Avingtrans PLC Share Incentive Awards (5078S)
December 21 2016 - 8:59AM
UK Regulatory
TIDMAVG
RNS Number : 5078S
Avingtrans PLC
21 December 2016
21 December 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Share Incentive Awards
Avingtrans plc announces that the Company has today, under the
terms of the Company's CSOP share scheme (the "CSOP"), made grants
of awards over ordinary shares of 5p each in the Company ("Ordinary
Shares") to Directors and senior managers, as set out below.
Awards under the CSOP
On 21December 2016, the Board of Avingtrans, in accordance with
the Company's CSOP, granted options over 200,750 Ordinary Shares
with an option price of 193 pence per Ordinary Share to the
following Directors of the Company.
Director Number of Ordinary Shares
subject to CSOP awards
Steve McQuillan 15,250
Stephen King 15,250
All of the options granted may not be exercised until 3 years
from the date of grant and are subject to a performance condition.
The performance condition for each of these options is that the
increase in adjusted EPS must be at least equal to the increase in
RPI over the vesting period.
Enquiries:
Avingtrans plc
Steve McQuillan, CEO
Stephen King, CFO 0135 469 2391
N+1 Singer
Shaun Dobson
Lauren Kettle 020 7496 3000
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.
EU Market Abuse Regulation
The notifications set out below are provided in accordance with
the requirements of the EU Market
Abuse Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
-------------------------------------------------
a) Name Steve McQuillan
-------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------
a) Position/status CEO
-------------------- ---------------------------
b) Initial notification Initial
/Amendment
-------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
-------------------------------------------------
a) Name Avingtrans plc
-------------------- ---------------------------
b) LEI n/a
-------------------- ---------------------------
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 Share options over ordinary
of the financial shares of 5p each in the
instrument, Company granted under the
type of instrument CSOP share scheme
-------------------- ---------------------------
Identification GB0009188797
Code
-------------------- ---------------------------
b) Nature of Grant of share options
the transaction
-------------------- ---------------------------
c) Price(s)
and volume(s)
Price(s) Volume(s)
---------- ----------
nil 15,250
---------- ----------
-------------------- ---------------------------
d) Aggregated n/a - single transaction
information
- Aggregated
volume
- Price
-------------------- ---------------------------
e) Date of the 21 December 2016
transaction
-------------------- ---------------------------
f) Place of Off-market transaction
the transaction
-------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------------------------------------------------
a) Name Stephen King
-------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------
a) Position/status CFO
-------------------- ---------------------------
b) Initial notification Initial
/Amendment
-------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
-------------------------------------------------
a) Name Avingtrans plc
-------------------- ---------------------------
b) LEI n/a
-------------------- ---------------------------
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 Share options over ordinary
of the financial shares of 5p each in the
instrument, Company granted under the
type of instrument CSOP share scheme
-------------------- ---------------------------
Identification GB0009188797
Code
-------------------- ---------------------------
b) Nature of Grant of share options
the transaction
-------------------- ---------------------------
c) Price(s)
and volume(s)
Price(s) Volume(s)
---------- ----------
nil 15,250
---------- ----------
-------------------- ---------------------------
d) Aggregated n/a - single transaction
information
- Aggregated
volume
- Price
-------------------- ---------------------------
e) Date of the 21 December 2016
transaction
-------------------- ---------------------------
f) Place of Off-market transaction
the transaction
-------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------------------------------------------------
a) Name Austen Adams
-------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------
a) Position/status Managing Director, Energy
& Medical Division (PDMR)
-------------------- ---------------------------
b) Initial notification Initial
/Amendment
-------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
-------------------------------------------------
a) Name Avingtrans plc
-------------------- ---------------------------
b) LEI n/a
-------------------- ---------------------------
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 Share options over ordinary
of the financial shares of 5p each in the
instrument, Company granted under the
type of instrument CSOP share scheme
-------------------- ---------------------------
Identification GB0009188797
Code
-------------------- ---------------------------
b) Nature of Grant of share options
the transaction
-------------------- ---------------------------
c) Price(s)
and volume(s)
Price(s) Volume(s)
---------- ----------
Nil 15,250
---------- ----------
-------------------- ---------------------------
d) Aggregated
information n/a - single transaction
- Aggregated
volume
- Price
-------------------- ---------------------------
e) Date of the 21 December 2016
transaction
-------------------- ---------------------------
f) Place of Off-market transaction
the transaction
-------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-------------------------------------------------
a) Name Chris Lewis-Jones
-------------------- ---------------------------
2 Reason for the notification
-------------------------------------------------
a) Position/status Finance Director, Energy
& Medical Division (PDMR)
-------------------- ---------------------------
b) Initial notification Initial
/Amendment
-------------------- ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
-------------------------------------------------
a) Name Avingtrans plc
-------------------- ---------------------------
b) LEI n/a
-------------------- ---------------------------
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 Share options over ordinary
of the financial shares of 5p each in the
instrument, Company granted under the
type of instrument CSOP share scheme
-------------------- ---------------------------
Identification GB0009188797
Code
-------------------- ---------------------------
b) Nature of Grant of share options
the transaction
-------------------- ---------------------------
c) Price(s)
and volume(s)
Price(s) Volume(s)
---------- ----------
Nil 40,000
---------- ----------
-------------------- ---------------------------
d) Aggregated
information
- Aggregated
volume
- Price
-------------------- ---------------------------
e) Date of the 21 December 2016
transaction
-------------------- ---------------------------
f) Place of Off-market transaction
the transaction
-------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBXBDDLUDBGLB
(END) Dow Jones Newswires
December 21, 2016 08:59 ET (13:59 GMT)
Avingtrans (LSE:AVG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Avingtrans (LSE:AVG)
Historical Stock Chart
From Apr 2023 to Apr 2024
