Last checked at 13 Sep 2016 16:00
13 September 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
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 on 13 September 2016 the Company issued 10,500 ordinary shares of 5 pence each ("Ordinary Shares") following the exercise of options under the Company's CSOP share option scheme.
Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 19 September 2016. Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
After admission of these new shares, the Company's total issued share capital is 28,009,069 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 28,009,069.
The above figure 28,009,069 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, Avingtrans under the FSA's Disclosure and Transparency Rules.
Enquiries:
Avingtrans plc Steve McQuillan, CEO Stephen King, CFO
| 0115 949 9020 |
Numis Securities LimitedTom Ballard (Corporate Broking) Richard Thomas (Corporate Finance and Nominated Adviser)
| 020 7260 1000 |
Newgate(Financial PR)Adam LloydEd Treadwell | 020 7653 9850 |
About Avingtrans
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Avingtrans plc is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide. |
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• | 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.
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