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AVON Avon Protection Plc

1,200.00
2.00 (0.17%)
Last Updated: 10:35:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avon Protection Plc LSE:AVON London Ordinary Share GB0000667013 ORD #1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.17% 1,200.00 1,196.00 1,204.00 1,212.00 1,196.00 1,202.00 6,730 10:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts 280.5M -14.4M -0.4642 -25.85 372.28M

Avon Rubber PLC Director/PDMR Shareholding (4237J)

04/12/2018 3:00pm

UK Regulatory


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TIDMAVON

RNS Number : 4237J

Avon Rubber PLC

04 December 2018

4 December 2018

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

Directors' and PDMRs' Interest in Shares

Release of 2016 deferred bonus shares

As previously announced to shareholders on 17 November 2016, a portion of the annual bonus payments due to PDMR and now Chief Executive Officer, Paul McDonald and PDMR, Miles Ingrey-Counter, in respect of the 2016 financial year were deferred into Company shares, to be held for two years.

On 29 November 2018, following expiry of the deferral period, 392 deferred bonus shares were released to Paul McDonald and 365 to Miles Ingrey-Counter. Both sold these shares at a price of 1292.5 pence per share on 29 November 2018. Deferred bonus shares are not subject to the Company's shareholding guidelines.

 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                       Paul McDonald 
          -------------------------  ---------------------------------------- 
      2    Reason for the notification 
          ------------------------------------------------------------------- 
      a)   Position / status          Chief Executive Officer 
          -------------------------  ---------------------------------------- 
      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       GB0000667013 
            and ISIN Code 
          -------------------------  ---------------------------------------- 
      b)   Nature of the              Sale of shares. Following expiry of 
            transaction                the deferral period, the 2016 deferred 
                                       bonus shares purchased on 16 November 
                                       2016 were released to and were sold 
                                       by Paul McDonald. 
          -------------------------  ---------------------------------------- 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                    GBP12.925      392 
          -------------------------  ---------------------------------------- 
      d)   Aggregated Information      N/A 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ---------------------------------------- 
      e)   Date of the                2018-11-29 
            transaction 
          -------------------------  ---------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
          -------------------------  ---------------------------------------- 
 
 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                       Miles Ingrey-Counter 
          -------------------------  ---------------------------------------- 
      2    Reason for the notification 
          ------------------------------------------------------------------- 
      a)   Position / status          Company Secretary 
          -------------------------  ---------------------------------------- 
      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       GB0000667013 
            and ISIN Code 
          -------------------------  ---------------------------------------- 
      b)   Nature of the              Sale of shares. Following expiry of 
            transaction                the deferral period, the 2016 deferred 
                                       bonus shares purchased on 16 November 
                                       2016 were released to and were sold 
                                       by Miles Ingrey-Counter. 
          -------------------------  ---------------------------------------- 
      c)   Price(s) and                                Price(s)    Volume(s) 
            volume(s)                                   GBP12.925      365 
          -------------------------  ---------------------------------------- 
      d)   Aggregated Information      N/A 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ---------------------------------------- 
      e)   Date of the                2018-11-29 
            transaction 
          -------------------------  ---------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
          -------------------------  ---------------------------------------- 
 

2018 deferred bonus arrangements

A portion of the annual bonus payments due to the Executive Directors, Paul McDonald and Nick Keveth and certain PDMRs of the Company in respect of the 2018 financial year were deferred into Company shares on 29 November 2018. 25% of the annual bonus linked to financial targets, as distinct from personal performance targets, was subjected to tax and national insurance/social security and the net amount was used to purchase Company shares. The shares are to be held for two years and are not subject to the Company's shareholding guidelines.

The table below sets out the number of 2018 deferred bonus shares held by the Executive Directors and each PDMR following this transaction.

 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                            1) Paul McDonald 
                                            2) Nicholas Keveth 
                                            3) Miles Ingrey-Counter 
                                            4) Leon Klapwijk 
                                            5) Craig Sage 
                                            6) James Wilcox 
          -------------------------  ---------------------------------------------------- 
      2    Reason for the notification 
          ------------------------------------------------------------------------------- 
      a)   Position / status               1) Chief Executive Officer 
                                            2) Chief Financial Officer 
                                            3) Company Secretary 
                                            4) Divisional Head - Protection 
                                            5) Divisional Head - Dairy 
                                            6) 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       GB0000667013 
            and ISIN Code 
          -------------------------  ---------------------------------------------------- 
      b)   Nature of the              Acquisition of shares. A portion of 
            transaction                the annual bonus payments in respect 
                                       of the 2017/18 financial year were 
                                       deferred into Company shares on 29 
                                       November 2018. 25% of the annual bonus 
                                       linked to financial targets, as distinct 
                                       from personal performance targets, 
                                       was subjected to tax and national insurance/social 
                                       security and the net amount was used 
                                       to purchase Company shares. The shares 
                                       are to be held for two years and are 
                                       not subject to the Company's shareholding 
                                       guidelines. 
          -------------------------  ---------------------------------------------------- 
      c)   Price(s) and                     Price(s)           Volume(s) 
            volume(s)                        1) GBP12.898          1) 1,788 
                                              2) GBP12.898          2) 1,309 
                                              3) GBP12.898          3) 942 
                                              4) GBP12.898          4) 978 
                                              5) GBP12.898          5) 866 
                                              6) GBP12.898          6) 669 
                                                             --------------- 
          -------------------------  ---------------------------------------------------- 
      d)                              N/A 
             *    Aggregated total 
 
 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ---------------------------------------------------- 
      e)   Date of the                All occurred on 2018-11-29 
            transactions 
          -------------------------  ---------------------------------------------------- 
      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 rns@lseg.com or visit www.rns.com.

END

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December 04, 2018 10:00 ET (15:00 GMT)

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