Avon Rubber PLC Director/PDMR Shareholding (6594T)
January 09 2017 - 05:20AM
UK Regulatory
TIDMAVON
RNS Number : 6594T
Avon Rubber PLC
09 January 2017
RNS Number:
Avon Rubber p.l.c.
9 January 2017
Avon Rubber p.l.c.
Directors'/PDMR Shareholdings - SIP
Avon Rubber p.l.c. was notified on 06 January 2017 that the
following purchase of Avon Rubber p.l.c. ordinary shares was made
by Equiniti Share Plan Trustees Limited on 05 January 2017 on
behalf of one of the Company's persons discharging managerial
responsibilities 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 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 the requirements of the EU Market
Abuse Regulation.
The information contained in the below notification is disclosed
in accordance with the EU Market Abuse Regulation.
a)
1. Details of PDMR
--------- --------------------------------------------------------------
a) Name Miles Ingrey-Counter
--------- --------------------- ---------------------------------------
b) Position Company Secretary
/ status
--------- --------------------- ---------------------------------------
c) Initial Initial notification
notification
/
amendment
--------- --------------------- ---------------------------------------
2. 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 Ordinary GBP1 shares in Avon
of the Rubber p.l.c.
financial GB0000667013
instrument
and ISIN
Code
--------- --------------------- ---------------------------------------
b) Nature of Acquisition of shares in accordance
the with Avon's share incentive plan.
transaction
--------- --------------------- ---------------------------------------
c) Price(s) Price(s) Volume(s)
and
volume(s)
--------- --------------------- -------------------- -----------------
GBP 10.375 15
---------------------------------------------------- -----------------
d) Aggregated GBP 155.63
information
Aggregated
volume
Price
--------- --------------------- ---------------------------------------
e) Date of 2017-01-05
the
transaction
--------- --------------------- ---------------------------------------
f) Place of London Stock Exchange
the
transaction
--------- --------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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