Grant of Awards - Employee Share Plans
17 March 2010 - 1:05AM
UK Regulatory
TIDMAVON
RNS Number : 6677I
Avon Rubber PLC
16 March 2010
16 March 2010
Grant of Awards - Employee Share Plans
Avon Rubber p.l.c ("the Company")
Announcement of transaction in ordinary shares of GBP1 each (the "Shares")
Following approval of the Company's Performance Share Plan 2010 at the annual
general meeting on 2 March 2010, the Company announces that on 15 March 2010
joint ownership awards, nil cost options and conditional awards of shares ("PSP
Awards") were granted under the 2010 Plan to Directors of the Company and
persons discharging managerial responsibility ("PDMRs"), as listed below.
The performance period applicable to the PSP Awards is 1 October 2009 to 30
September 2012.
The number of shares placed under award and the start price against which
performance of the share price will be measured over the 3 year performance
period is the average price of the Company's shares over the 5 days following
announcement of the Company's annual results for the year ended 30 September
2009, which was 95.6 pence. This reflects a 17.3% premium over the Company's
closing share price of 81.5p for the dealing day falling immediately prior to 15
March.
+----------------------------------------+-------------------------------------+
| Name of Director/PDMR | Number of PSP Awards |
+----------------------------------------+-------------------------------------+
| Peter Slabbert | 230,126 |
+----------------------------------------+-------------------------------------+
| Andrew Lewis | 112,971 |
+----------------------------------------+-------------------------------------+
| Miles Ingrey-Counter | 56,485 |
+----------------------------------------+-------------------------------------+
| Matthew Evans | 65,900 |
+----------------------------------------+-------------------------------------+
| Paul McDonald | 53,347 |
+----------------------------------------+-------------------------------------+
| Michael Harral | 44,561 |
+----------------------------------------+-------------------------------------+
| Michael Hamner | 53,867 |
+----------------------------------------+-------------------------------------+
| Gary Dunn | 62,813 |
+----------------------------------------+-------------------------------------+
The transaction took place at Hampton Park West, Semington Road,
Melksham,Wiltshire, SN12 6NB.
This announcement is made pursuant to Disclosure Rule 3.1.4 following
notification under Disclosure Rule 3.1.2.
Contact Information: Miles Ingrey-Counter, Company Secretary, on telephone 01225
896850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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