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

Avon TechnologiesAnnouncement

06/12/2017 14:21

RNS Number : 5881Y
Avon Rubber PLC
06 December 2017
6 December 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 6 December 2017 nil cost option awards ('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 2017 to 30 September 2020.
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 2017, which was 11.32. 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
Paul McDonald
26,511
Nick Keveth
20,325
Miles Ingrey-Counter
11,877
Craig Sage
10,251
Leon Klapwijk
11,665
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).
1
Details of person discharging managerial responsibilities/person closely associated
a) 
Name
1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) Craig Sage
5) Leon Klapwijk
2
Reason for the notification
a) 
Position / status
1) Chief Executive Officer
2) Chief Financial Officer
3) Company Secretary
4) Divisional Head - Dairy
5) Divisional Head - Protection
b) 
Initial notification /
amendment
Initial notification 
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) 
Name
Avon Rubber p.l.c.
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
and ISIN Code
Ordinary 1 shares in Avon Rubber p.l.c.
GB0000667013
b) 
Nature of the
transaction
Grant of nil cost option awards subject to performance criteria, measured over a three year performance period, under the Company's Performance Share Plan.
c) 
Price(s) and
volume(s)
Price(s)
Volume(s)
1) NIL
2) NIL
3) NIL
4) NIL
5) NIL
1) 26,511
2) 20,325
3) 11,877
4) 10,251
5) 11,665
d) 
Aggregated Information
1)
- Aggregated volume
- Aggregated price
- Aggregated total
2)
- Aggregated volume
- Aggregated price
- Aggregated total
3)
- Aggregated volume
- Aggregated price
- Aggregated total
4)
- Aggregated volume
- Aggregated price
- Aggregated total
5)
- Aggregated volume
- Aggregated price
- Aggregated total
26,511 shares under nil cost option
NIL
NIL
20,325 shares under nil cost option
NIL
NIL
11,877 shares under nil cost option
NIL
NIL
10,251 shares under nil cost option
NIL
NIL
11,665 shares under nil cost option
NIL
NIL
e) 
Date of the
transactions
All occurred on 2017-12-06
f) 
Place of the
transaction
London Stock Exchange (XLON)
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.
Contact Information: 
Avon Rubber p.l.c. 
Miles Ingrey-Counter, Company Secretary
Weber Shandwick Financial
Nick Oborne/Tom Jenkins
01225 896850
020 7067 0700



Note to editors: 
Avon Rubber p.l.c. is an innovative technology group, specialising in respiratory protection systems and milking point solutions through our two businesses Avon Protection and milkrite | InterPuls. Avon Rubber p.l.c. design, test and manufacture specialist products and services to maximise the performance and capabilities of our customers.
Avon Protection is the recognised global leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems for the world's Military, Law Enforcement and Fire services. 
milkrite | InterPuls is a global leader providing complete milking point solutions to customers across the world with the aim of improving every farm it touches. 
For further information, please visit the Group's website: www.avon-rubber.com 

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