REG - Avon Protection PLC - Director/PDMR Shareholding

Avon TechnologiesAnnouncement

29/11/2022 14:00

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RNS Number : 9679H  Avon Protection PLC  29 November 2022

29 November 2022

Avon Protection plc ("the Company")

PDMRs' Interest in Shares

Release of 2020 deferred bonus shares

As previously announced to shareholders on 8 December 2020, a portion of the
annual bonus payments due to PDMRs Miles Ingrey-Counter and James Wilcox in
respect of the 2020 financial year were deferred into Company shares, to be
held for two years.

On 25 November 2022, following expiry of the deferral period, 359 deferred
bonus shares were released to Miles Ingrey-Counter and 456 to James Wilcox.

 1           Details of person discharging managerial responsibilities/person closely
             associated
 a)          Name                                    1)    Miles Ingrey-Counter

                                                     2)    James Wilcox
 2           Reason for the notification
 a)          Position / status                       1)    Company Secretary

                                                     2)    Chief Technical 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 the                      Ordinary £1 shares in Avon Protection plc

             financial instrument

             and ISIN Code                           GB0000667013
 b)          Nature of the                           Shares released under the 2020 deferred bonus scheme.  The shares were

                                       purchased on 7 December 2020 for £40.04 and were released following expiry of
             transaction                             the 2020 deferral period on 22 November 2022.
 c)          Price(s) and                            Price(s)       Volume(s)

                                       1)    Nil      1)    359
             volume(s)

                                                     2)    Nil      2)    456

 d)          Aggregated Information

             -  Aggregated volume

             -  Aggregated price                     815

             -  Aggregated total                     Nil

                                                     Nil
 e)          Date of the                             All occurred on 25 November 2022.

             transactions
 f)          Place of the                            Outside of a trading venue.

             transaction

d)

Aggregated Information

-  Aggregated volume

-  Aggregated price

-  Aggregated total

 

 

 

815

Nil

Nil

e)

Date of the

transactions

All occurred on 25 November 2022.

 

f)

Place of the

transaction

Outside of a trading venue.

 

 

 

 2022 deferred bonus arrangements

 

A portion of the annual bonus payments due to the Executive Director Rich
Cashin and certain PDMRs of the Company in respect of the 2022 financial year
were deferred into Company shares on the 25 November 2022. 25% of the annual
bonus for the Executive Director, and 25% of the annual bonus linked to
financial targets (as distinct from personal performance targets) for the
PDMRs, 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 2022 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)    Rich Cashin

                                                     2)    Miles Ingrey-Counter

                                                     3)    James Wilcox

                                                     4)    Steve Genzer
 2           Reason for the notification
 a)          Position / status                       1)    Chief Financial Officer

                                                     2)    Company Secretary

                                                     3)    Chief Technical Officer

                                                     4)    Chief Operating 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 the                      Ordinary £1 shares in Avon Protection plc

             financial instrument

             and ISIN Code                           GB0000667013
 b)          Nature of the                           Acquisition of shares. 25% of the annual bonus payments for Executive

                                       Directors and 25% of the annual bonus payments linked to financial targets (as
             transaction                             distinct from personal performance targets) for the PDMRs, 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)

                                       1)    11.73      1)    1,185
             volume(s)

                                                     2)    11.73      2)    800

                                                     3)    11.73      3)    849

                                                     4)    11.73      4)    1,321

 d)          -      Aggregated volume                N/A

             -      Aggregated price

             -      Aggregated total

 e)          Date of the                             All occurred on 2022-11-25

             transactions
 f)          Place of the                            London Stock Exchange (XLON)

             transaction

d)

-      Aggregated volume

-      Aggregated price

-      Aggregated total

 

 

N/A

e)

Date of the

transactions

All occurred on 2022-11-25

 

f)

Place of the

transaction

London Stock Exchange (XLON)

 

 

LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse
Regulation.

 

 

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