Employee Share Plans

RNS Number : 2597T

Avon Rubber PLC

02 December 2011

 



2 December 2011

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 1 December 2011 joint ownership awards, nil cost options and conditional awards of shares ("PSP Awards") were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ("PDMRs"), as listed below.

The performance period applicable to the PSP Awards is 1 October 2011 to 30 September 2014.

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 2011, which was 320 pence. The awards are also subject to an earnings per share performance target.

Name of Director/PDMR	Number of PSP Awards
Peter Slabbert	87,500
Andrew Lewis	50,000
Miles Ingrey-Counter	21,563
John Kime	28,146
Paul McDonald	22,500

The transaction took place at Hampton Park West, Semington Road, Melksham,Wiltshire, SN12 6NB.

This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.

Contacts:

Miles Ingrey-Counter, Company Secretary

01225 896850

 

END

 

 

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