Avon Rubber PLC Director/PDMR Shareholding (9987I)

TIDMAVON

RNS Number : 9987I

Avon Rubber PLC

05 September 2016

Avon Rubber p.l.c.

5 September 2016

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 05 September 2016 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 05 September 2016 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 
------------------------------------  -----------  -----------  -------------------  --------------- 
 Andrew 
  Lewis              17                0.00005      GBP8.55      60,146               0.194 
------------------  ----------------  -----------  -----------  -------------------  --------------- 
 PDMRs 
------------------  ----------------  -----------  -----------  -------------------  --------------- 
 Miles 
  Ingrey-Counter     17                0.00005      GBP8.55      18,575               0.060 
------------------  ----------------  -----------  -----------  -------------------  --------------- 
 Sarah 
  Matthews-DeMers    17                0.00005      GBP8.55      4,358                0.014 
------------------  ----------------  -----------  -----------  -------------------  --------------- 
 

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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September 05, 2016 11:35 ET (15:35 GMT)