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

Avon TechnologiesAnnouncement

09/01/2017 10:21

RNS Number : 6594T
Avon Rubber PLC
09 January 2017
RNS Number:
Avon Rubber p.l.c.
9 January 2017
Avon Rubber p.l.c.
Directors'/PDMR Shareholdings - SIP
Avon Rubber p.l.c. was notified on 06 January 2017 that the following purchase of Avon Rubber p.l.c. ordinary shares was made by Equiniti Share Plan Trustees Limited on 05 January 2017 on behalf of one of the Company's persons discharging managerial responsibilities pursuant to the Company's Share Incentive Plan (SIP).
The SIP is an all-employee share plan arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company using deductions from salary in each monthly pay period.
Section 85(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than 5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.
This notification is made in order to satisfy both section 793 of the Companies Act 2006 and the requirements of the EU Market Abuse Regulation.
The information contained in the below notification is disclosed in accordance with the EU Market Abuse Regulation.
a)
1.
Details of PDMR
a)
Name
Miles Ingrey-Counter
b)
Position / status
Company Secretary
c)
Initial notification /
amendment
Initial notification
2.
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
and ISIN Code
Ordinary 1 shares in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the
transaction
Acquisition of shares in accordance with Avon's share incentive plan.
c)
Price(s) and
volume(s)
Price(s)
Volume(s)
GBP 10.375
15
d)
Aggregated
information
Aggregated volume
Price
GBP 155.63
e)
Date of the
transaction
2017-01-05
f)
Place of the
transaction
London Stock Exchange

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