Avon Rubber PLC Director/PDMR Shareholding (5881Y)
07 December 2017 - 1:14AM
UK Regulatory
TIDMAVON
RNS Number : 5881Y
Avon Rubber PLC
06 December 2017
6 December 2017
Grant of Awards - Employee Share Plans
Avon Rubber p.l.c. ("the Company")
Announcement of transaction in ordinary shares of GBP1 each (the
"Shares")
The Company announces that on 6 December 2017 nil cost option
awards ('PSP Awards') were granted under the 2010 Performance Share
Plan to Directors of the Company and persons discharging managerial
responsibility ('PDMRs'), as listed below.
The PSP Awards are subject to performance criteria and the
performance period applicable is 1 October 2017 to 30 September
2020.
The number of shares placed under award and the start price
against which the Total Shareholder Return performance target 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 2017,
which was GBP11.32. The awards are also subject to an earnings per
share performance target. Full details of the PSP scheme are
disclosed in the Company's Remuneration Report.
Name of Director/PDMR Number of PSP Awards
----------------------- ---------------------
Paul McDonald 26,511
----------------------- ---------------------
Nick Keveth 20,325
----------------------- ---------------------
Miles Ingrey-Counter 11,877
----------------------- ---------------------
Craig Sage 10,251
----------------------- ---------------------
Leon Klapwijk 11,665
----------------------- ---------------------
The information contained in the below notification is disclosed
in accordance with the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities (PDMR).
1 Details of person discharging managerial
responsibilities/person closely associated
-------- -----------------------------------------------------------------
a) Name 1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) Craig Sage
5) Leon Klapwijk
-------- ------------------------- --------------------------------------
2 Reason for the notification
-------- -----------------------------------------------------------------
a) Position / 1) Chief Executive Officer
status 2) Chief Financial Officer
3) Company Secretary
4) Divisional Head - Dairy
5) Divisional Head - Protection
-------- ------------------------- --------------------------------------
b) Initial notification Initial notification
/
amendment
-------- ------------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
-------- -----------------------------------------------------------------
a) Name Avon Rubber p.l.c.
-------- ------------------------- --------------------------------------
b) LEI 213800JM1AN62REBWA71
-------- ------------------------- --------------------------------------
4 Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place
where transactions have been conducted
-------- -----------------------------------------------------------------
a) Description Ordinary GBP1 shares in
of the Avon Rubber p.l.c.
financial
instrument GB0000667013
and ISIN Code
-------- ------------------------- --------------------------------------
b) Nature of Grant of nil cost option
the awards subject to performance
transaction criteria, measured over
a three year performance
period, under the Company's
Performance Share Plan.
-------- ------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) -------------- ----------------
1) NIL 1) 26,511
2) NIL 2) 20,325
3) NIL 3) 11,877
4) NIL 4) 10,251
5) NIL 5) 11,665
-------------- ----------------
-------- ------------------------- --------------------------------------
d) Aggregated
Information
1) 26,511 shares under nil
* Aggregated volume cost option
NIL
NIL
* Aggregated price 20,325 shares under nil
cost option
NIL
* Aggregated total NIL
11,877 shares under nil
cost option
2) NIL
* Aggregated volume NIL
10,251 shares under nil
cost option
* Aggregated price NIL
NIL
11,665 shares under nil
* Aggregated total cost option
NIL
NIL
3)
* Aggregated volume
* Aggregated price
* Aggregated total
4)
* Aggregated volume
* Aggregated price
* Aggregated total
5)
* Aggregated volume
* Aggregated price
* Aggregated total
-------- ------------------------- --------------------------------------
e) Date of the All occurred on 2017-12-06
transactions
-------- ------------------------- --------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
-------- ------------------------- --------------------------------------
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the
Market Abuse Regulation.
Contact Information:
Avon Rubber p.l.c.
Miles Ingrey-Counter, Company Secretary 01225 896850
Weber Shandwick Financial
Nick Oborne/Tom Jenkins 020 7067 0700
Note to editors:
Avon Rubber p.l.c. is an innovative technology group,
specialising in respiratory protection systems and milking point
solutions through our two businesses Avon Protection and milkrite |
InterPuls. Avon Rubber p.l.c. design, test and manufacture
specialist products and services to maximise the performance and
capabilities of our customers.
Avon Protection is the recognised global leader in advanced
Chemical, Biological, Radiological and Nuclear (CBRN) respiratory
protection systems for the world's Military, Law Enforcement and
Fire services.
milkrite | InterPuls is a global leader providing complete
milking point solutions to customers across the world with the aim
of improving every farm it touches.
For further information, please visit the Group's website:
www.avon-rubber.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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