Issue of Equity

RNS Number : 3938T

Avon Rubber PLC

28 September 2010

 



Strictly embargoed until 07:00 Tuesday, 28 September 2010

AVON RUBBER p.l.c.

("Avon", the "Group" or the "Company")

The Company has allotted and issued 1,582,611 ordinary shares of £1 each at par to ACS HR Solutions Share Plan Services (Guernsey) Limited (in its capacity as the trustee of the Company's Employee Share Ownership Trust No.1).  This is conditional only upon admission of the shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange,

An application for the listing of 1,582,611 ordinary shares of £1 each in the Company ("Ordinary Shares") has been made to the UK Listing Authority and the London Stock Exchange. The shares will be held by the Trustee in order to satisfy awards under the Avon Rubber p.l.c Performance Share Plan 2002 and 2010 (the "Plans").

In addition, during the week commencing 20 September 2010 the Trustee purchased 175,000 ordinary shares of £1 each at an average price per share of 145.4p on the London Stock Exchange.

The number of shares and interests in shares held by the trustee of Avon Rubber p.l.c Employee Share Ownership Trusts No.1 and No.2 (the "Trusts"), following the allotment will be 2,437,681. This increases the holding of ACS HR Solutions Shares Plan Services (Guernsey) Limited (in its capacity as trustee of the Trusts) to 8.37%.

The issued share capital of the Company, following the above allotment, is 30,723,292 ordinary shares of GBP1 each with voting rights and this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further enquiries, please contact:

Avon Rubber p.l.c.
Peter Slabbert, Chief Executive	01225 896870
Andrew Lewis, Group Finance Director	01225 896830
Fiona Stewart, Corporate Communications Executive	01225 896871
Weber Shandwick Financial
Nick Oborne	020 7067 0700
Clare Thomas	020 7067 0700

 

END

 

 

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