Director/PDMR Shareholding

Avon Protection PLC

14 July 2023

 

Avon Protection plc

14 July 2023

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE LTIP

AVON PROTECTION PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 14 July 2023 an award over ordinary shares of £1 each in Avon Protection plc was granted under the Avon Rubber p.l.c. Long Term Incentive Plan to the following persons discharging managerial responsibilities, as set out below:  

PDMR	Position	Country of residence	No. of shares under Award
Steve Elwell	President Respiratory Protection	UK	10,329
Paul Hamilton	President of Operational Excellence and Continuous Improvement	US	11,183

The awards were granted as a nil cost option for the UK resident PDMR and a conditional award for the US resident PDMR.  The nil cost option award will ordinarily become exercisable and the conditional award will ordinarily vest on 21 December 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Elwell
2	Reason for Notification
a)	Position/status	President Respiratory Protection
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Protection plc
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £1 each in Avon Protection plc GB0000667013
b)	Nature of the transaction	Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 10,329
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	14 July 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Hamilton
2	Reason for Notification
a)	Position/status	President of Operational Excellence and Continuous Improvement
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Protection plc
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £1 each in Avon Protection plc GB0000667013
b)	Nature of the transaction	Grant of a conditional under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 11,183
d)	Aggregated information -       Aggregated volume -       Price	Not applicable - single transaction
e)	Date of the transaction	14 July 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:       

Avon Protection plc

Miles Ingrey-Counter, Company Secretary                                   01225 896 850           

 

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