AVG Avingtrans Plc

TIDMAVG

RNS Number : 2437J

Avingtrans PLC

07 September 2016

07 September 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 7 September 2016 the Company issued 8,167 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 13 September 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 27,998,569 Ordinary Shares. Avingtrans does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in Avingtrans is 27,998,569.

The above figure 27,998,569 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 
  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

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

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September 07, 2016 12:30 ET (16:30 GMT)

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