Avingtrans PLC Exercise of Share Options (1645D)
July 04 2016 - 08:16AM
UK Regulatory
TIDMAVG
RNS Number : 1645D
Avingtrans PLC
04 July 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 it was notified on 1 July 2016 of the
transactions described below in the ordinary shares of the Company
by the directors.
On 1 July 2016, the Company was notified of the vesting and
exercise of certain option awards over ordinary shares of 5p each
in the Company ("Ordinary Shares") in the Executive Shared
Ownership Plan ("the ExSOP "). The option awards were issued to the
directors in December 2012 and the vesting criteria, being growth
in adjusted basic earnings per share equalling the increase in the
retail price index over the three year vesting period, has been
achieved.
Details of the exercise of options by Steve McQuillan and
Stephen King and the subsequent beneficial holdings of each
director following the transactions are set out below:
Director Number Number of Beneficial Percentage
of Options Ordinary interest interest
Shares which in Ordinary in Ordinary
have vested Shares after Shares after
to each Director the transaction the transaction
Steve McQuillan 145,000 71,141 431,707 1.55%
Stephen
King 95,000 44,157 360,495 1.30%
For further information, please contact:
Enquiries:
Avingtrans plc
Steve McQuillan, CEO
Stephen King, CFO 0115 949 9020
Numis Securities Limited
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, systems and services
to the energy, medical and traffic management
industries worldwide.
Energy and medical, engaged in the design and
manufacture of safety critical equipment for
the energy, medical, science and research communities,
including oil and gas extraction and processing
equipment, nuclear process plant, machined and
fabricated pressure and vacuum vessels and components.
Also, design and manufacture of fabricated poles
and cabinets for roadside safety cameras and
rail track signalling.
The strategy of the group, is to "buy and build"
in regulated engineering niche markets, where
we can see potential consolidation opportunities,
which can lead to significantly increased shareholder
value over the medium to long term.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEAAXLEFDKEFF
(END) Dow Jones Newswires
July 04, 2016 08:16 ET (12:16 GMT)
Avingtrans (LSE:AVG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Avingtrans (LSE:AVG)
Historical Stock Chart
From Mar 2023 to Mar 2024