Avon Rubber PLC Director/PDMR Shareholding (1659V)
29 November 2019 - 11:00PM
UK Regulatory
TIDMAVON
RNS Number : 1659V
Avon Rubber PLC
29 November 2019
29 November 2019
Avon Rubber p.l.c. ('the Company')
Directors' and PDMRs' Interest in Shares
Release of 2017 deferred bonus shares
As previously announced to shareholders on 24 November 2017, a
portion of the annual bonus payments due to Chief Executive Officer
Paul McDonald, Chief Financial Officer Nick Keveth, PDMR Miles
Ingrey-Counter and PDMR Craig Sage, in respect of the 2017
financial year were deferred into Company shares, to be held for
two years.
On 26 November 2019, following expiry of the deferral period,
1,443 deferred bonus shares were released to Paul McDonald, 364 to
Nick Keveth, 1,063 to Miles Ingrey-Counter and 367 to Craig Sage.
Paul McDonald and Miles Ingrey-Counter sold these shares at a price
of 2002.5 pence per share on 26 November 2019. 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 2017 deferred
bonus shares purchased on 23 November
2017 were released to and were sold
by Paul McDonald.
------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP20.025 1,443
------------------------- ----------------------------------------
d) Aggregated Information N/A
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- ----------------------------------------
e) Date of the 2019-11-26
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 2017 deferred
bonus shares purchased on 23 November
2017 were released to and were sold
by Miles Ingrey-Counter.
------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP20.025 1,063
------------------------- ----------------------------------------
d) Aggregated Information N/A
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- ----------------------------------------
e) Date of the 2019-11-26
transaction
------------------------- ----------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- ----------------------------------------
2019 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 2019 financial year were deferred into
Company shares on 27 November 2019. 25% of the annual bonus for the
Executive Directors, and 25% of the annual bonus linked to
financial targets (as distinct from personal performance targets)
for the PDMRs, was subject 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 2019 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) Craig Sage
5) James Wilcox
6) David Mack
------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position / status 1) Chief Executive Officer
2) Chief Financial Officer
3) Company Secretary
4) Managing Director, milkrite|InterPuls
5) President, Military
6) President, Law Enforcement and Fire
------------------------- -----------------------------------------------
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. 25% the annual
transaction bonus payments for Executive Directors
and 25% of the annual bonus payments
linked to financial targets (as distinct
from personal performance targets)
for the PDMRs, 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) GBP20.077 1) 1,400
2) GBP20.077 2) 970
3) GBP20.077 3) 465
4) GBP20.077 4) 413
5) GBP20.077 5) 622
6) GBP20.077 6) 240
--------------
------------------------- -----------------------------------------------
d) N/A
* Aggregated total
* Aggregated volume
* Aggregated price
* Aggregated total
------------------------- -----------------------------------------------
e) Date of the All occurred on 2019-11-27
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
DSHUKAARKOAAUAA
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