TIDMAVON

RNS Number : 6387C

Avon Rubber PLC

20 January 2015

RNS Number:

Avon Rubber p.l.c

20 January 2015

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

Directors'/PDMR Shareholdings - ESPP

Avon Rubber p.l.c. was notified on 20 January 2015 that the following PDMR acquired shares under the Avon Rubber Employee Stock Purchase Plan (ESPP).

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

 
          Number       Percentage   Price        Beneficial           Percentage 
           of Shares    of issued    Per Share    Interest             of issued 
           acquired     share                     in shares            share capital 
           under        capital                   following 
           the ESPP     acquired                  this notification 
-------  -----------  -----------  -----------  -------------------  --------------- 
 PDMR 
------------------------------------------------------------------------------------ 
 John 
  Kime       286         0.0001      GBP6.698          33,543              0.11 
-------  -----------  -----------  -----------  -------------------  ---------------

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 EUR5,000,000 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 Disclosure and Transparency Rule 3.1.2.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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