REG - Avon Rubber PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">AVON.L</Origin>

Avon TechnologiesAnnouncement

09/12/2016 10:45

RNS Number : 4543R
Avon Rubber PLC
09 December 2016
9 December 2016
Grant of Awards - Employee Share Plans
Avon Rubber p.l.c. ("the Company")
Announcement of transaction in ordinary shares of 1 each (the "Shares")
The Company announces that on 8 December 2016 conditional awards over 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 PSP Awards are subject to performance criteria and the performance period applicable is 1 October 2016 to 30 September 2019.
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 2015, which was 1053.4 pence. The awards are also subject to an earnings per share performance target. Full details of the PSP scheme are disclosed in the Company's Remuneration Report. 
Name of Director/PDMR
Number of PSP Awards
Rob Rennie
31,327
Miles Ingrey-Counter
12,759
Paul McDonald
14,809
The information contained in the below notification is disclosed in accordance with the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR).

Details of PDMR 

Name
Rob Rennie

Position / status
CEO

Initial notification /
amendment
Initial notification 

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

Description of the
financial instrument
and ISIN Code
Ordinary 1 shares in Avon Rubber p.l.c.
GB0000667013

Nature of the
transaction
Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period.

Price(s) and
volume(s)
Price(s)
Volume(s)
GBP 0.00
31,327 conditional share awards

Aggregated
information
Aggregated volume
Price
GBP 0.00
31,327 conditional share awards

Date of the
transaction
2016-12-08

Place of the
transaction
N/A

Details of PDMR 

Name
Miles Ingrey-Counter 

Position / status
Company Secretary and Group Counsel

Initial notification /
amendment
Initial notification 

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

Description of the
financial instrument
and ISIN Code
Ordinary 1 shares in Avon Rubber p.l.c.
GB0000667013

Nature of the
transaction
Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period.

Price(s) and
volume(s)
Price(s)
Volume(s)
GBP 0.00
12,759 conditional share awards

Aggregated
information
Aggregated volume
Price
GBP 0.00
12,759 conditional share awards

Date of the
transaction
2016-12-08

Place of the
transaction
N/A

Details of PDMR 

Name
Paul McDonald 

Position / status
Head of Dairy Division

Initial notification /
amendment
Initial notification 

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

Description of the
financial instrument
and ISIN Code
Ordinary 1 shares in Avon Rubber p.l.c.
GB0000667013

Nature of the
transaction
Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period.

Price(s) and
volume(s)
Price(s)
Volume(s)
GBP 0.00
14,809 conditional share awards

Aggregated
information
Aggregated volume
Price
GBP 0.00
14,809 conditional share awards

Date of the
transaction
2016-12-08

Place of the
transaction
N/A
Contact Information: 
Rob Rennie, Chief Executive
01225 896870
Paul Rayner, Interim Group Finance Director
Miles Ingrey-Counter, Company Secretary
01225 896830
01225 896850




This information is provided by RNS
The company news service from the London Stock Exchange
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