REG - Avon Protection PLC - Director/PDMR Shareholding

Avon TechnologiesAnnouncement

09/03/2022 07:00

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RNS Number : 1017E  Avon Protection PLC  09 March 2022

 

 

Avon Protection plc

9 March 2022

 

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE LTIP

AVON PROTECTION PLC

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations.

On 8 March 2022 an award over ordinary shares of £1 each in Avon
Protection plc was granted under the Avon Rubber p.l.c. Long Term Incentive
Plan ('LTIP') to the Chief Financial Officer Designate as set out below:

 PDMR         Position                           Country of residence  No. of shares under Award
 Rich Cashin  Chief Financial Officer Designate  UK                    32,686

The award was granted as a nil cost option and will ordinarily become
exercisable on 8 March 2025, subject to the grantee's continued service and
the Remuneration Committee's assessment of the extent to which the performance
conditions applicable to the awards are satisfied.  The award is subject to
the same performance conditions that apply to the awards made to PDMRs on 1
February 2022.

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Rich Cashin
 2   Reason for Notification
 a)  Position/status                                              Chief Financial Officer Designate
 b)  Initial notification/Amendment                               Initial Announcement
 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 the financial instrument, type of instrument  Ordinary Shares of £1 each in Avon Protection plc

     Identification code                                          GB0000667013
 b)  Nature of the transaction                                    Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term
                                                                  Incentive Plan.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       32,686

 
 d)  Aggregated information                                       Not applicable - single transaction

     -       Aggregated volume

     -       Price
 e)  Date of the transaction                                      8 March 2022
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

8 March 2022

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

 

Avon Protection plc

Miles Ingrey-Counter, Company
Secretary
01225 896 850

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