Avon Rubber PLC Director/PDMR Shareholding (4237J)
05 December 2018 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 4237J
Avon Rubber PLC
04 December 2018
4 December 2018
Avon Rubber p.l.c. ('the Company')
Directors' and PDMRs' Interest in Shares
Release of 2016 deferred bonus shares
As previously announced to shareholders on 17 November 2016, a
portion of the annual bonus payments due to PDMR and now Chief
Executive Officer, Paul McDonald and PDMR, Miles Ingrey-Counter, in
respect of the 2016 financial year were deferred into Company
shares, to be held for two years.
On 29 November 2018, following expiry of the deferral period,
392 deferred bonus shares were released to Paul McDonald and 365 to
Miles Ingrey-Counter. Both sold these shares at a price of 1292.5
pence per share on 29 November 2018. Deferred bonus shares are not
subject to the Company's shareholding guidelines.
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name Paul McDonald
------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------- ----------------------------------------
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 of Ordinary GBP1 shares in Avon Rubber
the p.l.c.
financial instrument GB0000667013
and ISIN Code
------------------------- ----------------------------------------
b) Nature of the Sale of shares. Following expiry of
transaction the deferral period, the 2016 deferred
bonus shares purchased on 16 November
2016 were released to and were sold
by Paul McDonald.
------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP12.925 392
------------------------- ----------------------------------------
d) Aggregated Information N/A
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- ----------------------------------------
e) Date of the 2018-11-29
transaction
------------------------- ----------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- ----------------------------------------
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name Miles Ingrey-Counter
------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position / status Company Secretary
------------------------- ----------------------------------------
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 of Ordinary GBP1 shares in Avon Rubber
the p.l.c.
financial instrument GB0000667013
and ISIN Code
------------------------- ----------------------------------------
b) Nature of the Sale of shares. Following expiry of
transaction the deferral period, the 2016 deferred
bonus shares purchased on 16 November
2016 were released to and were sold
by Miles Ingrey-Counter.
------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP12.925 365
------------------------- ----------------------------------------
d) Aggregated Information N/A
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- ----------------------------------------
e) Date of the 2018-11-29
transaction
------------------------- ----------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- ----------------------------------------
2018 deferred bonus arrangements
A portion of the annual bonus payments due to the Executive
Directors, Paul McDonald and Nick Keveth and certain PDMRs of the
Company in respect of the 2018 financial year were deferred into
Company shares on 29 November 2018. 25% of the annual bonus linked
to financial targets, as distinct from personal performance
targets, was subjected to tax and national insurance/social
security and the net amount was used to purchase Company shares.
The shares are to be held for two years and are not subject to the
Company's shareholding guidelines.
The table below sets out the number of 2018 deferred bonus
shares held by the Executive Directors and each PDMR following this
transaction.
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name 1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) Leon Klapwijk
5) Craig Sage
6) James Wilcox
------------------------- ----------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position / status 1) Chief Executive Officer
2) Chief Financial Officer
3) Company Secretary
4) Divisional Head - Protection
5) Divisional Head - Dairy
6) Divisional Head- Military
------------------------- ----------------------------------------------------
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 of Ordinary GBP1 shares in Avon Rubber
the p.l.c.
financial instrument GB0000667013
and ISIN Code
------------------------- ----------------------------------------------------
b) Nature of the Acquisition of shares. A portion of
transaction the annual bonus payments in respect
of the 2017/18 financial year were
deferred into Company shares on 29
November 2018. 25% of the annual bonus
linked to financial targets, as distinct
from personal performance targets,
was subjected to tax and national insurance/social
security and the net amount was used
to purchase Company shares. The shares
are to be held for two years and are
not subject to the Company's shareholding
guidelines.
------------------------- ----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1) GBP12.898 1) 1,788
2) GBP12.898 2) 1,309
3) GBP12.898 3) 942
4) GBP12.898 4) 978
5) GBP12.898 5) 866
6) GBP12.898 6) 669
---------------
------------------------- ----------------------------------------------------
d) N/A
* Aggregated total
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- ----------------------------------------------------
e) Date of the All occurred on 2018-11-29
transactions
------------------------- ----------------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- ----------------------------------------------------
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the
Market Abuse Regulation.
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END
DSHUSSSRWBAURAA
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