AVG Avingtrans Plc

TIDMAVG

RNS Number : 1673L

Avingtrans PLC

04 September 2023

4 September 2023

Avingtrans Plc

("Avingtrans" or the "Group")

Board Update

Avingtrans announces that Roger McDowell is extending his temporary break as Chairman. On 5 June 2023, the Company announced that Roger McDowell was taking a break to look after a family health matter and it is now expected that he will resume his duties as Chairman on 26(th) September 2023. Roger McDowell will remain a Director of the Company. Les Thomas will continue to act as Chairman in his absence.

ENDS

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. 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOABDGDCRUGDGXB

(END) Dow Jones Newswires

September 04, 2023 02:00 ET (06:00 GMT)

Avingtrans (LSE:AVG)
Historical Stock Chart
From Oct 2024 to Nov 2024

Avingtrans (LSE:AVG)
Historical Stock Chart
From Nov 2023 to Nov 2024