Avingtrans PLC Exercise of Share Options (7372J)
14 September 2016 - 1:00AM
UK Regulatory
TIDMAVG
RNS Number : 7372J
Avingtrans PLC
13 September 2016
13 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 13 September 2016 the Company issued
10,500 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 19 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 28,009,069 Ordinary Shares. Avingtrans does not
hold any Ordinary Shares in treasury. Therefore, the total number
of voting rights in Avingtrans is 28,009,069.
The above figure 28,009,069 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
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
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