Avingtrans PLC PDMR Dealing (4556G)
30 March 2022 - 3:13AM
UK Regulatory
TIDMAVG
RNS Number : 4556G
Avingtrans PLC
29 March 2022
29 March 2022
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 in its shares by Roger McDowell, Chairman.
PDMR Dealings
On 28 March 2022, Rachel McDowell (Roger's wife) sold 14,000
ordinary shares of 5 pence each ("Ordinary Shares") at a price of
435 pence per Ordinary Share. On the same date, Roger subsequently
purchased 14,000 Ordinary Shares at a price of 435.20 pence per
Ordinary Share into his SIPP.
As a result of the above activity, Roger's interest in the
Company's issued share capital remains unchanged at 1,406,409
Ordinary Shares, representing 4.4% of the Company's enlarged share
capital.
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
Rachel Hayes
IFC Advisory Ltd 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.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Roger McDowell
--------------------- -------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chairman
--------------------- -------------------------------------------------------------------
Initial notification Initial notification
/Amendment
--------------------- -------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name Avingtrans PLC
--------------------- -------------------------------------------------------------------
b) LEI 213800ZZ96CKPI423E86
--------------------- -------------------------------------------------------------------
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 Ordinary Shares of 5p each
of the financial
instrument,
type of instrument
Identification ISIN: GB0009188797
code
b) Nature of Sale and Purchase of Ordinary Shares (via Roger's
the transaction wife Rachel McDowell)
--------------------- -------------------------------------------------------------------
c) Price(s) Sale of Ordinary Shares Price(s) Volume(s)
and volume(s) 435.00p 14,000
----------
Purchase of Ordinary Shares Price(s) Volume(s)
435.20p 14,000
----------
-------------------------------------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
e) Date of the 28 March 2022
transaction
--------------------- -------------------------------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--------------------- -------------------------------------------------------------------
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END
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