Avon Rubber PLC Director/PDMR Shareholding (5881Y)

TIDMAVON

RNS Number : 5881Y

Avon Rubber PLC

06 December 2017

6 December 2017

Grant of Awards - Employee Share Plans

Avon Rubber p.l.c. ("the Company")

Announcement of transaction in ordinary shares of GBP1 each (the "Shares")

The Company announces that on 6 December 2017 nil cost option awards ('PSP Awards') were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ('PDMRs'), as listed below.

The PSP Awards are subject to performance criteria and the performance period applicable is 1 October 2017 to 30 September 2020.

The number of shares placed under award and the start price against which the Total Shareholder Return performance target will be measured over the 3 year performance period is the average price of the Company's shares over the 5 days following announcement of the Company's annual results for the year ended 30 September 2017, which was GBP11.32. The awards are also subject to an earnings per share performance target. Full details of the PSP scheme are disclosed in the Company's Remuneration Report.

 
 Name of Director/PDMR    Number of PSP Awards 
-----------------------  --------------------- 
     Paul McDonald               26,511 
-----------------------  --------------------- 
      Nick Keveth                20,325 
-----------------------  --------------------- 
  Miles Ingrey-Counter           11,877 
-----------------------  --------------------- 
       Craig Sage                10,251 
-----------------------  --------------------- 
     Leon Klapwijk               11,665 
-----------------------  --------------------- 
 

The information contained in the below notification is disclosed in accordance with the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR).

 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  ----------------------------------------------------------------- 
      a)   Name                            1) Paul McDonald 
                                            2) Nicholas Keveth 
                                            3) Miles Ingrey-Counter 
                                            4) Craig Sage 
                                            5) Leon Klapwijk 
--------  -------------------------  -------------------------------------- 
      2    Reason for the notification 
--------  ----------------------------------------------------------------- 
      a)   Position /                      1) Chief Executive Officer 
            status                          2) Chief Financial Officer 
                                            3) Company Secretary 
                                            4) Divisional Head - Dairy 
                                            5) Divisional Head - Protection 
--------  -------------------------  -------------------------------------- 
      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                Ordinary GBP1 shares in 
            of the                     Avon Rubber p.l.c. 
            financial 
            instrument                 GB0000667013 
            and ISIN Code 
--------  -------------------------  -------------------------------------- 
      b)   Nature of                  Grant of nil cost option 
            the                        awards subject to performance 
            transaction                criteria, measured over 
                                       a three year performance 
                                       period, under the Company's 
                                       Performance Share Plan. 
--------  -------------------------  -------------------------------------- 
      c)   Price(s) and                  Price(s)         Volume(s) 
            volume(s)                  --------------  ---------------- 
                                             1) NIL          1) 26,511 
                                              2) NIL          2) 20,325 
                                              3) NIL          3) 11,877 
                                              4) NIL          4) 10,251 
                                              5) NIL          5) 11,665 
                                       --------------  ---------------- 
--------  -------------------------  -------------------------------------- 
      d)   Aggregated 
            Information 
            1)                          26,511 shares under nil 
             *    Aggregated volume     cost option 
                                        NIL 
                                        NIL 
             *    Aggregated price      20,325 shares under nil 
                                        cost option 
                                        NIL 
             *    Aggregated total      NIL 
                                        11,877 shares under nil 
                                        cost option 
            2)                          NIL 
             *    Aggregated volume     NIL 
                                        10,251 shares under nil 
                                        cost option 
             *    Aggregated price      NIL 
                                        NIL 
                                        11,665 shares under nil 
             *    Aggregated total      cost option 
                                        NIL 
                                        NIL 
            3) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
 
 
            4) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
 
 
            5) 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  -------------------------------------- 
      e)   Date of the                All occurred on 2017-12-06 
            transactions 
--------  -------------------------  -------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  -------------------------------------- 
 

LEI: 213800JM1AN62REBWA71

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

Contact Information:

Avon Rubber p.l.c.

 
 Miles Ingrey-Counter, Company Secretary      01225 896850 
 
 Weber Shandwick Financial 
 
 Nick Oborne/Tom Jenkins                       020 7067 0700 
 
 
 
 

Note to editors:

Avon Rubber p.l.c. is an innovative technology group, specialising in respiratory protection systems and milking point solutions through our two businesses Avon Protection and milkrite | InterPuls. Avon Rubber p.l.c. design, test and manufacture specialist products and services to maximise the performance and capabilities of our customers.

Avon Protection is the recognised global leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems for the world's Military, Law Enforcement and Fire services.

milkrite | InterPuls is a global leader providing complete milking point solutions to customers across the world with the aim of improving every farm it touches.

For further information, please visit the Group's website: www.avon-rubber.com

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2017 09:14 ET (14:14 GMT)