Avon Rubber PLC Employee Share Plans (8357S)

TIDMAVON

RNS Number : 8357S

Avon Rubber PLC

05 December 2012

5 December 2012

Grant of Awards - Employee Share Plans

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

Announcement of transaction in ordinary shares of GBP1 each (the "Shares")

The Company announces that on 4 December 2012 joint ownership awards, nil cost options and conditional awards of shares ('PSP Awards') were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ('PDMRs'), as listed below.

The performance period applicable to the PSP Awards is 1 October 2012 to 30 September 2015.

The number of shares placed under award and the start price against which the Total Shareholder Return performance target will be measured over the 3 year performance period is the average price of the Company's shares over the 5 days following announcement of the Company's annual results for the year ended 30 September 2012, which was 341 pence. The awards are also subject to an earnings per share performance target.

 
 Name of Director/PDMR    Number of PSP Awards 
-----------------------  --------------------- 
     Peter Slabbert              82,063 
-----------------------  --------------------- 
      Andrew Lewis               46,893 
-----------------------  --------------------- 
  Miles Ingrey-Counter           20,222 
-----------------------  --------------------- 
       John Kime                 25,698 
-----------------------  --------------------- 
     Paul McDonald               21,101 
-----------------------  --------------------- 
 

The transaction took place at Hampton Park West, Semington Road, Melksham, Wiltshire, SN12 6NB.

This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.

Contact Information: Miles Ingrey-Counter, Company Secretary, on telephone [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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