Last checked at 4 Nov 2020 07:00
Avingtrans Plc
("Avingtrans", the "Company" or the "Group")
Exercise of Options, PDMR Dealings and Total Voting Rights
Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket 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 50,500 new ordinary shares of 5 pence each ("New Ordinary Shares") in the Company following an exercise of certain employee share options, and options held by PDMRs (the "PDMR Options"). Application for admission of the New Ordinary Shares to trading on AIM has been made and admission is expected on 9 November 2020 ("Admission")
PDMR Dealings
Details of the exercise of PDMR Options, together with the resultant shareholdings, are set out below:
Name | Role | Current shareholding | Number of shares awarded | Resultant shareholding | Resultant percentage holding |
Steve McQuillan | Chief Executive Officer | 296,242 | 15,250 | 311,492(1) | 0.98% |
Stephen King | Chief Financial Officer | 259,538 | 15,250 | 274,788(2) | 0.86% |
(1) This figure includes 295,473 held by Sheena McQuillan
(2) This figure includes 274,788 held by Helen King
Total Voting Rights
Subsequent to the issue of the New Ordinary Shares as above, the Company's total issued share capital is 31,864,594 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 31,864,594.
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 Steve McQuillan, CEO Stephen King, CFO
| 0135 469 2391 |
N+1 Singer (Nomad and Broker) Shaun Dobson/ Alex Bond (Corporate Finance) Rachel Hayes (Corporate Broking)
| 020 7496 3000 |
Newgate Communications (Financial PR)Adam Lloyd Tom Carnegie | 020 7653 9850 |
About Avingtrans:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
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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 | ||||||
| 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 | Exercise of Options
| ||||||
c)
| Price(s) and volume(s) | |||||||
| ||||||||
d)
| Aggregated information | n/a | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction | 3 November 2020 | ||||||
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
| Chief Financial Officer | ||||||
| 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
| Exercise of Share Options | ||||||
c)
| Price(s) and volume(s) | |||||||
| ||||||||
d)
| Aggregated information | |||||||
- Aggregated volume | N/A | |||||||
- Price | N/A | |||||||
e)
| Date of the transaction
| 3 November 2020 | ||||||
f)
| Place of the transaction
| Off-market | ||||||