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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 10,426 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 (8604G)

19/03/2020 4:15pm

UK Regulatory


Avon Protection (LSE:AVON)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Avon Protection Charts.

TIDMAVON

RNS Number : 8604G

Avon Rubber PLC

19 March 2020

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE PLAN

AVON RUBBER P.L.C.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 17 March 2020 the following awards over ordinary shares of GBP1 each in Avon Rubber p.l.c. were granted under the Avon Rubber p.l.c. Long Term Incentive Plan to the following person(s) discharging managerial responsibilities:

 
 PDMR                    No. of shares under Award 
 Paul McDonald           31,734 
                        -------------------------- 
 Nick Keveth             22,059 
                        -------------------------- 
 Miles Ingrey-Counter    9,832 
                        -------------------------- 
 Craig Sage              8,737 
                        -------------------------- 
 James Wilcox            10,616 
                        -------------------------- 
 David Mack              9,840 
                        -------------------------- 
 Terry Griffith          6,867 
                        -------------------------- 
 

The awards were granted as a nil cost option for the four UK resident PDMRs and conditional awards for James Wilcox, David Mack and Terry Griffith who are resident in the US. The nil cost option awards will ordinarily become exercisable and the conditional awards will ordinarily vest on 1 December 2022, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.

Each award is subject to two performance conditions (each applicable to a distinct 50% of an award) measured over a period of three financial years, starting with the 2020 financial year. The first performance condition compares the Company's total shareholder return to the total shareholder return of a comparator group of companies consisting of the FTSE All-Share Index. The second performance condition measures compound average annual growth in the Company's earnings per share over the period of three financial years, starting with the 2020 financial year.

Fuller details of the performance condition applicable to the awards shall are set out in the Company's Directors' Remuneration Report for the year ending 30 September 2019.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Paul McDonald 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nil cost option award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         31,734 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Nick Keveth 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nil cost option award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         22,059 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Miles Ingrey-Counter 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Company Secretary 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nil cost option award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         9,832 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Craig Sage 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Divisional Head - Dairy 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nil cost option award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         8,737 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             James Wilcox 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Divisional Head - Military 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         10,616 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             David Mack 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Divisional Head- First Responder 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         9,840 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Terry Griffith 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Divisional Head - Helmets & Armor 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 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 the financial     Ordinary Shares of GBP1 each in Avon 
       instrument, type of              Rubber p.l.c. 
       instrument 
                                        GB0000667013 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional award under 
                                        the Avon Rubber p.l.c. Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         6,867 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          17 March 2020 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 

Enquiries:

Avon Rubber p.l.c.

   Miles Ingrey-Counter, Company Secretary                                           01225 896 850 

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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(END) Dow Jones Newswires

March 19, 2020 12:15 ET (16:15 GMT)

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