Avingtrans PLC Result of General Meeting (3089O)
17 August 2017 - 9:33PM
UK Regulatory
TIDMAVG
RNS Number : 3089O
Avingtrans PLC
17 August 2017
Avingtrans plc
("Avingtrans" or the "Company")
Result of General Meeting
Avingtrans plc (AIM: AVG) announces that at the General Meeting
of the Company, held in connection with the proposed acquisition of
Hayward Tyler Group plc ("HTG"), to be effected by means of a
scheme of arrangement under Part X of the Companies Act 2006 of the
Isle of Man (the "Scheme"), which took place earlier today, all
resolutions were duly passed.
The Scheme is also conditional on approval by HTG shareholders
at the both the HTG Court Meeting and General Meeting (the "HTG
Meetings"), to be held on 21 August 2017, and the Scheme being
sanctioned by the High Court of the Isle of Man, with such court
hearing to be held on 30 August 2017. Subject to the requisite
approvals at the HTG Meetings and court sanction, the Scheme is
expected to become effective on 31 August 2017, with readmission of
the Company's enlarged share capital to trading on AIM expected to
take place at 8.00 a.m. on 1 September 2017.
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
Richard Lindley
Lauren Kettle 020 7496 3000
Newgate
(Financial PR)
Adam Lloyd / Ed Treadwell 020 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.
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet
systems and associated cryogenic systems for
a variety of markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 17, 2017 07:33 ET (11:33 GMT)
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