REG - Avon Rubber PLC - Director/PDMR Shareholding

Avon TechnologiesAnnouncement

06/05/2020 07:01

RNS Number : 0367M
  
Avon Rubber PLC
  
06 May 2020
  
 

6 May 2020
 
Avon Rubber p.l.c.
('the Company')
Directors'/PDMR Shareholdings
Share Incentive Plan
The Company was notified on 5 May 2020 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 May 2020 on behalf of three of the Company's persons discharging managerial responsibilities ('PDMR') 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 notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
 



1


Details of person discharging managerial responsibilities/person closely associated




a)     


Name


Nicholas Keveth




2


Reason for the notification




a)     


Position / status


Chief Financial Officer




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


Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
 
 




c)     


Price(s) and
volume(s)
 





Price(s)


Volume(s)




GBP 26.235


6








d)    


Aggregated Information
-  Aggregated volume
-  Aggregated price
-  Aggregated total
 


 
6
GBP 26.235
GBP 157.4




e)    


Date of the
transaction


2020-05-05
 




f)     


Place of the
transaction


London Stock Exchange (XLON)
 



 



1


Details of person discharging managerial responsibilities/person closely associated




a)     


Name


Miles Ingrey-Counter




2


Reason for the notification




a)     


Position / status


Company Secretary




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


Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
 




c)     


Price(s) and
volume(s)
 





Price(s)


Volume(s)




GBP 26.235


5








d)    


Aggregated Information
-  Aggregated volume
-  Aggregated price
-  Aggregated total
 


 
5
GBP 26.235
GBP 131.18




e)    


Date of the
transaction


2020-05-05
 




f)     


Place of the
transaction


London Stock Exchange (XLON)
 



 



1


Details of person discharging managerial responsibilities/person closely associated




a)     


Name


Craig Sage




2


Reason for the notification




a)     


Position / status


Divisional Head - Dairy




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


Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
 
 




c)     


Price(s) and
volume(s)
 





Price(s)


Volume(s)




GBP 26.235


5








d)    


Aggregated Information
-  Aggregated volume
-  Aggregated price
-  Aggregated total
 


 
5
GBP 26.235
GBP 131.18




e)    


Date of the
transaction


2020-05-05
 




f)     


Place of the
transaction


London Stock Exchange (XLON)
 



LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.


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