Significant Shareholdings

As at 31 January 2021, 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 31,971,307 shares:

Ordinary shares of 5p each

Number of shares (000’s)

Percentage of issued share capital owned

Harwood Capital 4,034 12.6%
Funds managed by Business Growth Fund 2,363 7.4%
Funds managed by RBC Trustees Limited 1,984 6.2%
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 1,039 3.2%
LGT Bank 973 3.0%

At 31 May 2021, 25.7% 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 31 May 2021. 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 416,749 1.3%
S M King 361,435 1.1%
L Thomas 16,000 0.1%

Share options

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

Executive

At 31 May 2021

S McQuillan 904,750
S M King 729,750

The share options are exercisable from 23 November 2016 to 23 November 2030 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.