Avast PLC Director/PDMR Shareholding (2047J)

TIDMAVST

RNS Number : 2047J

Avast PLC

08 April 2020

This announcement amends and replaces the announcement of 'Director/PDMR Shareholding' made by the Company on 26 March 2020 at 14:41GMT, issued under RNS number 7532H. The numbers of granted performance stock units disclosed in the previous announcement were incorrect as they reflected provisional figures which had not been adjusted for final applicable share closing price and currency exchange rates as of the grant date. All other details remain unchanged. The full amended text is shown below.

Avast Plc

(the "Company")

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

8 April 2020

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           669,365 
                   -----------------  ---------------- 
                    Chief Financial 
 Philip Marshall     Officer           516,367 
                   -----------------  ---------------- 
 

The PSUs will vest on (i) 26 February 2023, or following issuance of 2022 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  AMENDMENT 
      /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 
      the transaction       UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO 
                            ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 
                            26 FEBRUARY 2023 OR II) FOLLOWING ISSUANCE OF 2022 AUDITED 
                            FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; SUBJECT 
                            TO THE BOARD DETERMINING THAT THE PERFORMANCE CONDITIONS 
                            (AND ANY OTHER CONDITION IMPOSED ON THE VESTING OF THE 
                            AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH THE RULES. 
     --------------------  ----------------------------------------------------------- 
c)   Price(s)               Award Type   Price(s)   Volume(s) 
      and volume(s) 
                             PSU          GBP 0.00   669,365 
     --------------------  ----------------------------------------------------------- 
d)   Aggregated             Aggregated volume: 669,365 
      information            Aggregated price: GBP 0 
      - Aggregated 
      volume - 
      Price 
     --------------------  ----------------------------------------------------------- 
e)   Date of the           26 February 2020 
      transaction 
     --------------------  ----------------------------------------------------------- 
f)   Place of              OUTSIDE A TRADING VENUE 
      the transaction 
     --------------------  ----------------------------------------------------------- 
 
 
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  AMENDMENT 
      /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 
      the transaction       UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO 
                            ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 
                            26 FEBRUARY 2023, OR II) FOLLOWING ISSUANCE OF 2022 
                            AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; 
                            SUBJECT TO THE BOARD DETERMININGTHAT THE PERFORMANCE 
                            CONDITIONS (AND ANY OTHER CONDITION IMPOSED ON THE VESTING 
                            OF THE AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH 
                            THE RULES. 
     --------------------  ----------------------------------------------------------- 
c)   Price(s)               Award Type   Price(s)   Volume(s) 
      and volume(s) 
                             PSU          GBP 0.00   516,367 
     --------------------  ----------------------------------------------------------- 
d)   Aggregated             Aggregated volume: 516,367 
      information            Aggregated price: GBP 0 
      - Aggregated 
      volume - 
      Price 
     --------------------  ----------------------------------------------------------- 
e)   Date of the           26 February 2020 
      transaction 
     --------------------  ----------------------------------------------------------- 
f)   Place of              OUTSIDE A TRADING VENUE 
      the transaction 
     --------------------  ----------------------------------------------------------- 
 

Alan Rassaby

Company Secretary

Avast Plc.

LEI Number: 213800IR8G8LC2H4BO27

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April 08, 2020 04:10 ET (08:10 GMT)