REG - Avon Protection PLC - Director/PDMR Shareholding

Avon TechnologiesAnnouncement

14/07/2023 12:00

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RNS Number : 1017G  Avon Protection PLC  14 July 2023

 

 

Avon Protection plc

14 July 2023

 

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 14 July 2023 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 to the following persons discharging managerial responsibilities, as set
out below:

 PDMR           Position                                                        Country of residence  No. of shares under Award
 Steve Elwell   President Respiratory Protection                                UK                    10,329
 Paul Hamilton  President of Operational Excellence and Continuous Improvement  US                    11,183

The awards were granted as a nil cost option for the UK resident PDMR and a
conditional award for the US resident PDMR.  The nil cost option award will
ordinarily become exercisable and the conditional award will ordinarily vest
on 21 December 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 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                                                         Steve Elwell
 2   Reason for Notification
 a)  Position/status                                              President Respiratory Protection
 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       10,329
 d)  Aggregated information                                       Not applicable - single transaction

     -       Aggregated volume

     -       Price
 e)  Date of the transaction                                      14 July 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 July 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Paul Hamilton
 2   Reason for Notification
 a)  Position/status                                              President of Operational Excellence and Continuous Improvement
 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 conditional under the Avon Rubber p.l.c. Long Term Incentive Plan.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       11,183
 d)  Aggregated information                                       Not applicable - single transaction

     -       Aggregated volume

     -       Price
 e)  Date of the transaction                                      14 July 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-       Aggregated volume

-       Price

Not applicable - single transaction

e)

Date of the transaction

14 July 2023

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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