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

Avon TechnologiesAnnouncement

31/07/2017 11:05

RNS Number : 5778M
Avon Rubber PLC
31 July 2017
31 July 2017
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 26 July 2017 conditional awards over shares ('PSP Awards') were granted under the 2010 Performance Share Plan to 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 2016, 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
Craig Sage
6,704
Leon Klapwijk
6,143
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).
a)
Details of PDMR 
Name
Craig Sage
Position / status
Divisional Head - Dairy
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
6,704 conditional share awards
Aggregated
information
Aggregated volume
Price
GBP 0.00
6,704 conditional share awards
Date of the
transaction
2017-07-26
Place of the
transaction
N/A
a)
Details of PDMR 
Name
Leon Klapwijk
Position / status
Divisional Head - Protection
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
6,143 conditional share awards
Aggregated
information
Aggregated volume
Price
GBP 0.00
6,143 conditional share awards
Date of the
transaction
2017-07-26
Place of the
transaction
N/A
Contact Information: 
Paul McDonald, Chief Executive
01225 896400
Nick Keveth, Chief Financial Officer
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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