Avingtrans PLC Exercise of Share Options (1072S)
March 15 2016 - 04:25AM
UK Regulatory
TIDMAVG
RNS Number : 1072S
Avingtrans PLC
15 March 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 14 March 2016 the Company issued 16,000
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 18 March 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 27,746,564 Ordinary Shares. Avingtrans does not
hold any Ordinary Shares in treasury. Therefore, the total number
of voting rights in Avingtrans is 27,746,564.
The above figure 27,746,564 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 Limited
David Poutney / Tom Ballard
(Corporate Broking)
Richard Thomas (Corporate Finance
and Nominated Adviser) 020 7260 1000
Newgate
(Financial PR)
Adam Lloyd
Ed Treadwell 020 7653 9850
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered
components and services to the Aerospace, Energy and Medical
markets worldwide.
The business is made up of 2 divisions:
-- Aerospace, engaged in the manufacture of rigid pipe assemblies,
fabrications and prismatic components - both metallic and
composite - for the global aerospace market and precision
polishing of aircraft components and;
-- Energy and medical, engaged in the manufacture of machined
and fabricated pressure and vacuum vessels and components
for the energy, medical, science and research communities.
Plus, design and manufacture of fabricated poles and cabinets
for roadside safety cameras and rail track signalling.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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