Avingtrans PLC PDMR Dealings (6077N)
January 23 2023 - 1:12PM
UK Regulatory
TIDMAVG
RNS Number : 6077N
Avingtrans PLC
23 January 2023
23 January 2023
Avingtrans Plc
("Avingtrans", the "Company", or the "Group")
PDMR Dealings
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies critical components, modules, systems and associated
services to the energy, medical and industrial sectors, announces
certain dealings by Austen Adams, Divisional MD of the Process
Solutions & Rotating Equipment division, and a PDMR of the
Company.
Sales of Shares
The Company was notified that today, Austen sold 33,860 ordinary
shares of 5p each in the Company ("Ordinary Shares"), being an
amount equal to the total number of Ordinary Shares which vested to
him in respect of the FY 2019 ExSOP (as announced on 23 December
2022), at a price of 420p per Ordinary Share.
Purchase of Shares
Austen and his wife, Tracy Adams, subsequently purchased a total
of 6,964 Ordinary Shares across their ISAs at a price of 430.55
pence per Ordinary Share.
As a result of the above activity, Austen's beneficial interest
in the Company's issued share capital reduced to 153,135(1)
Ordinary Shares, representing 0.47% of the Company's enlarged share
capital.
(1) This figure includes 139,077 Ordinary Shares held by Tracey
Adams.
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
Singer Capital Markets (Nominated Adviser
and Broker) 02074 963000
Shaun Dobson
Alex Bond
Oliver Platts
IFC Advisory (Financial PR) 020 3934 6630
Graham Herring
Tim Metcalfe
Zach Cohen
About Avingtrans plc:
Avingtrans designs, manufactures and supplies original
equipment, systems and associated aftermarket services to the
energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India
Specialises in the design, manufacture and servicing of performance-critical
motors and pumps for challenging environments.
Energy Steel, Inc - Rochester Hills, Michigan, USA
Provider of custom fabrications for the nuclear industry, specialising
in: OEM parts obsolescence; custom fabrications; engineering design
solutions; product refurbishment; on-site technical support.
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.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls which
can be tailored to be: blast &explosion proof; fireproof; acoustically
shielded; high security/safety; or combinations of the above
Ormandy Group, Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers
and other HVAC (heating, ventilation and air conditioning) products
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers
in industrial markets.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation
MRI technologies, including dedicated extremity MRI systems and
MRI system components. Magnetica has successfully built and tested
a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating
clinical-quality imaging. Commercialisation of this system (and
others) is on-going. Magnetica's structure now includes two other
business units:
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated
cryogenics for a variety of markets including MRI and provides services
for Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA
Designs, manufactures and installs instrumentation, including consoles,
system upgrades, and probes, mainly for Magnetic Resonance Imaging
(MRI) and Nuclear Magnetic Resonance (NMR) systems.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Austen Adams
------------------------------ -----------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------
a) Position/status MD within the Company's Process Solutions & Rotating
Equipment
------------------------------ -----------------------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ -----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
------------------------------ -----------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
------------------------------ -----------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 5 pence each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Sale of Ordinary Shares
the transaction
------------------------------ -----------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 420p 33,860
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 23 January 2023
transaction
------------------------------ -----------------------------------------------------------
f) Place of the London Stock Exchange
transaction
------------------------------ -----------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Austen Adams (including Tracy Adams, a PCA with
Austen Adams)
------------------------------ -----------------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------------
a) Position/status MD within the Company's Process Solutions & Rotating
Equipment
------------------------------ -----------------------------------------------------------
Initial notification Initial notification
/Amendment
------------------------------ -----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
------------------------------ -----------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
------------------------------ -----------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-------------------------------------------------------------------------------------------
a) Description Ordinary Shares of 5 pence each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Purchase of Ordinary Shares
the transaction
------------------------------ -----------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 430.55p 6,964
----------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 23 January 2023
transaction
------------------------------ -----------------------------------------------------------
f) Place of the London Stock Exchange
transaction
------------------------------ -----------------------------------------------------------
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END
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