Business
Employee & PDMR Share Incentive Awards
Employee & PDMR Share Incentive Awards.
About this update from Avingtrans Plc
[{"type":"text","content":"\n\n22 November 2023\nAvingtrans plc\n(\"Avingtrans\", the \"Company\", or the \"Group\")\nEmployee & PDMR Share Incentive Awards\nAvingtrans 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 21 November 2023, the Board of Avingtrans, in accordance with the Company's Share Option Plan, granted options over 606,000 ordinary shares of 5p each in the Company (\"Ordinary Shares\") with an exercise price of 390.0 pence per Ordinary Share (the \"Option Awards\"). The following Option Awards were granted to Directors:\n\n\n\n\nDirector\n\n\nNumber of Ordinary Shares subject to Option Awards\n\n\n\n\nSteve McQuillan\n\n\n180,000\n\n\n\n\nStephen King\n\n\n160,000\n\n\n\n\n \nFurthermore Austen Adams, Managing Director of the Group's PSRE Division and a PDMR of the Company, has been granted Option Awards over a total of 110,000 Ordinary Shares.\nThe Option Awards may not be exercised until 3 years from the date of grant and are subject to a performance condition, being the increase in the Company's adjusted EPS must be at least equal to the increase in RPI over the vesting period.\nEnquiries:\n\n\n\n\nAvingtrans plc\nRoger McDowell, Chairman\nSteve McQuillan, Chief Executive Officer\nStephen King, Chief Financial Officer\n \n\n\n01354 692 391\n\n\n\n\nSinger Capital Markets (Nominated Adviser and Broker)\nShaun Dobson\nAlex Bond\nOliver Platts\n\n\n020 7496 3000\n\n\n\n\nIFC Advisory (Financial PR)\nGraham Herring\nTim Metcalfe\nZach Cohen\n\n\n020 3934 6630\n\n\n\n\nAbout Avingtrans plc:\nAvingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide. \nBusiness units\n\n\n\n\nHayward Tyler - Luton, East Kilbride & Nottingham, UK, USA, China and India\nSpecialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments. \n \nEnergy Steel, Inc - Rochester Hills, Michigan, USA\nProvider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support. \nStainless Metalcraf...