Director Shareholding
Avon Rubber PLC
15 March 2002
LETTER TO: COMPANY ANNOUNCEMENTS OFFICE
LATE NOTIFICATION
While sending you earlier today 2 notifications regarding routine transactions
in shares by 2 of my Directors, it came to my attention that I had not notified
you of share option grants made to 4 Directors on 13 February 2002.
The option grants relate to the Avon Rubber p.l.c. Performance Share Plan 2002
which was approved by our Shareholders at the AGM on 4 February 2002. An
explanation of the Plan was of course included in the Notice of Meeting for the
AGM.
The options, all of which are within the terms of the Plan approved by
Shareholders, will only vest in the Directors and become exercisable at the end
of a 3 year period commencing 1 October 2001 if the company's performance in
total shareholder return terms places the company in the top 60% of a comparator
group. The total number of options will only vest and be exercisable in the
event that the company is in the upper quartile of the comparator group.
In the event that any options vest and are exercised, they are exercisable by
the Director concerned at a total aggregate price of £1 in accordance with the
rules of the Plan.
The Plan rules contain clauses dealing with such circumstances as retirement
and death.
LETTER FROM: C.L. MARTIN
COMPANY SECRETARY
AVON RUBBER P.L.C
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
AVON RUBBER P.L.C.
2) NAME OF DIRECTOR
MR. T.K.P. STEAD
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
7) Number of shares/amount of
stock acquired
8) (N/A %)
of issued Class
9) Number of shares/amount
of stock disposed
10) ( N/A %)
of issued Class
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
13 FEBRUARY 2002
18) Period during which or date on which exercisable
SEE LETTER ABOVE
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
£1 ORDINARY 98894
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
SEE LETTER ABOVE
22) Total number of shares or debentures over which options held
following this notification
108705
23) Any additional information
24) Name of contact and telephone number for queries
C.L. MARTIN 01225 861150
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 15 MARCH 2002
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
AVON RUBBER P.L.C.
2) NAME OF DIRECTOR
MR. S.J. WILCOX
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
7) Number of shares/amount of
stock acquired
8) (N/A %)
of issued Class
9) Number of shares/amount
of stock disposed
10) ( N/A %)
of issued Class
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
13 FEBRUARY 2002
18) Period during which or date on which exercisable
SEE LETTER ABOVE
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
£1 ORDINARY 219597
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
SEE LETTER ABOVE
22) Total number of shares or debentures over which options held
following this notification
307691
23) Any additional information
24) Name of contact and telephone number for queries
C.L. MARTIN 01225 861150
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 15 MARCH 2002
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
AVON RUBBER P.L.C.
2) NAME OF DIRECTOR
MR. S.J. STONE
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
7) Number of shares/amount of
stock acquired
8) (N/A %)
of issued Class
9) Number of shares/amount
of stock disposed
10) ( N/A %)
of issued Class
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
13 FEBRUARY 2002
18) Period during which or date on which exercisable
SEE LETTER ABOVE
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
£1 ORDINARY 114572
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
SEE LETTER ABOVE
22) Total number of shares or debentures over which options held
following this notification
156826
23) Any additional information
24) Name of contact and telephone number for queries
C.L. MARTIN 01225 861150
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 15 MARCH 2002
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
AVON RUBBER P.L.C.
2) NAME OF DIRECTOR
MR. L.J. RICHARDS
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
7) Number of shares/amount of
stock acquired
8) (N/A %)
of issued Class
9) Number of shares/amount
of stock disposed
10) ( N/A %)
of issued Class
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
13 FEBRUARY 2002
18) Period during which or date on which exercisable
SEE LETTER ABOVE
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
£1 ORDINARY 101185
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
SEE LETTER ABOVE
22) Total number of shares or debentures over which options held
following this notification
101185
23) Any additional information
24) Name of contact and telephone number for queries
C.L. MARTIN 01225 861150
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 15 MARCH 2002
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