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AVON Avon Protection Plc

1,180.00
12.00 (1.03%)
26 Apr 2024 - Closed
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
  12.00 1.03% 1,180.00 1,176.00 1,188.00 1,210.00 1,170.00 1,170.00 52,070 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts 280.5M -14.4M -0.4642 -25.33 364.83M

Avon Rubber PLC Director/PDMR Shareholding (1659V)

29/11/2019 12:00pm

UK Regulatory


Avon Protection (LSE:AVON)
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TIDMAVON

RNS Number : 1659V

Avon Rubber PLC

29 November 2019

29 November 2019

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

Directors' and PDMRs' Interest in Shares

Release of 2017 deferred bonus shares

As previously announced to shareholders on 24 November 2017, a portion of the annual bonus payments due to Chief Executive Officer Paul McDonald, Chief Financial Officer Nick Keveth, PDMR Miles Ingrey-Counter and PDMR Craig Sage, in respect of the 2017 financial year were deferred into Company shares, to be held for two years.

On 26 November 2019, following expiry of the deferral period, 1,443 deferred bonus shares were released to Paul McDonald, 364 to Nick Keveth, 1,063 to Miles Ingrey-Counter and 367 to Craig Sage. Paul McDonald and Miles Ingrey-Counter sold these shares at a price of 2002.5 pence per share on 26 November 2019. 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 2017 deferred 
                                       bonus shares purchased on 23 November 
                                       2017 were released to and were sold 
                                       by Paul McDonald. 
          -------------------------  ---------------------------------------- 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                    GBP20.025     1,443 
          -------------------------  ---------------------------------------- 
      d)   Aggregated Information      N/A 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ---------------------------------------- 
      e)   Date of the                2019-11-26 
            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 2017 deferred 
                                       bonus shares purchased on 23 November 
                                       2017 were released to and were sold 
                                       by Miles Ingrey-Counter. 
          -------------------------  ---------------------------------------- 
      c)   Price(s) and                                Price(s)    Volume(s) 
            volume(s)                                   GBP20.025     1,063 
          -------------------------  ---------------------------------------- 
      d)   Aggregated Information      N/A 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ---------------------------------------- 
      e)   Date of the                2019-11-26 
            transaction 
          -------------------------  ---------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
          -------------------------  ---------------------------------------- 
 

2019 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 2019 financial year were deferred into Company shares on 27 November 2019. 25% of the annual bonus for the Executive Directors, and 25% of the annual bonus linked to financial targets (as distinct from personal performance targets) for the PDMRs, was subject 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 2019 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) Craig Sage 
                                            5) James Wilcox 
                                            6) David Mack 
          -------------------------  ----------------------------------------------- 
      2    Reason for the notification 
          -------------------------------------------------------------------------- 
      a)   Position / status               1) Chief Executive Officer 
                                            2) Chief Financial Officer 
                                            3) Company Secretary 
                                            4) Managing Director, milkrite|InterPuls 
                                            5) President, Military 
                                            6) President, Law Enforcement and Fire 
          -------------------------  ----------------------------------------------- 
      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. 25% the annual 
            transaction                bonus payments for Executive Directors 
                                       and 25% of the annual bonus payments 
                                       linked to financial targets (as distinct 
                                       from personal performance targets) 
                                       for the PDMRs, 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) GBP20.077          1) 1,400 
                                             2) GBP20.077          2) 970 
                                             3) GBP20.077          3) 465 
                                             4) GBP20.077          4) 413 
                                             5) GBP20.077          5) 622 
                                             6) GBP20.077          6) 240 
                                                            -------------- 
          -------------------------  ----------------------------------------------- 
      d)                              N/A 
             *    Aggregated total 
 
 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ----------------------------------------------- 
      e)   Date of the                All occurred on 2019-11-27 
            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

DSHUKAARKOAAUAA

(END) Dow Jones Newswires

November 29, 2019 07:00 ET (12:00 GMT)

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