Last checked at 25 May 2016 12:45
25 May 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Update on the disposal of the Aerospace Division
Result of General Meeting
Avingtrans (AIM:AVG) announces that, at the General Meeting of the Company held earlier today, the resolution to approve the disposal of Avingtrans' Aerospace Division (the "Disposal") was passed by shareholders.
As set out in the announcement on 4 May, the Disposal is also subject to regulatory approvals from the relevant competition authorities in Germany and Austria being received. Completion of the Disposal is expected by the end of May 2016.
A further announcement will be made in due course
Enquiries:
Avingtrans plc Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
| Tel: 01159 499 020 |
Numis Richard Thomas (Corporate Finance and Nominated Adviser) Tom Ballard (Corporate Broking)
| Tel: 0207 260 1000 |
Newgate (Financial PR) Adam Lloyd Ed Treadwell | Tel: 020 7653 9850
|
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Energy and Medical markets worldwide.
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.