Avingtrans plc (LON:AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, has announced 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 with an exercise price of 390.0 pence per Ordinary Share. The following Option Awards were granted to Directors:
| Director | Number of Ordinary Shares subject to Option Awards |
| Steve McQuillan | 180,000 |
| Stephen King | 160,000 |
Furthermore 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.
The 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.
Avingtrans plc designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
