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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Avon Technologies Plc | AQSE:AVON.GB | Aquis Stock Exchange | Ordinary Share | GB0000667013 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27.04 | 1.88% | 1,467.04 | 1,370.00 | 1,510.00 | 1,472.56 | 1,440.00 | 1,440.00 | 776 | 13:49:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2022 to Dec 2024
TIDMAVON
RNS Number : 8554Q
Avon Protection PLC
20 October 2023
Avon Protection plc
20 October 2023
NOTIFICATION OF PDMR DEALING
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.
LTIP awards
On 19 October 2023 the following awards over ordinary shares of GBP1 each in Avon Protection plc were granted under the Avon Rubber p.l.c. Long Term Incentive Plan ('LTIP') to the following person(s) discharging managerial responsibilities:
Hot Features
Premium
PDMR Position Country No. of Shares No. of Shares
of residence under Award under Award
I II
James Wilcox President Head Protection US 47,980 11,387
=========================== ============== ============== =============
President Respiratory
Steve Elwell Protection UK 42,633 6,848
=========================== ============== ============== =============
President of Operational
Excellence and Continuous
Paul Hamilton Improvement US 42,892 2,796
=========================== ============== ============== =============
General Counsel and
Miles Ingrey-Counter Company Secretary UK 41,336 10,482
=========================== ============== ============== =============
The awards were granted as nil cost options for the two UK resident PDMRs and as conditional awards for the two PDMRs who are resident in the US.
In respect of the awards noted as Award I above: such nil cost option awards will ordinarily become exercisable and the conditional awards will ordinarily vest on 19 October 2026, 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 performance conditions attached to such awards have an underlying performance period of three financial years of the Company (commencing with the current financial year) and relate to measures of profit after tax and return on invested capital.
In respect of the awards noted as Award II above: such nil cost option awards will ordinarily become exercisable and the conditional awards will ordinarily vest on 19 October 2026, subject to the grantee's continued service and satisfactory personal performance.
In respect of both types of award the Remuneration Committee retains a general discretion under the rules of the LTIP to adjust the extent of vesting that would otherwise apply to take into account such factors as it considers relevant (including, but not limited to, the overall performance of the Company, any Group Member or the grantee).
Part waiver and cancellation of certain LTIP awards
On 19 October 2023 the following person(s) discharging managerial responsibilities waived awards granted to them under the LTIP in 2021 and 2022 in respect of the number of ordinary shares of GBP1 each in Avon Protection plc as summarised below:
PDMR Position Country No. of Shares No. of Shares
of residence waived under waived under
02.02.21 01.02.22 LTIP
LTIP Award Award
James Wilcox President Head Protection US 10,624 12,151
=========================== ============== ============== ==============
President Respiratory
Steve Elwell Protection UK 4,198 9,498
=========================== ============== ============== ==============
President of Operational
Excellence and Continuous
Paul Hamilton Improvement US - 5,592
=========================== ============== ============== ==============
General Counsel and
Miles Ingrey-Counter Company Secretary UK 10,316 10,648
=========================== ============== ============== ==============
The aforementioned waivers equated to one half of the total number of Shares in respect of which such awards were ordinarily granted which had associated earnings per share performance conditions attached.
The balance of the awards remains intact and continues to be capable of vesting on the associated third anniversary of the grant, subject to the grantee's continued service and to the extent to which the original total shareholder related performance conditions attached to such remaining balance of such awards are met.
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 two nil cost option awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,633
----------
N il 6,848
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 49,481
Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 19 October 2023
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Miles Ingrey-Counter
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary
------------------------------- ----------------------------------------
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 two nil cost option awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 41,336
----------
N il 10,482
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 51,818
Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 19 October 2023
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Wilcox
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status President Head 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 two conditional awards under
the Avon Rubber p.l.c. Long Term Incentive
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 47,980
----------
Nil 11,387
----------
------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume 59,367
Nil
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 19 October 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 two conditional awards under
the Avon Rubber p.l.c. Long Term Incentive
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,892
----------
Nil 2,796
----------
------------------------------- --------------------------------------------
d) Aggregated information
* Aggregated volume 45,688
Nil
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 19 October 2023
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steve Elwell
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status President Respiratory
------------------------------- ----------------------------------------
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 Part surrender of 2021 and 2023 awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,198
----------
Nil 9,498
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 13,696
Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 19 October 2023
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Miles Ingrey-Counter
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary
------------------------------- ----------------------------------------
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 Part surrender of 2021 and 2023 awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 10,316
----------
Nil 10,648
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 20,964
Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 19 October 2023
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Wilcox
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status President Head 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 Part surrender of 2021 and 2023 awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 10,624
----------
Nil 12,151
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 22,775
Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 19 October 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 Part surrender of 2021 and 2023 awards
under the Avon Rubber p.l.c. Long Term
Incentive Plan.
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 5,592
----------
-------------------------------- ----------------------------------------
Aggregated information
* Aggregated volume
d) * Price 5,592
-------------------------------- ----------------------------------------
e) Date of the transaction 19 October 2023
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
Enquiries:
Avon Protection plc
Miles Ingrey-Counter, Company Secretary 01225 896 850
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END
DSHDZMZGFGZGFZM
(END) Dow Jones Newswires
October 20, 2023 10:00 ET (14:00 GMT)
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