Avon Rubber PLC Directors'/PDMR Shareholdings (2383B)

TIDMAVON

RNS Number : 2383B

Avon Rubber PLC

06 October 2020

6 October 2020

Avon Rubber p.l.c.

('the Company')

Directors'/PDMR Shareholdings

Share Incentive Plan

The Company was notified on 5 October 2020 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 October 2020 on behalf of three of the Company's persons discharging managerial responsibilities ('PDMR') 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 Article 19 of the EU Market Abuse Regulation.

 
      1    Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                       Nicholas Keveth 
          -------------------------  ----------------------------------------------- 
      2    Reason for the notification 
          -------------------------------------------------------------------------- 
      a)   Position / status          Chief Financial 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 
            and ISIN Code              GB0000667013 
          -------------------------  ----------------------------------------------- 
      b)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive plan. Transaction 
                                       by PDMR under article 19 of the Market 
                                       Abuse Regulation. 
          -------------------------  ----------------------------------------------- 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                   GBP 44.50        3 
                                                    ---------- 
          -------------------------  ----------------------------------------------- 
      d)   Aggregated Information 
             *    Aggregated volume     3 
                                        GBP 44.50 
                                        GBP 133.50 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ----------------------------------------------- 
      e)   Date of the                2020-10-05 
            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 
            and ISIN Code              GB0000667013 
          -------------------------  ----------------------------------------------- 
      b)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive plan. Transaction 
                                       by PDMR under article 19 of the Market 
                                       Abuse Regulation. 
          -------------------------  ----------------------------------------------- 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                   GBP 44.50        3 
                                                    ---------- 
          -------------------------  ----------------------------------------------- 
      d)   Aggregated Information 
             *    Aggregated volume     3 
                                        GBP 44.50 
                                        GBP 133.50 
             *    Aggregated price 
 
 
             *    Aggregated total 
          -------------------------  ----------------------------------------------- 
      e)   Date of the                2020-10-05 
            transaction 
          -------------------------  ----------------------------------------------- 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
          -------------------------  ----------------------------------------------- 
 

LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

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(END) Dow Jones Newswires

October 06, 2020 06:00 ET (10:00 GMT)