Avon Rubber PLC Director/PDMR Shareholding (4543R)
December 09 2016 - 5:43AM
UK Regulatory
TIDMAVON
RNS Number : 4543R
Avon Rubber PLC
09 December 2016
9 December 2016
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 8 December 2016 conditional awards
over 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 PSP Awards are subject to performance criteria and the
performance period applicable is 1 October 2016 to 30 September
2019.
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 2015,
which was 1053.4 pence. 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
----------------------- ---------------------
Rob Rennie 31,327
----------------------- ---------------------
Miles Ingrey-Counter 12,759
----------------------- ---------------------
Paul McDonald 14,809
----------------------- ---------------------
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).
Details of PDMR
-------------------------------------------------------------
Name Rob Rennie
-------------- ---------------------------------------------
Position CEO
/ status
-------------- ---------------------------------------------
Initial Initial notification
notification
/
amendment
-------------- ---------------------------------------------
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
-------------------------------------------------------------
Description Ordinary GBP1 shares in Avon Rubber
of the p.l.c.
financial
instrument GB0000667013
and ISIN
Code
-------------- ---------------------------------------------
Nature of Grant of joint ownership awards
the and nil cost options subject to
transaction performance criteria, measured
over a three year performance period.
-------------- ---------------------------------------------
Price(s) Price(s) Volume(s)
and --------- --------------------------------
volume(s) GBP 0.00 31,327 conditional share awards
--------- --------------------------------
-------------- ---------------------------------------------
Aggregated GBP 0.00
information 31,327 conditional share awards
Aggregated
volume
Price
-------------- ---------------------------------------------
Date of 2016-12-08
the
transaction
-------------- ---------------------------------------------
Place of N/A
the
transaction
-------------- ---------------------------------------------
Details of PDMR
-------------------------------------------------------------
Name Miles Ingrey-Counter
-------------- ---------------------------------------------
Position Company Secretary and Group Counsel
/ status
-------------- ---------------------------------------------
Initial Initial notification
notification
/
amendment
-------------- ---------------------------------------------
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
-------------------------------------------------------------
Description Ordinary GBP1 shares in Avon Rubber
of the p.l.c.
financial
instrument GB0000667013
and ISIN
Code
-------------- ---------------------------------------------
Nature of Grant of joint ownership awards
the and nil cost options subject to
transaction performance criteria, measured
over a three year performance period.
-------------- ---------------------------------------------
Price(s) Price(s) Volume(s)
and --------- --------------------------------
volume(s) GBP 0.00 12,759 conditional share awards
--------- --------------------------------
-------------- ---------------------------------------------
Aggregated GBP 0.00
information 12,759 conditional share awards
Aggregated
volume
Price
-------------- ---------------------------------------------
Date of 2016-12-08
the
transaction
-------------- ---------------------------------------------
Place of N/A
the
transaction
-------------- ---------------------------------------------
Details of PDMR
-------------------------------------------------------------
Name Paul McDonald
-------------- ---------------------------------------------
Position Head of Dairy Division
/ status
-------------- ---------------------------------------------
Initial Initial notification
notification
/
amendment
-------------- ---------------------------------------------
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
-------------------------------------------------------------
Description Ordinary GBP1 shares in Avon Rubber
of the p.l.c.
financial
instrument GB0000667013
and ISIN
Code
-------------- ---------------------------------------------
Nature of Grant of joint ownership awards
the and nil cost options subject to
transaction performance criteria, measured
over a three year performance period.
-------------- ---------------------------------------------
Price(s) Price(s) Volume(s)
and --------- --------------------------------
volume(s) GBP 0.00 14,809 conditional share awards
--------- --------------------------------
-------------- ---------------------------------------------
Aggregated GBP 0.00
information 14,809 conditional share awards
Aggregated
volume
Price
-------------- ---------------------------------------------
Date of 2016-12-08
the
transaction
-------------- ---------------------------------------------
Place of N/A
the
transaction
-------------- ---------------------------------------------
Contact Information: Rob Rennie, Chief Executive 01225 896870
Paul Rayner, Interim 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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