AVG Avingtrans Plc

TIDMAVG

RNS Number : 4294G

Avingtrans PLC

26 May 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

26 May 2017

Avingtrans plc

("Avingtrans" or the "Group")

Extension to deadline under Rule 2.6(c) of the Code

The Board of Avingtrans notes the announcement this afternoon by Hayward Tyler Group plc ("Hayward Tyler") in connection with its discussions with the company regarding a potential offer.

The Company confirms that, at Hayward Tyler's request, the Panel on Takeovers and Mergers (the "Panel") has provided its consent for the deadline under which Avingtrans must announce either a firm intention to make an offer for Hayward Tyler (pursuant to Rule 2.7 of the Code) or not (pursuant to Rule 2.8 of the Code) in accordance with Rule 2.6(a) of the Code to be extended to 5:00pm on 23 June 2017.

Further announcements will be made in due course.

Enquiries:

 
 Avingtrans plc 
  Roger McDowell, Chairman 
  Steve McQuillan, Chief 
  Executive Officer 
  Stephen King, Chief Financial 
  Officer                          01354 692391 
 
 N+1 Singer 
  (Nominated Adviser) 
  Shaun Dobson 
  Lauren Kettle                    020 7496 3000 
 
 Newgate 
  (Financial PR) 
  Adam Lloyd / Ed Treadwell        0207 7653 9850 
 

About Avingtrans plc:

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical, industrial and traffic management industries worldwide.

Energy and Medical

 
 
  Stainless Metalcraft Ltd - Chatteris, UK and 
  Chengdu, China 
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. 
 
 Maloney Metalcraft Ltd - Aldridge, UK 
Designs, manufactures and services oil and gas 
 extraction and processing equipment, including 
 process plant for dehydration, sweetening, drying 
 and compression. 
 
 Crown International Ltd - Portishead, UK 
Designs and manufactures market-leading pole 
 and support systems for roadside signage and 
 safety cameras, rail track signalling and gantries. 
 
 Composite Products Ltd - Buckingham, UK 
 Centre for composite technology, parts and assemblies, 
 serving customers in industrial markets. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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