Significant Shareholdings

As at 30 November 2020, 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 31,864,594 shares:

Ordinary shares of 5p each

Number of shares (000’s)

Percentage of issued share capital owned

Harwood Capital 3,661 11.5%
Funds managed by BlackRock Trustees Limited 2,423 7.6%
Funds managed by RBC Trustees Limited 2,208 6.9%
Funds managed by Unicorn Asset Management Ltd 1,946 6.1%
R S McDowell’s Pension Fund 1,406 4.4%
P McDowell’s Pension Fund 1,213 3.8%
Funds managed by Threadneedle Investments 1,049 3.3%
LGT Bank 973 3.1%

At 30 November 2020, 24.7% 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 30 November 2020. 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 4.4%
S McQuillan 311,492 1.0%
S M King 274,788 0.9%
L Thomas 16,000 0.1%

Share options

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

Executive

At 29 September 2020

S McQuillan 975,000
S M King 779,000

The share options are exercisable from 24 September 2013 to 17 December 2029 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.