Avon Rubber PLC Director/PDMR Shareholding (6587C)
June 29 2016 - 6:57AM
UK Regulatory
TIDMAVON
RNS Number : 6587C
Avon Rubber PLC
29 June 2016
29 June 2016
Grant of Award - 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 28 June 2016 a joint ownership
award over 2,790 Shares ('Award') was granted under the 2010
Performance Share Plan ('PSP') to Sarah Matthews-DeMers, a person
discharging managerial responsibility.
The Award is supplementary to an award made to Mrs
Matthews-DeMers under the PSP in December 2015 and has been made in
recognition of a recent promotion. The performance period
applicable to the Award is the same as the previous award in
December 2015, which was 1 October 2015 to 30 September 2018.
The number of shares placed under the 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 2015,
which was 1085 pence. The closing price of the Company's Shares on
the business day immediately preceding the date of the PSP Award
was 820.5 pence. The award is also subject to an earnings per share
performance target.
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:
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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