Avon Rubber PLC Director/PDMR Shareholding (9762E)
13 July 2021 - 2:00AM
UK Regulatory
TIDMAVON
RNS Number : 9762E
Avon Rubber PLC
12 July 2021
12 July 2021
Avon Rubber p.l.c.
('the Company')
PDMR Shareholdings
Employee Stock Purchase Plan
The Company was notified on 12 July 2021 that the below purchase
of Avon Rubber p.l.c. ordinary shares were made by Killik & Co
Trustee Ltd on 9 July 2021 on behalf of James Wilcox, a PDMR under
the Avon Rubber Employee Stock Purchase Plan (ESPP).
The ESPP is an employee stock purchase plan available to
eligible US employees of the Company's US subsidiaries. Under the
ESPP, the Company offers US employees the opportunity to buy or
subscribe for shares out of their post-tax salary at a discounted
price of no less than 85% market value.
Section 85(1) of the Financial Services and Markets Act 2000 (
FSMA 2000 ) provides that it is unlawful to offer transferable
securities to the public unless an approved prospectus has been
made available. The total consideration for the securities being
offered is less than EUR5,000,000 therefore the Company will fall
within the exemption at paragraph 9(1) of Schedule 11A of FSMA
2000.
This notification is made in order to satisfy both section 793
of the Companies Act 2006 and the requirements of the EU Market
Abuse Regulation.
The information contained in the below notifications are
disclosed in accordance with Article 19 of the EU Market Abuse
Regulation.
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name James Wilcox
------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status 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
and ISIN Code GB0000667013
------------------------- -----------------------------------------
b) Nature of the Acquisition of shares in accordance
transaction with Avon's Employee Stock Purchase
Plan. Transaction by PDMR under article
19 of the Market Abuse Regulation.
------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP 25.64 9 8
----------
------------------------- -----------------------------------------
d) Aggregated Information
* Aggregated volume 98
GBP 25.64
GBP 2,512.72
* Aggregated price
* Aggregated total
------------------------- -----------------------------------------
e) Date of the 2021-07-09
transaction
------------------------- -----------------------------------------
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
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