3 July 2024
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 that on 2 July 2024, Chief Executive Officer, Steve McQuillan purchased 1,000 and 1,000 ordinary shares of 5 pence each ("Ordinary Shares") at a price of 360.0 pence and 367.0 pence per Ordinary Share respectively.
As a result of the above activity, Steve McQuillan's interest in the Company's issued share capital is 470,987 Ordinary Shares respectively, representing 1.42% of the Company's enlarged share capital.
Enquiries:
| Avingtrans plc | 01354 692 391 |
| Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
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| Singer Capital Markets (Nominated Adviser and Broker) | 020 7496 3000 |
| Shaun Dobson Alex Bond Oliver Platts |
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IFC Advisory (Financial PR) |
020 3934 6630 |
| Graham Herring Tim Metcalfe Zach Cohen |
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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 & Nottingham, UK, 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
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 and 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.
Adaptix Ltd - Oxford, UK
Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary applications amongst others. Commercialisation of this system (and others) is on-going.
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
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| a)
| Name
| Steve McQuillan | |||||||||
| 2
| Reason for the notification
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| a)
| Position/status
| CEO | |||||||||
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| Initial notification /Amendment
| Initial notification | |||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
| Name
| Avingtrans PLC | |||||||||
| b)
| LEI
| 213800ZZ96CKPI423E86
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| 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
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| a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 5p each | |||||||||
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| Identification code | ISIN: GB0009188797
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| b)
| Nature of the transaction
| Purchase of Ordinary Shares
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| c)
| Price(s) and volume(s) |
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| d)
| Aggregated information |
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| | | ||||||||||
| - Aggregated volume |
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| - Price | | ||||||||||
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| e)
| Date of the transaction
| 2 July 2024 | |||||||||
| f)
| Place of the transaction
| London Stock Exchange, AIM | |||||||||
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