Avon Rubber PLC Directors'/PDMR Shareholdings - SIP (3478K)

TIDMAVON

RNS Number : 3478K

Avon Rubber PLC

06 July 2017

Avon Rubber p.l.c.

6 July 2017

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 06 July 2017 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 05 July 2017 on behalf of three of the Company's persons discharging managerial responsibilities pursuant to the Company's Share Incentive Plan (SIP).

The SIP is an all-employee share plan arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company using deductions from salary in each monthly pay period.

Section 85(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than EUR5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and the requirements of the EU Market Abuse Regulation.

The information contained in the below notifications are disclosed in accordance with the EU Market Abuse Regulation.

 
      1.    Details of PDMR 
---------  --------------------------------------------------------------- 
      a)    Name                    Nicholas Keveth 
---------  ----------------------  --------------------------------------- 
      b)    Position                Finance Director 
             / status 
---------  ----------------------  --------------------------------------- 
      c)    Initial                 Initial notification 
             notification 
             / 
             amendment 
---------  ----------------------  --------------------------------------- 
      2.    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 Avon 
             of the                  Rubber p.l.c. 
             financial               GB0000667013 
             instrument 
             and ISIN 
             Code 
---------  ----------------------  --------------------------------------- 
      b)    Nature of               Acquisition of shares in accordance 
             the                     with Avon's share incentive plan. 
             transaction 
---------  ----------------------  --------------------------------------- 
      c)    Price(s)                Price(s)             Volume(s) 
             and 
             volume(s) 
---------  ----------------------  -------------------  ------------------ 
   GBP 10.42                                             14 
  ----------------------------------------------------  ------------------ 
      d)    Aggregated              GBP 145.88 
             information 
             Aggregated 
             volume 
             Price 
---------  ----------------------  --------------------------------------- 
      e)    Date of                 2017-07-05 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
      f)    Place of                London Stock Exchange 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
 
 
      1.    Details of PDMR 
---------  --------------------------------------------------------------- 
      d)    Name                    Miles Ingrey-Counter 
---------  ----------------------  --------------------------------------- 
      e)    Position                Company Secretary 
             / status 
---------  ----------------------  --------------------------------------- 
      f)    Initial                 Initial notification 
             notification 
             / 
             amendment 
---------  ----------------------  --------------------------------------- 
      2.    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 
---------  --------------------------------------------------------------- 
      g)    Description             Ordinary GBP1 shares in Avon 
             of the                  Rubber p.l.c. 
             financial               GB0000667013 
             instrument 
             and ISIN 
             Code 
---------  ----------------------  --------------------------------------- 
      h)    Nature of               Acquisition of shares in accordance 
             the                     with Avon's share incentive plan. 
             transaction 
---------  ----------------------  --------------------------------------- 
      i)    Price(s)                Price(s)             Volume(s) 
             and 
             volume(s) 
---------  ----------------------  -------------------  ------------------ 
   GBP 10.42                                             14 
  ----------------------------------------------------  ------------------ 
      j)    Aggregated              GBP 145.88 
             information 
             Aggregated 
             volume 
             Price 
---------  ----------------------  --------------------------------------- 
      k)    Date of                 2017-07-05 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
      l)    Place of                London Stock Exchange 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
 
 
      1.    Details of PDMR 
---------  --------------------------------------------------------------- 
      g)    Name                    Craig Sage 
---------  ----------------------  --------------------------------------- 
      h)    Position                Divisional Head - Dairy 
             / status 
---------  ----------------------  --------------------------------------- 
      i)    Initial                 Initial notification 
             notification 
             / 
             amendment 
---------  ----------------------  --------------------------------------- 
      2.    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 
---------  --------------------------------------------------------------- 
      m)    Description             Ordinary GBP1 shares in Avon 
             of the                  Rubber p.l.c. 
             financial               GB0000667013 
             instrument 
             and ISIN 
             Code 
---------  ----------------------  --------------------------------------- 
      n)    Nature of               Acquisition of shares in accordance 
             the                     with Avon's share incentive plan. 
             transaction 
---------  ----------------------  --------------------------------------- 
      o)    Price(s)                Price(s)             Volume(s) 
             and 
             volume(s) 
---------  ----------------------  -------------------  ------------------ 
   GBP 10.42                                             14 
  ----------------------------------------------------  ------------------ 
      p)    Aggregated              GBP 145.88 
             information 
             Aggregated 
             volume 
             Price 
---------  ----------------------  --------------------------------------- 
      q)    Date of                 2017-07-05 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
      r)    Place of                London Stock Exchange 
             the 
             transaction 
---------  ----------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 08:18 ET (12:18 GMT)