Avingtrans PLC Publication of Scheme Document (4369M)

TIDMAVG

RNS Number : 4369M

Avingtrans PLC

28 July 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Avingtrans plc

("Avingtrans" or the "Group")

Publication of Scheme Document

Further to the announcement by Avingtrans and Hayward Tyler Group plc ("Hayward Tyler") on 30 June 2017 relating to the recommended acquisition of Hayward Tyler by Avingtrans (the "Acquisition"), to be effected by way of a scheme of arrangement (the "Scheme"), the Board of Avingtrans notes the announcement today by Hayward Tyler confirming that it has published a circular setting out further information about the Acquisition and the Scheme, together with notices of the court meeting and general meeting of Hayward Tyler shareholders to be held in connection with the Scheme.

As a result of its size, the Acquisition constitutes a reverse takeover for Avingtrans under the AIM Rules for Companies. The Company confirms that it expects to publish an admission document in connection with the readmission to trading on AIM of the enlarged group on or around 1 August 2017.

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 
  Richard Lindley 
  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, industrial 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. 
 
 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. 
 
 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, including magnetic resonance 
 imaging (MRI), nuclear magnetic resonance (NMR), 
 magnetic separation, surface science and nano-science.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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