TIDMAVG

RNS Number : 5617B

Avingtrans PLC

05 June 2023

5 June 2023

Avingtrans Plc

("Avingtrans" or the "Group")

Board Changes

Avingtrans plc (AIM: AVG), the engineering technology group, notifies all interested parties that its Chairman, Roger McDowell, is taking a temporary sabbatical for family health reasons with immediate effect. It is expected that Roger will resume his duties as Chairman in September 2023. During the intervening period, Roger will remain a Director of the Company.

Les Thomas, Senior Independent Director, will assume the position of interim Chairman in Roger's absence with immediate effect.

Enquiries:

 
 Avingtrans plc 
  Les Thomas, Interim Chairman 
  Steve McQuillan, Chief Executive Officer 
  Stephen King, Chief Financial Officer       01354 692391 
 Singer Capital Markets (Nominated Adviser 
  and Broker) 
  Shaun Dobson 
  Alex Bond 
  Oliver Platts                               02074 963000 
 IFC Advisory (Financial PR) 
  Graham Herring 
  Tim Metcalfe 
  Zach Cohen                                  020 3934 6630

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 
 
 Energy Steel, part of the Engineered Pumps and Motors Division of 
 Avingtrans plc, has been serving the nuclear power industry since 
 1982 with capabilities in equipment fabrication, material supply, 
 precision machining, engineering, and repair services. Through strategic 
 OEM partnerships, it also provides solutions for obsolete nuclear 
 components and support for the most complex projects. 
 
 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, manufactures 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.

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June 05, 2023 02:00 ET (06:00 GMT)

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