Avon Rubber PLC Director/PDMR Shareholding (9762E)

TIDMAVON

RNS Number : 9762E

Avon Rubber PLC

12 July 2021

12 July 2021

Avon Rubber p.l.c.

('the Company')

PDMR Shareholdings

Employee Stock Purchase Plan

The Company was notified on 12 July 2021 that the below purchase of Avon Rubber p.l.c. ordinary shares were made by Killik & Co Trustee Ltd on 9 July 2021 on behalf of James Wilcox, a PDMR under the Avon Rubber Employee Stock Purchase Plan (ESPP).

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

Section 85(1) of the Financial Services and Markets Act 2000 ( FSMA 2000 ) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than EUR5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and the requirements of the EU Market Abuse Regulation.

The information contained in the below notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                       James Wilcox 
          -------------------------  ----------------------------------------- 
      2    Reason for the notification 
          -------------------------------------------------------------------- 
      a)   Position / status          Divisional Head - Military 
          -------------------------  ----------------------------------------- 
      b)   Initial notification       Initial notification 
            / 
            amendment 
          -------------------------  ----------------------------------------- 
      3    Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
          -------------------------------------------------------------------- 
      a)   Name                       Avon Rubber p.l.c. 
          -------------------------  ----------------------------------------- 
      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             Ordinary GBP1 shares in Avon Rubber 
            the                        p.l.c. 
            financial instrument 
            and ISIN Code              GB0000667013 
          -------------------------  ----------------------------------------- 
      b)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's Employee Stock Purchase 
                                       Plan. Transaction by PDMR under article 
                                       19 of the Market Abuse Regulation. 
          -------------------------  ----------------------------------------- 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                   GBP 25.64       9 8 
                                                    ---------- 
          -------------------------  ----------------------------------------- 
      d)   Aggregated Information 
             *    Aggregated volume     98 
                                        GBP 25.64 
                                        GBP 2,512.72 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ----------------------------------------- 
      e)   Date of the                2021-07-09 
            transaction 
          -------------------------  ----------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
          -------------------------  ----------------------------------------- 
 

LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

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

DSHUUAVRAOUBAAR

(END) Dow Jones Newswires

July 12, 2021 12:00 ET (16:00 GMT)