Avon Protection PLC Director/PDMR Shareholding (1017G)

TIDMAVON

RNS Number : 1017G

Avon Protection PLC

14 July 2023

Avon Protection plc

14 July 2023

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE LTIP

AVON PROTECTION PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 14 July 2023 an award over ordinary shares of GBP1 each in Avon Protection plc was granted under the Avon Rubber p.l.c. Long Term Incentive Plan to the following persons discharging managerial responsibilities, as set out below:

 
 PDMR            Position                     Country          No. of shares under 
                                               of residence     Award 
                 President Respiratory 
 Steve Elwell     Protection                  UK               10,329 
                 ===========================  ==============  ==================== 
                 President of Operational 
                  Excellence and Continuous 
 Paul Hamilton    Improvement                 US               11,183 
                 ===========================  ==============  ==================== 
 

The awards were granted as a nil cost option for the UK resident PDMR and a conditional award for the US resident PDMR. The nil cost option award will ordinarily become exercisable and the conditional award will ordinarily vest on 21 December 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Steve Elwell 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  President Respiratory Protection 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             Avon Protection plc 
     -------------------------------  -------------------------------------------- 
 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 of the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Protection plc 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nil cost option award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         10,329 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          14 July 2023 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Paul Hamilton 
     -------------------------------  ----------------------------------------- 
 2    Reason for Notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                  President of Operational Excellence 
                                        and Continuous Improvement 
     -------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                             Avon Protection plc 
     -------------------------------  ----------------------------------------- 
 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 of the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Protection plc 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional under the Avon 
                                        Rubber p.l.c. Long Term Incentive Plan. 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         11,183 
                                                    ---------- 
     -------------------------------  ----------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          14 July 2023 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ----------------------------------------- 
 

Enquiries:

Avon Protection plc

   Miles Ingrey-Counter, Company Secretary                                   01225 896 850 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBZLFFXDLEBBQ

(END) Dow Jones Newswires

July 14, 2023 07:00 ET (11:00 GMT)