26 March 2024
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
PDMR Dealings
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces dealings in its shares by certain PDMRs as detailed below:
On 25 March 2024, Stephen King & Austen Adams sold 5,400 and 110,000 ordinary shares of 5 pence each ("Ordinary Shares") at a price of 390.0 pence per Ordinary Share respectively.
Subsequently on 26 March 2024, Austen Adams purchased 5,166 Ordinary Shares into his ISA at a price of 387.0 pence per Ordinary Share.
As a result of the above activity, Stephen King & Austen Adams' interest in the Company's issued share capital are 411,938 and 158,301 Ordinary Shares respectively, representing 1.2% and 0.5% of the Company's enlarged share capital respectively.
Enquiries:
| Avingtrans plc | 01354 692 391 |
| Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
|
|
| Singer Capital Markets (Nominated Adviser and Broker) | 020 7496 3000 |
| Shaun Dobson Alex Bond Oliver Platts
|
|
|
IFC Advisory (Financial PR) |
020 3934 6630 |
| Graham Herring Tim Metcalfe Zach Cohen |
|
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
| Hayward Tyler - Luton, East Kilbride & Nottingham, UK, USA, China and India
Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments.
Energy Steel, Inc - Rochester Hills, Michigan, USA
Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support.
Stainless Metalcraft Ltd - Chatteris, UK
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.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls which can be tailored to be: blast and explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above.
Ormandy Group - Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products.
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers in industrial markets.
Adaptix Ltd - Oxford, UK
Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary applications amongst others. Commercialisation of this system (and others) is on-going.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units:
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc - Houston, USA
Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||||||
| a)
| Name
| Steve King | |||||||
| 2
| Reason for the notification
| ||||||||
| a)
| Position/status
| CFO | |||||||
|
| 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
| Sale of Ordinary Shares
| |||||||
| c)
| Price(s) and volume(s) | | Sale of Ordinary Shares
|
| | ||||
| | | | | | |||||
| d)
| Aggregated information | n/a | |||||||
| | | ||||||||
| - Aggregated volume | | ||||||||
| | | ||||||||
| - Price | | ||||||||
| | | ||||||||
| e)
| Date of the transaction
| 25 March 2024 | |||||||
| f)
| Place of the transaction
| London Stock Exchange, AIM | |||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||||||
| a)
| Name
| Austen Adams | |||||||
| 2
| Reason for the notification
| ||||||||
| a)
| Position/status
| MD, Process Solutions & Rotating Equipment | |||||||
|
| 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
| Sale of Ordinary Shares
| |||||||
| c)
| Price(s) and volume(s) | | Sale of Ordinary Shares
|
| | ||||
| d)
| Aggregated information | n/a | |||||||
| | | ||||||||
| - Aggregated volume | | ||||||||
| | | ||||||||
| - Price | | ||||||||
| | | ||||||||
| e)
| Date of the transaction
| 25 March 2024 | |||||||
| f)
| Place of the transaction
| London Stock Exchange, AIM | |||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| ||||||||
| a)
| Name
| Austen Adams | |||||||
| 2
| Reason for the notification
| ||||||||
| a)
| Position/status
| MD, Process Solutions & Rotating Equipment | |||||||
|
| 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
| Purchase of Ordinary Shares
| |||||||
| c)
| Price(s) and volume(s) | | Sale of Ordinary Shares
|
| | ||||
| d)
| Aggregated information | n/a | |||||||
| | | ||||||||
| - Aggregated volume | | ||||||||
| | | ||||||||
| - Price | | ||||||||
| | | ||||||||
| e)
| Date of the transaction
| 26 March 2024 | |||||||
| f)
| Place of the transaction
| London Stock Exchange, AIM | |||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
