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AVON Avon Protection Plc

1,182.00
10.00 (0.85%)
Last Updated: 16:15:35
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
  10.00 0.85% 1,182.00 1,180.00 1,186.00 1,184.00 1,148.00 1,156.00 50,765 16:15:35
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 (9010L)

15/01/2021 2:00pm

UK Regulatory


Avon Protection (LSE:AVON)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMAVON

RNS Number : 9010L

Avon Rubber PLC

15 January 2021

15 January 2021

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

Directors' and PDMRs' Interest in Shares

As previously disclosed, awards were granted under the Company's Performance Share Plan to Executive Directors, persons discharging managerial responsibilities ('PDMRs') and other employees (together 'Participants') on 6 December 2017 ('the 2017 Awards').

The 2017 Awards were granted as nil cost option awards to UK participants and conditional awards to US participants. All awards were subject to performance conditions based on the Company's Total Shareholder Return ('TSR') and Earnings Per Share ('EPS'), to be measured over a 3 year performance period which commenced on 1 October 2017 and ended on 30 September 2020. The start and end point of the Company's TSR performance by reference to the comparator group was measured over the 5 days following the announcement of the Company's annual results for the year ended 30 September 2017 and the year ended 30 September 2020. The Company's EPS performance was measured by reference to the EPS in the 2017 and 2020 year end results.

The Remuneration Committee confirmed on 12 January 2021 that 100% of the 2017 Awards would vest. Messrs McDonald, Keveth and Ingrey-Counter exercised their options on the vesting date.

The table below shows the number of related shares acquired by Executive Directors and PDMRs, the number of shares sold to satisfy the tax and national insurance/social security liabilities, any additional shares sold; and the number of shares retained following the sales.

 
                         Number       Number of shares        Additional     Number of 
                          of shares    sold to satisfy         shares sold    shares retained 
                          acquired     tax and national                       post sale 
                          for nil      insurance/social 
                          cost         security liabilities 
 Paul McDonald           26,511       12,461                  0              14,050 
                        -----------  ----------------------  -------------  ----------------- 
 Nicholas Keveth         20,325       9,553                   5,000          5,772 
                        -----------  ----------------------  -------------  ----------------- 
 Miles Ingrey-Counter    11,877       5,583                   3,147          3,147 
                        -----------  ----------------------  -------------  ----------------- 
 James Wilcox            13,447       5,133                   4,000          4,314 
                        -----------  ----------------------  -------------  ----------------- 
 

The following notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulation.

 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                              1) Paul McDonald 
                                              2) Nicholas Keveth 
                                              3) Miles Ingrey-Counter 
                                              4) James Wilcox 
          ---------------------------  -------------------------------------- 
      2    Reason for the notification 
          ------------------------------------------------------------------- 
      a)   Position / status                 1) Chief Executive Officer 
                                              2) Chief Financial Officer 
                                              3) Company Secretary 
                                              4) President - 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                Shares acquired on the exercise 
            transaction                  of nil cost options and conditional 
                                         awards pursuant to the vesting of 
                                         2017 Awards made under the Avon 
                                         Rubber p.l.c. Performance Share 
                                         Plan 2010 
          ---------------------------  -------------------------------------- 
      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) 13,447 
                                                         ---------------- 
          ---------------------------  -------------------------------------- 
      d)   Aggregated Information 
             *    Aggregated volume                  72,160 
                                                     Nil 
                                                     Nil 
             *    Aggregated price 
 
 
             *    Aggregated total 
          ---------------------------  -------------------------------------- 
      e)   Date of the                  All occurred on 2021-01-12 
            transactions 
          ---------------------------  -------------------------------------- 
      f)   Place of the                 Outside of a trading venue. 
            transaction 
          ---------------------------  -------------------------------------- 
 
 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                            1) Nicholas Keveth 
                                            2) Miles Ingrey-Counter 
                                            3) James Wilcox 
          -------------------------  ------------------------------------------- 
      2    Reason for the notification 
          ---------------------------------------------------------------------- 
      a)   Position / status               1) Chief Financial Officer 
                                            2) Company Secretary 
                                            3) President - 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              Disposal of shares 
            transaction 
          -------------------------  ------------------------------------------- 
      c)   Price(s) and                       Price(s)             Volume(s) 
            volume(s)                        1) GBP 35.017271          1) 5,000 
                                              2) GBP 35.017271          2) 3,147 
                                              3) GBP 35.017271          3) 4,000 
                                                                 --------------- 
          -------------------------  ------------------------------------------- 
      d)   Aggregated Information                 12,147 
             *    Aggregated volume                GBP 35.017271 
                                                   GBP 425,354.79 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ------------------------------------------- 
      e)   Date of the                All occurred on 2021-01-13 
            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 
 

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END

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January 15, 2021 09:00 ET (14:00 GMT)

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