Avon Rubber PLC Director/PDMR Shareholding (4543R)

TIDMAVON

RNS Number : 4543R

Avon Rubber PLC

09 December 2016

9 December 2016

Grant of Awards - Employee Share Plans

Avon Rubber p.l.c. ("the Company")

Announcement of transaction in ordinary shares of GBP1 each (the "Shares")

The Company announces that on 8 December 2016 conditional awards over shares ('PSP Awards') were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ('PDMRs'), as listed below.

The PSP Awards are subject to performance criteria and the performance period applicable is 1 October 2016 to 30 September 2019.

The number of shares placed under award and the start price against which the Total Shareholder Return performance target will be measured over the 3 year performance period is the average price of the Company's shares over the 5 days following announcement of the Company's annual results for the year ended 30 September 2015, which was 1053.4 pence. The awards are also subject to an earnings per share performance target. Full details of the PSP scheme are disclosed in the Company's Remuneration Report.

 
 Name of Director/PDMR    Number of PSP Awards 
-----------------------  --------------------- 
       Rob Rennie                31,327 
-----------------------  --------------------- 
  Miles Ingrey-Counter           12,759 
-----------------------  --------------------- 
     Paul McDonald               14,809 
-----------------------  --------------------- 
 

The information contained in the below notification is disclosed in accordance with the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR).

 
     Details of PDMR 
    ------------------------------------------------------------- 
     Name            Rob Rennie 
    --------------  --------------------------------------------- 
     Position        CEO 
      / status 
    --------------  --------------------------------------------- 
     Initial         Initial notification 
      notification 
      / 
      amendment 
    --------------  --------------------------------------------- 
     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 
    ------------------------------------------------------------- 
     Description     Ordinary GBP1 shares in Avon Rubber 
      of the          p.l.c. 
      financial 
      instrument      GB0000667013 
      and ISIN 
      Code 
    --------------  --------------------------------------------- 
     Nature of       Grant of joint ownership awards 
      the             and nil cost options subject to 
      transaction     performance criteria, measured 
                      over a three year performance period. 
    --------------  --------------------------------------------- 
     Price(s)         Price(s)   Volume(s) 
      and             ---------  -------------------------------- 
      volume(s)        GBP 0.00   31,327 conditional share awards 
                      ---------  -------------------------------- 
    --------------  --------------------------------------------- 
     Aggregated      GBP 0.00 
      information     31,327 conditional share awards 
      Aggregated 
       volume 
      Price 
    --------------  --------------------------------------------- 
     Date of         2016-12-08 
      the 
      transaction 
    --------------  --------------------------------------------- 
     Place of        N/A 
      the 
      transaction 
    --------------  --------------------------------------------- 
 
 
     Details of PDMR 
    ------------------------------------------------------------- 
     Name            Miles Ingrey-Counter 
    --------------  --------------------------------------------- 
     Position        Company Secretary and Group Counsel 
      / status 
    --------------  --------------------------------------------- 
     Initial         Initial notification 
      notification 
      / 
      amendment 
    --------------  --------------------------------------------- 
     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 
    ------------------------------------------------------------- 
     Description     Ordinary GBP1 shares in Avon Rubber 
      of the          p.l.c. 
      financial 
      instrument      GB0000667013 
      and ISIN 
      Code 
    --------------  --------------------------------------------- 
     Nature of       Grant of joint ownership awards 
      the             and nil cost options subject to 
      transaction     performance criteria, measured 
                      over a three year performance period. 
    --------------  --------------------------------------------- 
     Price(s)         Price(s)   Volume(s) 
      and             ---------  -------------------------------- 
      volume(s)        GBP 0.00   12,759 conditional share awards 
                      ---------  -------------------------------- 
    --------------  --------------------------------------------- 
     Aggregated      GBP 0.00 
      information     12,759 conditional share awards 
      Aggregated 
       volume 
      Price 
    --------------  --------------------------------------------- 
     Date of         2016-12-08 
      the 
      transaction 
    --------------  --------------------------------------------- 
     Place of        N/A 
      the 
      transaction 
    --------------  --------------------------------------------- 
 
 
     Details of PDMR 
    ------------------------------------------------------------- 
     Name            Paul McDonald 
    --------------  --------------------------------------------- 
     Position        Head of Dairy Division 
      / status 
    --------------  --------------------------------------------- 
     Initial         Initial notification 
      notification 
      / 
      amendment 
    --------------  --------------------------------------------- 
     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 
    ------------------------------------------------------------- 
     Description     Ordinary GBP1 shares in Avon Rubber 
      of the          p.l.c. 
      financial 
      instrument      GB0000667013 
      and ISIN 
      Code 
    --------------  --------------------------------------------- 
     Nature of       Grant of joint ownership awards 
      the             and nil cost options subject to 
      transaction     performance criteria, measured 
                      over a three year performance period. 
    --------------  --------------------------------------------- 
     Price(s)         Price(s)   Volume(s) 
      and             ---------  -------------------------------- 
      volume(s)        GBP 0.00   14,809 conditional share awards 
                      ---------  -------------------------------- 
    --------------  --------------------------------------------- 
     Aggregated      GBP 0.00 
      information     14,809 conditional share awards 
      Aggregated 
       volume 
      Price 
    --------------  --------------------------------------------- 
     Date of         2016-12-08 
      the 
      transaction 
    --------------  --------------------------------------------- 
     Place of        N/A 
      the 
      transaction 
    --------------  --------------------------------------------- 
 
 
 Contact Information: Rob Rennie, Chief Executive                    01225 896870 
   Paul Rayner, Interim Group Finance Director    01225 896830 
    Miles Ingrey-Counter, Company Secretary        01225 896850 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 09, 2016 05:43 ET (10:43 GMT)