Exercise of Options & PDMR Dealings
Avingtrans PLC announced that on November 13, 2025, Chief Executive Officer Steve McQuillan and Chief Financial Officer Stephen King exercised a total of 591,614 options under the Company's Executive Shared Ownership Plans. Following this, Steve McQuillan now beneficially holds 806,925 ordinary shares, representing 2.44% of the enlarged total voting rights, while Stephen King holds 667,614 ordinary shares, representing 2.02%. These shares were transferred from the Company's Employee Benefit Trust, meaning no new shares were issued, and the total number of ordinary shares with voting rights remains 33,130,422.
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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 13 November 2025, the Company was notified of the exercise of 591,614 options over ordinary shares of 5p each in the Company ("Ordinary Shares") by Steve McQuillan, Chief Executive Officer, and Stephen King, Chief Financial Officer, pursuant to the Company's Executive Shared Ownership Plans (the "ExSOP Options").
Details of the exercise of ExSOP Options by Steve McQuillan and Stephen King, together with subsequent beneficial holdings of each individual following the transactions, are set out below.
| PDMR | Role | FY 2019 ExSOP options exercised | FY 2016 ExSOP options exercised | Beneficial interest in Ordinary Shares following the transactions | Resulting percentage holding of enlarged total voting rights held |
|---|---|---|---|---|---|
| Steve McQuillan | Chief Executive Officer | 77,061 | 258,877 | 806,925 | 2.44% |
| Stephen King | Chief Financial Officer | 68,254 | 187,422 | 667,614 | 2.02% |
The 591,614 Ordinary Shares are currently held by the Company's Employee Benefit Trust and will be transferred to Steve McQuillan and Stephen King and, as such, no new Ordinary Shares have been issued in connection with the transactions.
Therefore, the total number of Ordinary Shares with voting rights in the Company remains at 33,130,422. This figure 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 the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Business units
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Steve McQuillan 2. Stephen King |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer |
| Initial notification /Amendment | Initial notification | |
| a) | Name | Avingtrans PLC |
| b) | LEI | 213800ZZ96CKPI423E86 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | ISIN: GB0009188797 | |
| b) | Nature of the transaction | Exercise of options pursuant to the FY 2019 ExSOP |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 520.0p 77,061 2. 520.0p 68,254 |
| d) | Aggregated information | n/a |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 13 November 2025 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Steve McQuillan 2. Stephen King |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer |
| Initial notification /Amendment | Initial notification | |
| a) | Name | Avingtrans PLC |
| b) | LEI | 213800ZZ96CKPI423E86 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 5p each |
| Identification code | ISIN: GB0009188797 | |
| b) | Nature of the transaction | Exercise of options pursuant to the FY 2016 ExSOP |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 520.0p 258,877 2. 520.0p 187,422 |
| d) | Aggregated information | n/a |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 13 November 2025 |
| f) | Place of the transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.