Avast PLC Director/PDMR Shareholding (8330E)

TIDMAVST

RNS Number : 8330E

Avast PLC

08 July 2019

Avast Plc

(the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

8 July 2019

Grant of Performance Stock Units under Avast Plc Long Term Incentive Plan 2018

The following PDMRs have been granted Performance Stock Units over ordinary shares of 10 p each in the capital of the Company under the Avast plc Long Term Incentive Plan 2018.

 
 Name               Position           Total Number of 
                                        PSU granted 
                    Chief Executive 
 Ondrej Vlcek        Officer           406,309 
                   -----------------  ---------------- 
                    Chief Financial 
 Philip Marshall     Officer           182,048 
                   -----------------  ---------------- 
 

The PSUs will vest on i) 1 July 2022 or ii) following issuance of 2021 audited financial statements, whichever occurs last, subject to the satisfaction of performance conditions. The information below is provided in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation No. 596/2014.

 
1    Details of the person discharging managerial responsibilities 
      / person closely associated 
a)   Name                  ONDREJ VLCEK 
     --------------------  --------------------------------------------------------------- 
2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
a)   Position/status       EXECUTIVE DIRECTOR 
     --------------------  --------------------------------------------------------------- 
b)   Initial notification  INITIAL NOTIFICATION 
      /Amendment 
     --------------------  --------------------------------------------------------------- 
3    Details of the issuer 
     ------------------------------------------------------------------------------------- 
a)   Name                  Avast plc 
     --------------------  --------------------------------------------------------------- 
b)   LEI                   213800IR8G8LC2H4BO27 
     --------------------  --------------------------------------------------------------- 
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 SHARES OF GBP 0.10 EACH IN AVAST PLC (ISIN: 
      of the financial      GB00BDD85M81) 
      instrument, 
      type of instrument 
     --------------------  --------------------------------------------------------------- 
b)   Nature of             GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER 
      the transaction       THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE 
                            SHARES FOR NO COST). THE PSUs WILL VEST ON I) 1 JULY 
                            2022 OR II) FOLLOWING ISSUANCE OF 2021 AUDITED FINANCIAL 
                            STATEMENTS, WHICHEVER OCCURS LAST, SUBJECT TO THE SATISFACTION 
                            OF PERFORMANCE CONDITIONS. 
     --------------------  --------------------------------------------------------------- 
c)   Price(s)               Award Type   Price(s)   Volume(s) 
      and volume(s) 
                             PSU          GBP 0.00   406,309 
     --------------------  --------------------------------------------------------------- 
d)   Aggregated             Aggregated volume: 406,309 
      information            Aggregated price: GBP 0 
      - Aggregated 
      volume - 
      Price 
     --------------------  --------------------------------------------------------------- 
e)   Date of the           3 July 2019 
      transaction 
     --------------------  --------------------------------------------------------------- 
f)   Place of              OPTION EXERCISE: 
      the transaction       OUTSIDE A TRADING VENUE 
                            SALE OF SHARES: 
                            LONDON STOCK EXCHANGE (XLON) 
     --------------------  --------------------------------------------------------------- 
 
 
1    Details of the person discharging managerial responsibilities 
      / person closely associated 
a)   Name                  PHILIP MARSHALL 
     --------------------  --------------------------------------------------------------- 
2    Reason for the notification 
     ------------------------------------------------------------------------------------- 
a)   Position/status       EXECUTIVE DIRECTOR 
     --------------------  --------------------------------------------------------------- 
b)   Initial notification  INITIAL NOTIFICATION 
      /Amendment 
     --------------------  --------------------------------------------------------------- 
3    Details of the issuer 
     ------------------------------------------------------------------------------------- 
a)   Name                  Avast plc 
     --------------------  --------------------------------------------------------------- 
b)   LEI                   213800IR8G8LC2H4BO27 
     --------------------  --------------------------------------------------------------- 
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 SHARES OF GBP 0.10 EACH IN AVAST PLC (ISIN: 
      of the financial      GB00BDD85M81) 
      instrument, 
      type of instrument 
     --------------------  --------------------------------------------------------------- 
b)   Nature of             GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER 
      the transaction       THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE 
                            SHARES FOR NO COST). THE PSUs WILL VEST ON I) 1 JULY 
                            2022 OR II) FOLLOWING ISSUANCE OF 2021 AUDITED FINANCIAL 
                            STATEMENTS, WHICHEVER OCCURS LAST, SUBJECT TO THE SATISFACTION 
                            OF PERFORMANCE CONDITIONS. 
     --------------------  --------------------------------------------------------------- 
c)   Price(s)               Award Type   Price(s)   Volume(s) 
      and volume(s) 
                             PSU          GBP 0.00   182,048 
     --------------------  --------------------------------------------------------------- 
d)   Aggregated             Aggregated volume: 182,048 
      information            Aggregated price: GBP 0 
      - Aggregated 
      volume - 
      Price 
     --------------------  --------------------------------------------------------------- 
e)   Date of the           3 July 2019 
      transaction 
     --------------------  --------------------------------------------------------------- 
f)   Place of              OPTION EXERCISE: 
      the transaction       OUTSIDE A TRADING VENUE 
                            SALE OF SHARES: 
                            LONDON STOCK EXCHANGE (XLON) 
     --------------------  --------------------------------------------------------------- 
 

Alan Rassaby

Company Secretary

Avast Plc.

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July 08, 2019 09:53 ET (13:53 GMT)