Avon Rubber PLC Director/PDMR Shareholding (7156G)

TIDMAVON

RNS Number : 7156G

Avon Rubber PLC

05 March 2015

RNS Number:7156G

Avon Rubber p.l.c.

5 March 2015

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 5 March 2015 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 March 2015 on behalf of the Company's executive directors and persons discharging managerial responsibilities pursuant to the Company's Share Incentive Plan (SIP).

The SIP is an all-employee share plan arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company using deductions from salary in each monthly pay period.

 
                    Number            Percentage   Price        Beneficial           Percentage 
                     of Partnership    of issued    Per Share    Interest             of issued 
                     Shares            share                     in shares            share capital 
                     acquired          capital                   following 
                     under             acquired                  this notification 
                     the SIP 
-----------------  ----------------  -----------  -----------  -------------------  --------------- 
 Executive Directors 
--------------------------------------------------------------------------------------------------- 
 Peter 
  Slabbert                20            0.0001      GBP7.17          137,769             0.444 
-----------------  ----------------  -----------  -----------  -------------------  --------------- 
 Andrew 
  Lewis                   20            0.0001      GBP7.17           81,234             0.262 
-----------------  ----------------  -----------  -----------  -------------------  --------------- 
 PDMRs 
--------------------------------------------------------------------------------------------------- 
 Miles 
  Ingrey-Counter          20            0.0001      GBP7.17           40,382             0.130 
-----------------  ----------------  -----------  -----------  -------------------  --------------- 
 

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 Disclosure and Transparency Rule 3.1.2.

This information is provided by RNS

The company news service from the London Stock Exchange

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