TIDMAVON

RNS Number : 6365Y

Avon Rubber PLC

02 December 2014

2 December 2014

Grant of Awards - Employee Share Plans

Avon Rubber p.l.c. ("the Company")

Announcement of transaction in ordinary shares of GBP1 each (the "Shares")

The Company announces that on 1 December 2014 joint ownership awards, nil cost options and conditional awards of 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 performance period applicable to the PSP Awards is 1 October 2014 to 30 September 2017.

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 2014, which was 720.2 pence. The awards are also subject to an earnings per share performance target.

 
 Name of Director/PDMR    Number of PSP Awards 
-----------------------  --------------------- 
     Peter Slabbert              45,821 
-----------------------  --------------------- 
      Andrew Lewis               34,990 
-----------------------  --------------------- 
  Miles Ingrey-Counter           15,329 
-----------------------  --------------------- 
       John Kime                 19,068 
-----------------------  --------------------- 
     Paul McDonald               16,440 
-----------------------  ---------------------

The transaction took place at Hampton Park West, Semington Road, Melksham, Wiltshire, SN12 6NB.

This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.

Contact Information:

 
 Peter Slabbert, Chief Executive              01225 896870 
 Andrew Lewis, Group Finance Director         01225 896830 
  Miles Ingrey-Counter, Company Secretary      01225 896850

This information is provided by RNS

The company news service from the London Stock Exchange

END

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