TIDMAVON

RNS Number : 7442G

Avon Rubber PLC

05 March 2018

05 March 2018

Avon Rubber p.l.c.

('the Company')

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 5 March 2018 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 March 2018 on behalf of four 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 notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  --------------------------------------------------------------- 
      a)   Name                       Nicholas Keveth 
--------  -------------------------  ------------------------------------ 
      2    Reason for the notification 
--------  --------------------------------------------------------------- 
      a)   Position /                 Chief Financial Officer 
            status 
--------  -------------------------  ------------------------------------ 
      b)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  ------------------------------------ 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  --------------------------------------------------------------- 
      a)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  ------------------------------------ 
      b)   LEI                        213800JM1AN62REBWA71 
--------  -------------------------  ------------------------------------ 
      4    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 instrument 
            and ISIN Code              GB0000667013 
--------  -------------------------  ------------------------------------ 
      b)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive 
                                       plan 
--------  -------------------------  ------------------------------------ 
      c)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                  -----------  ---------- 
                                        GBP 11.85       12 
                                       -----------  ---------- 
--------  -------------------------  ------------------------------------ 
      d)   Aggregated 
            Information                 12 
             *    Aggregated volume     GBP 11.85 
                                        GBP 142.20 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  ------------------------------------ 
      e)   Date of the                2018-03-05 
            transaction 
--------  -------------------------  ------------------------------------ 
      f)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  ------------------------------------ 
 
 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  --------------------------------------------------------------- 
      b)   Name                       Miles Ingrey-Counter 
--------  -------------------------  ------------------------------------ 
      2    Reason for the notification 
--------  --------------------------------------------------------------- 
      c)   Position /                 Company Secretary 
            status 
--------  -------------------------  ------------------------------------ 
      d)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  ------------------------------------ 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  --------------------------------------------------------------- 
      c)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  ------------------------------------ 
      d)   LEI                        213800JM1AN62REBWA71 
--------  -------------------------  ------------------------------------ 
      4    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 
--------  --------------------------------------------------------------- 
      g)   Description                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument 
            and ISIN Code              GB0000667013 
--------  -------------------------  ------------------------------------ 
      h)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive 
                                       plan 
--------  -------------------------  ------------------------------------ 
      i)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                  -----------  ---------- 
                                        GBP 11.85       12 
                                       -----------  ---------- 
--------  -------------------------  ------------------------------------ 
      j)   Aggregated 
            Information                 12 
             *    Aggregated volume     GBP 11.85 
                                        GBP 142.20 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  ------------------------------------ 
      k)   Date of the                2018-03-05 
            transaction 
--------  -------------------------  ------------------------------------ 
      l)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  ------------------------------------ 
 
 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  --------------------------------------------------------------- 
      c)   Name                       Craig Sage 
--------  -------------------------  ------------------------------------ 
      2    Reason for the notification 
--------  --------------------------------------------------------------- 
      e)   Position /                 Divisional Head - Dairy 
            status 
--------  -------------------------  ------------------------------------ 
      f)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  ------------------------------------ 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  --------------------------------------------------------------- 
      e)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  ------------------------------------ 
      f)   LEI                        213800JM1AN62REBWA71 
--------  -------------------------  ------------------------------------ 
      4    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 
--------  --------------------------------------------------------------- 
      m)   Description                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument 
            and ISIN Code              GB0000667013 
--------  -------------------------  ------------------------------------ 
      n)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive 
                                       plan 
--------  -------------------------  ------------------------------------ 
      o)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                  -----------  ---------- 
                                        GBP 11.85       12 
                                       -----------  ---------- 
--------  -------------------------  ------------------------------------ 
      p)   Aggregated 
            Information                 12 
             *    Aggregated volume     GBP 11.85 
                                        GBP 142.20 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  ------------------------------------ 
      q)   Date of the                2018-03-05 
            transaction 
--------  -------------------------  ------------------------------------ 
      r)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  ------------------------------------ 
 
 
      1    Details of person discharging managerial 
            responsibilities/person closely associated 
--------  --------------------------------------------------------------- 
      d)   Name                       Leon Klapwijk 
--------  -------------------------  ------------------------------------ 
      2    Reason for the notification 
--------  --------------------------------------------------------------- 
      g)   Position /                 Divisional Head - Protection 
            status 
--------  -------------------------  ------------------------------------ 
      h)   Initial notification       Initial notification 
            / 
            amendment 
--------  -------------------------  ------------------------------------ 
      3    Details of the issuer, emission allowance 
            market participant, auction platform, auctioneer 
            or auction monitor 
--------  --------------------------------------------------------------- 
      g)   Name                       Avon Rubber p.l.c. 
--------  -------------------------  ------------------------------------ 
      h)   LEI                        213800JM1AN62REBWA71 
--------  -------------------------  ------------------------------------ 
      4    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 
--------  --------------------------------------------------------------- 
      s)   Description                Ordinary GBP1 shares in Avon 
            of the                     Rubber p.l.c. 
            financial instrument 
            and ISIN Code              GB0000667013 
--------  -------------------------  ------------------------------------ 
      t)   Nature of the              Acquisition of shares in accordance 
            transaction                with Avon's share incentive 
                                       plan 
--------  -------------------------  ------------------------------------ 
      u)   Price(s) and                 Price(s)    Volume(s) 
            volume(s)                  -----------  ---------- 
                                        GBP 11.85       12 
                                       -----------  ---------- 
--------  -------------------------  ------------------------------------ 
      v)   Aggregated 
            Information                 12 
             *    Aggregated volume     GBP 11.85 
                                        GBP 142.20 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
--------  -------------------------  ------------------------------------ 
      w)   Date of the                2018-03-05 
            transaction 
--------  -------------------------  ------------------------------------ 
      x)   Place of the               London Stock Exchange (XLON) 
            transaction 
--------  -------------------------  ------------------------------------ 
 

LEI: 213800JM1AN62REBWA71

Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUVANRWBAORAR

(END) Dow Jones Newswires

March 05, 2018 11:19 ET (16:19 GMT)

Avon Protection (LSE:AVON)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Avon Protection Charts.
Avon Protection (LSE:AVON)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Avon Protection Charts.