Avingtrans PLC Exercise of Share Options (7534R)
14 December 2016 - 3:00AM
UK Regulatory
TIDMAVG
RNS Number : 7534R
Avingtrans PLC
13 December 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 December 2016 the Company issued
14,001 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, with dealings
expected to commence on 19 December 2016 ("Admission"). Upon
Admission, the new Ordinary Shares will rank pari passu in all
respects with the existing Ordinary Shares of the Company.
After Admission, the Company's total issued share capital is
18,348,889 Ordinary Shares. Avingtrans does not hold any Ordinary
Shares in treasury and therefore following Admission, the total
number of voting rights in Avingtrans will be 18,348,889.
The above figure 18,348,889 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 Guidance and
Transparency Rules.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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