Director/PDMR Shareholding

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 £1 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 / status	Divisional Head - Dairy
	Initial notification / amendment	Initial notification
	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 of the financial instrument and ISIN Code	Ordinary £1 shares in Avon Rubber p.l.c. GB0000667013
	Nature of the transaction	Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period.
	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 0.00	6,704 conditional share awards
	Aggregated information Aggregated volume Price	GBP  0.00 6,704 conditional share awards
	Date of the transaction	2017-07-26
	Place of the transaction	N/A

a)               

	Details of PDMR
	Name	Leon Klapwijk
	Position / status	Divisional Head - Protection
	Initial notification / amendment	Initial notification
	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 of the financial instrument and ISIN Code	Ordinary £1 shares in Avon Rubber p.l.c. GB0000667013
	Nature of the transaction	Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period.
	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 0.00	6,143 conditional share awards
	Aggregated information Aggregated volume Price	GBP  0.00 6,143 conditional share awards
	Date of the transaction	2017-07-26
	Place of the transaction	N/A

Contact Information: Paul McDonald, Chief Executive 01225 896400 Nick Keveth, Chief Financial Officer Miles Ingrey-Counter, Company Secretary 01225 896830 01225 896850

 

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