Significant Shareholdings

As at 2 October 2018, the following had notified the Company that they held or were beneficially interested in 3% or more of the Company’s issued ordinary share capital based on Total Voting Rights of 31,061,636 shares:

Ordinary shares of 5p each

Number of shares

Percentage of issued share capital owned

Nigel Wray 3,020 9.7%
Funds managed by Unicorn Asset Management Ltd 1,946 6.3%
Harwood Capital 1,850 6.0%
Funds managed by RBC Trustees Limited 1,723 5.5%
Funds managed by BlackRock 1,580 5.1%
R S McDowell’s Pension Fund 1,406 4.5%
P McDowell’s Pension Fund 1,213 3.9%
Funds managed by LGT Bank 1,017 3.3%

At 2 October 2018, 13.0% of the Company’s issued share capital was not in public hands*.

There are no restrictions on the transfer of the Company’s AIM securities.

* Not in public hands includes Directors, Substantial Shareholders (>10%), shares held in treasury and shares subject to lock-in agreements.

Directors and their interests

As at 2 October 2018. The Directors interests in the share capital of the Company were as follows:

Ordinary shares of 5p each

Number of shares

Percentage of issued share capital owned

R S McDowell 1,406,409 4.5%
E Lloyd-Baker 475,993 1.5%
S McQuillan 243,500 0.8%
S M King 180,248 0.6%
L Thomas 16,000 0.1%

Share options

Details of the share options of all Directors are as follows:

Executive

At 2 October 2018

S McQuillan 785,000
S M King 638,733

The share options are exercisable from 24 September 2013 to 15 December 2027 if the basic earnings per share of Avingtrans plc during the period between grant and exercise, is at least equal to the increase in the Retail Price Index during the same period.