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Extension to deadline under Rule2.6(c)of the Code

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By LSE RNS

RNS Number : 0132J
Avingtrans PLC
23 June 2017
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

 

23 June 2017

 

Avingtrans plc

("Avingtrans" or the "Group")

 

Extension to deadline under Rule 2.6(c) of the Code

 

The Board of Avingtrans notes the announcement this morning by Hayward Tyler Group plc ("Hayward Tyler") in connection with its discussions with the company regarding a potential offer.

 

The Company confirms that, at Hayward Tyler's request, the Panel on Takeovers and Mergers (the "Panel") has provided its consent for the deadline under which Avingtrans must announce either a firm intention to make an offer for Hayward Tyler (pursuant to Rule 2.7 of the Code) or not (pursuant to Rule 2.8 of the Code) in accordance with Rule 2.6(a) of the Code to be extended to 5:00pm on 30 June 2017.

 

Further announcements will be made in due course.

 

Enquiries:

 

Avingtrans plc

Roger McDowell, Chairman

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer

 

01354 692391



N+1 Singer

(Nominated Adviser)

Shaun Dobson

Lauren Kettle

 

020 7496 3000



Newgate

(Financial PR)

Adam Lloyd / Ed Treadwell

0207 7653 9850

 

About Avingtrans plc:

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical, industrial and traffic management industries worldwide.      

 

Energy and Medical

 

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.

 

Maloney Metalcraft Ltd - Aldridge, UK

Designs, manufactures and services oil and gas extraction and processing equipment, including process plant for dehydration, sweetening, drying and compression.

 

Crown International  Ltd - Portishead, UK

Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.

 

Composite Products Ltd - Buckingham, UK

Centre for composite technology, parts and assemblies, serving customers in industrial markets.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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