Avon Protection PLC PDMRs' Interest in Shares (8263W)

TIDMAVON

RNS Number : 8263W

Avon Protection PLC

14 December 2023

14 December 2023

Avon Protection plc ("the Company")

PDMRs' Interest in Shares

2023 deferred bonus arrangements

A portion of the annual bonus payments due to Executive Directors Jos Sclater and Rich Cashin in respect of the 2023 financial year were deferred into Company shares on the 12 December 2023. 25% of the annual bonus 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 2023 deferred bonus shares held by the Executive Director and each PDMR following this transaction.

 
 1         Details of person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                                1) Jos Sclater 
                                                2) Rich Cashin 
          ------------------------------  ---------------------------------------------------- 
 2         Reason for the notification 
          ------------------------------------------------------------------------------------ 
      a)   Position / status                   1) Chief Executive Officer 
                                                2) 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 Protection plc 
          ------------------------------  ---------------------------------------------------- 
      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 Protection 
            the                             plc 
            financial instrument 
            and ISIN Code                   GB0000667013 
          ------------------------------  ---------------------------------------------------- 
      b)   Nature of the                   Acquisition of shares. 25% of the annual 
            transaction                     bonus payments for Executive Directors 
                                            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) GBP 7.917822          1) 1,553 
                                                   2) GBP 7.917822          2) 1,490 
                                                                     --------------- 
          ------------------------------  ---------------------------------------------------- 
      d)                                   N/A 
                  *    Aggregated volume 
 
 
                  *    Aggregated price 
 
 
                  *    Aggregated total 
          ------------------------------  ---------------------------------------------------- 
      e)   Date of the                     All occurred on 2023-12-12 
            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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFIFLAFLLSLIV

(END) Dow Jones Newswires

December 14, 2023 05:00 ET (10:00 GMT)