Avon Rubber PLC Director/PDMR Shareholding (5778M)
July 31 2017 - 6:03AM
UK Regulatory
TIDMAVON
RNS Number : 5778M
Avon Rubber PLC
31 July 2017
31 July 2017
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 26 July 2017 conditional awards
over shares ('PSP Awards') were granted under the 2010 Performance
Share Plan to 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 2016,
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
----------------------- ---------------------
Craig Sage 6,704
----------------------- ---------------------
Leon Klapwijk 6,143
----------------------- ---------------------
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).
a)
Details of PDMR
-----------------------------------------------------------
Name Craig Sage
---------------- -----------------------------------------
Position Divisional Head - Dairy
/ 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 6,704 conditional
share awards
---------------- ------------- --------------------------
Aggregated GBP 0.00
information
Aggregated 6,704 conditional share awards
volume
Price
---------------- -----------------------------------------
Date of 2017-07-26
the
transaction
---------------- -----------------------------------------
Place of N/A
the
transaction
---------------- -----------------------------------------
a)
Details of PDMR
-----------------------------------------------------------
Name Leon Klapwijk
---------------- -----------------------------------------
Position Divisional Head - Protection
/ 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 6,143 conditional
share awards
---------------- ------------- --------------------------
Aggregated GBP 0.00
information
Aggregated 6,143 conditional share awards
volume
Price
---------------- -----------------------------------------
Date of 2017-07-26
the
transaction
---------------- -----------------------------------------
Place of N/A
the
transaction
---------------- -----------------------------------------
Contact Information: Paul McDonald, Chief Executive 01225 896400
Nick Keveth, Chief Financial Officer 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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