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AVON Avon Protection Plc

1,168.00
-30.00 (-2.50%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avon Protection Plc LSE:AVON London Ordinary Share GB0000667013 ORD #1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -30.00 -2.50% 1,168.00 1,164.00 1,174.00 1,212.00 1,156.00 1,202.00 55,362 16:35:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts 280.5M -14.4M -0.4642 -25.25 363.59M

Avon Rubber PLC Director/PDMR Shareholding (5117X)

24/11/2017 4:39pm

UK Regulatory


Avon Protection (LSE:AVON)
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From Apr 2019 to Apr 2024

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TIDMAVON

RNS Number : 5117X

Avon Rubber PLC

24 November 2017

24 November 2017

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

Directors' and PDMRs' Interest in Shares

Release of 2015 deferred bonus shares

As previously announced to shareholders on 19 November 2015, a portion of the annual bonus payments due to PDMR and now Chief Executive Officer, Paul McDonald and PDMR, Miles Ingrey-Counter, in respect of the 2015 financial year were deferred into Company shares, to be held for two years.

On 23 November 2017, following expiry of the deferral period, 1,272 deferred bonus shares were released to Paul McDonald and 1,057 to Miles Ingrey-Counter. Paul McDonald sold these shares at a price of 1176 pence per share on 23 November 2017. Deferred bonus shares are not subject to the Company's shareholding guidelines.

 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                       Paul McDonald 
--------  -------------------------  --------------------------------- 
      2    Reason for the notification 
--------  ------------------------------------------------------------ 
      a)   Position /                 Chief Executive Officer 
            status 
--------  -------------------------  --------------------------------- 
      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                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument       GB0000667013 
            and ISIN Code 
--------  -------------------------  --------------------------------- 
      b)   Nature of the              Sale of shares. Following expiry 
            transaction                of the deferral period, the 
                                       2015 deferred bonus shares 
                                       purchased on 18 November 2015 
                                       were released to and were sold 
                                       by Paul McDonald. 
--------  -------------------------  --------------------------------- 
      c)   Price(s) and                Price(s)   Volume(s) 
            volume(s)                     11.76      1,272 
                                       ---------  ---------- 
--------  -------------------------  --------------------------------- 
      d)   Aggregated                  1,272 
            Information                 GBP 11.76 
             *    Aggregated volume     GBP 14,958.72 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  --------------------------------- 
      e)   Date of the                2017-11-23 
            transaction 
--------  -------------------------  --------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  --------------------------------- 
 
 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------------ 
      b)   Name                       Miles Ingrey-Counter 
--------  -------------------------  --------------------------------------- 
      2    Reason for the notification 
--------  ------------------------------------------------------------------ 
      c)   Position /                 Company Secretary 
            status 
--------  -------------------------  --------------------------------------- 
      d)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  --------------------------------------- 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  ------------------------------------------------------------------ 
      c)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  --------------------------------------- 
      d)   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 
--------  ------------------------------------------------------------------ 
      g)   Description                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument       GB0000667013 
            and ISIN Code 
--------  -------------------------  --------------------------------------- 
      h)   Nature of the              Following expiry of the deferral 
            transaction                period, the 2015 deferred bonus 
                                       shares purchased on 18 November 
                                       2015 were released to Miles 
                                       Ingrey-Counter on 23 November 
                                       2017. 
--------  -------------------------  --------------------------------------- 
      i)   Price(s) and                                Price(s)   Volume(s) 
            volume(s)                                     N/A        1,057 
                                                      ----------  ---------- 
--------  -------------------------  --------------------------------------- 
      j)   Aggregated                  1,057 
            Information                 GBP N/A 
             *    Aggregated volume     GBP N/A 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  --------------------------------------- 
      k)   Date of the                Date shares released to Miles 
            transaction                Ingrey-Counter: 2017-11-23 
--------  -------------------------  --------------------------------------- 
      l)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  --------------------------------------- 
 

2017 deferred bonus arrangements

A portion of the annual bonus payments due to the Executive Directors, Paul McDonald and Nick Keveth and certain PDMRs of the Company in respect of the 2017 financial year were deferred into Company shares on 23 November 2017. 25% of the annual bonus linked to financial targets, as distinct from personal performance targets, was subjected to tax and national insurance/social security and the net amount was used to purchase Company shares. The shares are to be held for two years and are not subject to the Company's shareholding guidelines.

The table below sets out the number of 2017 deferred bonus shares held by the Executive Directors and each PDMR following this transaction.

 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------------ 
      c)   Name                            1) Paul McDonald 
                                            2) Nicholas Keveth 
                                            3) Miles Ingrey-Counter 
                                            4) Leon Klapwijk 
                                            5) Craig Sage 
--------  -------------------------  --------------------------------------- 
      2    Reason for the notification 
--------  ------------------------------------------------------------------ 
      e)   Position /                      1) Chief Executive Officer 
            status                          2) Chief Financial Officer 
                                            3) Company Secretary 
                                            4) Divisional Head - Protection 
                                            5) Divisional Head - Dairy 
--------  -------------------------  --------------------------------------- 
      f)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  --------------------------------------- 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  ------------------------------------------------------------------ 
      e)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  --------------------------------------- 
      f)   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 
--------  ------------------------------------------------------------------ 
      m)   Description                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument       GB0000667013 
            and ISIN Code 
--------  -------------------------  --------------------------------------- 
      n)   Nature of the              Acquisition of shares. A portion 
            transaction                of the annual bonus payments 
                                       in respect of the 2016/17 
                                       financial year were deferred 
                                       into Company shares on 23 
                                       November 2017. 25% of the 
                                       annual bonus linked to financial 
                                       targets, as distinct from 
                                       personal performance targets, 
                                       was subjected to tax and national 
                                       insurance/social security 
                                       and the net amount was used 
                                       to purchase Company shares. 
                                       The shares are to be held 
                                       for two years and are not 
                                       subject to the Company's shareholding 
                                       guidelines. 
--------  -------------------------  --------------------------------------- 
      o)   Price(s) and                     Price(s)           Volume(s) 
            volume(s)                  --------------------  --------------- 
                                             1) GBP 11.76          1) 1,443 
                                              2) GBP 11.76          2) 364 
                                              3) GBP 11.76          3) 1,063 
                                              4) GBP 11.76          4) 485 
                                              5) GBP 11.76          5) 367 
                                       --------------------  --------------- 
--------  -------------------------  --------------------------------------- 
      p)   Aggregated                  1,443 
            Information                 GBP 11.76 
            1)                          GBP 16,969.68 
             *    Aggregated volume     364 
                                        GBP 11.76 
                                        GBP 4,280.64 
             *    Aggregated price      1,063 
                                        GBP 11.76 
                                        GBP 12,500.88 
             *    Aggregated total      485 
                                        GBP 11.76 
                                        GBP 5,703.60 
            2)                          367 
             *    Aggregated volume     GBP 11.76 
                                        GBP 4,315.92 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
 
 
            3) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
 
 
            4) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
 
 
            5) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  --------------------------------------- 
      q)   Date of the                All occurred on 2017-11-23 
            transactions 
--------  -------------------------  --------------------------------------- 
      r)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  --------------------------------------- 
 

LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUSONRBNAAUAA

(END) Dow Jones Newswires

November 24, 2017 11:39 ET (16:39 GMT)

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