Avon Rubber PLC Director/PDMR Shareholding (5778M)

TIDMAVON

RNS Number : 5778M

Avon Rubber PLC

31 July 2017

31 July 2017

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 26 July 2017 conditional awards over shares ('PSP Awards') were granted under the 2010 Performance Share Plan to 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 2016, 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 
-----------------------  --------------------- 
       Craig Sage                6,704 
-----------------------  --------------------- 
     Leon Klapwijk               6,143 
-----------------------  --------------------- 
 

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).

a)

 
   Details of PDMR 
  ----------------------------------------------------------- 
   Name              Craig Sage 
  ----------------  ----------------------------------------- 
   Position          Divisional Head - Dairy 
    / 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       6,704 conditional 
                                     share awards 
  ----------------  -------------  -------------------------- 
   Aggregated        GBP 0.00 
    information 
    Aggregated        6,704 conditional share awards 
    volume 
    Price 
  ----------------  ----------------------------------------- 
   Date of           2017-07-26 
    the 
    transaction 
  ----------------  ----------------------------------------- 
   Place of          N/A 
    the 
    transaction 
  ----------------  ----------------------------------------- 
 

a)

 
   Details of PDMR 
  ----------------------------------------------------------- 
   Name              Leon Klapwijk 
  ----------------  ----------------------------------------- 
   Position          Divisional Head - Protection 
    / 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       6,143 conditional 
                                     share awards 
  ----------------  -------------  -------------------------- 
   Aggregated        GBP 0.00 
    information 
    Aggregated        6,143 conditional share awards 
    volume 
    Price 
  ----------------  ----------------------------------------- 
   Date of           2017-07-26 
    the 
    transaction 
  ----------------  ----------------------------------------- 
   Place of          N/A 
    the 
    transaction 
  ----------------  ----------------------------------------- 
 
 
 Contact Information: Paul McDonald, Chief Executive              01225 896400 
   Nick Keveth, Chief Financial Officer        01225 896830 
    Miles Ingrey-Counter, Company Secretary     01225 896850 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 31, 2017 06:03 ET (10:03 GMT)