Avingtrans PLC Director Shareholdings, Exercise of Options & TVR (0416S)
November 01 2019 - 11:37AM
UK Regulatory
TIDMAVG
RNS Number : 0416S
Avingtrans PLC
01 November 2019
1 November 2019
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Director Shareholdings, Exercise of Options and Total Voting
Rights
Avingtrans plc, which designs, manufactures and supplies
critical components, modules and associated 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 11,500 new ordinary shares of 5 pence each ("New
Ordinary Shares") in the Company following an exercise of employee
share options under its CSOP programme. Application for admission
of these New Ordinary Shares to trading on AIM has been made and
admission is expected on 6 November 2019.
Shares Awarded Under ExSOP
In addition, on 31 October, the Board of Avingtrans granted
awards under the Company's ExSOP over a total of 121,307 ordinary
shares to certain PDMRs of the Company with each paying 0.1 pence
for his interest in each ordinary share. The awarded shares are to
be provided from those held by the Company's Employee Benefit Trust
(the "EBT Shares"). The details of these awards, together with the
resultant shareholdings, are set out below:
Name Role Current Number Shares Resultant Resultant
shareholding of shares Purchased shareholding percentage
(including awarded (including holding
PCAs) PCAs)
Steve Chief Executive
McQuillan Officer 243,500 52,742 Nil 296,242(1) 0.94%
----------------- -------------- ----------- ----------- -------------- ------------
Stephen Chief Financial
King Officer 180,248 39,557 Nil 219,805(2) 0.70%
----------------- -------------- ----------- ----------- -------------- ------------
MD, Process
Solutions
Austen & Rotating
Adams Equipment Nil 29,008 5,000 34,008(3) 0.11%
----------------- -------------- ----------- ----------- -------------- ------------
(1) This figure includes 280,223 held by Sheena McQuillan (spouse)
(2) This figure includes 219,805 held by Helen King (spouse)
(3) This figure reflects certain additional share transactions,
details of which are set out below.
PDMR Dealings
Subsequent to the award of EBT Shares, the Company was notified
that on 31 October 2019 that Austen purchased an additional 5,000
New Ordinary Shares into his ISA, via an on-market purchase at a
price of 2.5754 pence per ordinary share.
Total Voting Rights
Following the issue of the 11,500 new Ordinary Shares, the
Company will have a total of 31,379,553 ordinary shares in issue.
The Company does not hold any shares in Treasury. 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 01354 692391
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
N+1 Singer (Nominated Adviser) 020 7496 3000
Shaun Dobson/Lauren Kettle (Corporate Finance)
Mia Gardner/Rachel Hayes (Corporate Broking)
Newgate (Financial PR) 020 7653 9850
Adam Lloyd/ Tom Carnegie
About Avingtrans plc:
Avingtrans designs, manufactures and supplies original
equipment, systems and associated aftermarket services to the
energy, medical and industrial markets worldwide.
Business units
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steve McQuillan
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR
----------------------------- ---------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Shares
the transaction
----------------------------- ---------------------------------------
c) Price(s)
and volume(s)
---------------------------------
Exercise Volume(s)
Price(s)
0.1 52,742
----------
----------------------------- ---------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 31 October 2019
transaction
----------------------------- ---------------------------------------
f) Place of Off market
the transaction
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen King
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR
----------------------------- ---------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Shares
the transaction
----------------------------- ---------------------------------------
c) Price(s)
and volume(s)
---------------------------------
Exercise Volume(s)
Price(s)
0.1 39,557
----------
----------------------------- ---------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 31 October 2019
transaction
----------------------------- ---------------------------------------
f) Place of Off market
the transaction
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Austen Adams
----------------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR
----------------------------- ---------------------------------------
Initial notification Initial notification
/Amendment
----------------------------- ---------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Award of Shares
the transaction
----------------------------- ---------------------------------------
c) Price(s)
and volume(s)
---------------------------------
Exercise Volume(s)
Price(s)
0.1 29,008
----------
----------------------------- ---------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 31 October 2019
transaction
----------------------------- ---------------------------------------
f) Place of Off market
the transaction
----------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Austen Adams
------------------------------ ---------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status PDMR
------------------------------ ---------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ ---------------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Purchase of Ordinary Shares
the transaction
------------------------------ ---------------------------------------------
c) Price(s)
and volume(s)
---------------------------------------
Price(s) Volume(s)
2.5754 5,000
----------
------------------------------ ---------------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 31 October 2019
transaction
------------------------------ ---------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------------------ ---------------------------------------------
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END
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