Avon Rubber PLC Director/PDMR Shareholding (3993Z)

TIDMAVON

RNS Number : 3993Z

Avon Rubber PLC

06 March 2013

Avon Rubber p.l.c

6 March 2013

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 5 March 2013 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Killik & Co Trustees Limited on 5 March 2013 on behalf of the Company's executive directors and 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.

 
                    Number            Percentage       Price        Beneficial           Percentage 
                     of Partnership    of issued        Per Share    Interest in          of issued share 
                     Shares            share capital                 shares following     capital 
                     acquired          acquired                      this notification 
                     under the 
                     SIP 
-----------------  ----------------  ---------------  -----------  -------------------  ----------------- 
 Executive Directors 
--------------------------------------------------------------------------------------------------------- 
 Peter 
  Slabbert                30              0.0001        GBP4.08          166,948              0.543 
-----------------  ----------------  ---------------  -----------  -------------------  ----------------- 
 Andrew 
  Lewis                   30              0.0001        GBP4.08          100,328              0.327 
-----------------  ----------------  ---------------  -----------  -------------------  ----------------- 
 PDMRs 
--------------------------------------------------------------------------------------------------------- 
 Miles 
  Ingrey-Counter          30              0.0001        GBP4.08           35,244              0.115 
-----------------  ----------------  ---------------  -----------  -------------------  ----------------- 
 

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 Disclosure and Transparency Rule 3.1.2.

This information is provided by RNS

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