Avast PLC Director/PDMR Shareholding (1870V)

TIDMAVST

RNS Number : 1870V

Avast PLC

29 November 2019

Avast plc

(the "Company")

29 November 2019

Director/PDMR Shareholding

The below individual acquired shares under the Avast plc Existing Employee Share Plan referred to in the Company's Prospectus. The vesting of the award was conditional on continued employment or other service with the Avast Group.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to this transaction is set out below:

 
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          INITIAL NOTIFICATION 
    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 
    ------------------------------------------------------------------------------------------------------------------- 
    Description      ORDINARY SHARES OF GBP 0.10 EACH IN AVAST PLC (ISIN: 
a)  of the            GB00BDD85M81) 
    financial 
    instrument, 
    type of 
    instrument 
    ---------------  -------------------------------------------------------------------------------------------------- 
b)  Nature of        EXERCISE OF OPTIONS IN RESPECT OF 360,581 SHARES VESTING 
    the transaction   UNDER THE EXISTING EMPLOYEE SHARE PLAN. SALE OF 174,312 
                      SHARES TO COVER TAX AND OPTION EXERCISE COSTS AND 186,269 
                      SHARES RETAINED. 
    ---------------  -------------------------------------------------------------------------------------------------- 
c)  Price(s)         OPTION EXERCISEPrice(s)     Volume(s) 
     and volume(s) 
                      GBP 2.1300   360,581 
 
 
 
                      SHARES SOLD TO DISCHARGE TAX AND OPTION EXERCISE COSTS 
                      Price(s)     Volume(s) 
 
                      GBP 4.4216   174,312 
    ---------------  -------------------------------------------------------------------------------------------------- 
d)  Aggregated        Aggregated volume: 360,581 ORDINARY SHARES 
     information       Aggregated price: GBP 768,037.53 
     - Aggregated     OPTION EXERCISE 
     volume -         SHARES SOLD TO DISCHARGE TAX AND OPTION EXERCISE COSTS Aggregated volume: 174,312 ORDINARY SHARES 
     Price             Aggregated price: GBP 770,737.94 
 
                      SHARES RETAINED Aggregated volume: 186,269 ORDINARY SHARES 
    ---------------  -------------------------------------------------------------------------------------------------- 
e)  Date of the      27 November 2019 
     transaction 
    ---------------  -------------------------------------------------------------------------------------------------- 
f)  Place of         OPTION EXERCISE: 
    the transaction   OUTSIDE OF TRADING VENUE 
                      SHARES SOLD TO DISCHARGE TAX AND OPTION EXERCISE COSTS: 
                      LONDON STOCK EXCHANGE (XLON) 
    ---------------  -------------------------------------------------------------------------------------------------- 
 

Alan Rassaby

Company Secretary

Avast Plc.

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November 29, 2019 08:00 ET (13:00 GMT)