8 November 2016

Avingtrans plc

('Avingtrans' or the 'Company')

Result of Tender Offer and Directors' Interests

The Company today announces the results of the Tender Offer set out in the shareholder circular published by the Company on 3 October 2016 (the 'Circular'). The Tender Offer closed at 1.00 p.m. on 4 November 2016.

Result of Tender Offer

Under the Tender Offer, 9,691,361 Ordinary Shares were validly tendered and 9,691,361 Ordinary Shares will be purchased at a price per Ordinary Share of 200p, for an aggregate purchase price of £19.4 million. The Ordinary Shares to be purchased under the Tender Offer represent approximately 35 per cent. of the Company's issued ordinary share capital.

It is anticipated that the proceeds payable under the Tender Offer to the Company's shareholders who hold their Ordinary Shares in certificated form will be despatched no later than 21 November 2016 in the form of a cheque. Those shareholders who hold their Ordinary Shares in uncertificated form will have their CREST accounts credited no later than 21 November 2016.

As set out in the Circular, the Ordinary Shares will be purchased by Numis pursuant to the Tender Offer and the Company will purchase such Ordinary Shares from Numis under the terms of the Repurchase Agreement described in the Circular. The Company intends to cancel the Ordinary Shares purchased by it under the Repurchase Agreement, reducing the number of Ordinary Shares in issue from 28,009,249 Ordinary Shares to 18,317,888 Ordinary Shares.

Directors' Interests

The Directors' participation in the Tender Offer is set out below:

Number of Ordinary Shares prior to the Tender Offer

Percentage of issued share capital prior to the Tender Offer

Number of Ordinary Shares sold under the Tender Offer at 200p per Ordinary Share

Number of Ordinary Shares following the Tender Offer

Percentage of issued ordinary share capital following cancellation of the Tender Offer shares

Roger McDowell

2,406,409

8.6

1,000,000

1,406,409

7.7

Steve McQuillan

431,707

1.5

206,707

225,000

1.2

Stephen King

360,495

1.3

180,247

180,248

1.0

Jeremy Hamer

114,500

0.4

85,000

29,500

0.2

Graham Thornton

40,000

0.1

20,000

20,000

0.1

Les Thomas

-

-

-

-

-

Austen Adams

-

-

-

-

-

Capitalised terms used in this announcement have the same meanings given to them in the Circular.

Enquiries:

Avingtrans plc

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer

0135 469 2391

Numis

Richard Thomas (Corporate Finance and Nominated Adviser)

Tom Ballard (Corporate Broking)

0207 260 1000

N+1 Singer (Joint Broker)

Shaun Dobson

Lauren Kettle

020 7496 3000

Newgate (Financial PR)

Adam Lloyd

Ed Treadwell

020 7653 9850

Avingtrans plc published this content on 08 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 November 2016 12:49:04 UTC.

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