Scientific Magnetics - Abingdon, UK

Designs and manufactures superconducting magnet systems and associated cryogenic systems for a variety of markets

 

Crown International Ltd - Portishead, UK

Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Steve McQuillan

2

 

Reason for the notification

a)

 

Position/status

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial

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

 

Identification code

 

 

Ordinary Shares of 5p each

 

GB0009188797

 

b)

 

Nature of the transaction

 

Purchase

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

212p

 

9,250

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

N/A (individual transaction)

 

 

 

 

 

e)

 

Date of the transaction

 

29 September 2017

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Sheena McQuillan

2

 

Reason for the notification

a)

 

Position/status

 

PCA (Wife of Steve McQuillan, Chief Executive Officer)

b)

 

Initial notification /Amendment

 

Initial

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

 

Identification code

 

 

Ordinary Shares of 5p each

 

GB0009188797

 

b)

 

Nature of the transaction

 

Purchase

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

212p

 

9,250

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

N/A (individual transaction)

 

 

 

 

 

e)

 

Date of the transaction

 

29 September 2017

f)

 

Place of the transaction

 

London Stock Exchange

 

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