Grant of Awards - Employee Share Plans

 

TIDMAVON 
 
RNS Number : 6677I 
Avon Rubber PLC 
16 March 2010 
 

16 March 2010 
                     Grant of Awards - Employee Share Plans 
                        Avon Rubber p.l.c ("the Company") 
   Announcement of transaction in ordinary shares of GBP1 each (the "Shares") 
 
Following approval of the Company's Performance Share Plan 2010 at the annual 
general meeting on 2 March 2010, the Company announces that on 15 March 2010 
joint ownership awards, nil cost options and conditional awards of shares ("PSP 
Awards") were granted under the 2010 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 2009 to 30 
September 2012. 
The number of shares placed under award and the start price against which 
performance of the share price 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 
2009, which was 95.6 pence. This reflects a 17.3% premium over the Company's 
closing share price of 81.5p for the dealing day falling immediately prior to 15 
March. 
 
+----------------------------------------+-------------------------------------+ 
| Name of Director/PDMR                  | Number of PSP Awards                | 
+----------------------------------------+-------------------------------------+ 
| Peter Slabbert                         | 230,126                             | 
+----------------------------------------+-------------------------------------+ 
| Andrew Lewis                           | 112,971                             | 
+----------------------------------------+-------------------------------------+ 
| Miles Ingrey-Counter                   | 56,485                              | 
+----------------------------------------+-------------------------------------+ 
| Matthew Evans                          | 65,900                              | 
+----------------------------------------+-------------------------------------+ 
| Paul McDonald                          | 53,347                              | 
+----------------------------------------+-------------------------------------+ 
| Michael Harral                         | 44,561                              | 
+----------------------------------------+-------------------------------------+ 
| Michael Hamner                         | 53,867                              | 
+----------------------------------------+-------------------------------------+ 
| Gary Dunn                              | 62,813                              | 
+----------------------------------------+-------------------------------------+ 
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 01225 
896850 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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