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Avon Rubber PLC (AVON)

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Monday 12 July, 2021

Avon Rubber PLC

Director/PDMR Shareholding

RNS Number : 9762E
Avon Rubber PLC
12 July 2021
 

12 July 2021

Avon Rubber p.l.c.

('the Company')

PDMR Shareholdings

 

Employee Stock Purchase Plan    

The Company was notified on 12 July 2021 that the below purchase of Avon Rubber p.l.c. ordinary shares were made by Killik & Co Trustee Ltd on 9 July 2021 on behalf of James Wilcox, a PDMR under the Avon Rubber Employee Stock Purchase Plan (ESPP).  

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

Section 85(1) of the Financial Services and Markets Act 2000 ( FSMA 2000 ) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than €5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and the requirements of the EU Market Abuse Regulation.

The information contained in the below notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

1

Details of person discharging managerial responsibilities/person closely associated

a) 

Name

James Wilcox

2

Reason for the notification

a) 

Position / status

Divisional Head - Military

b) 

Initial notification /

amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) 

Name

Avon Rubber p.l.c.

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

and ISIN Code

Ordinary £1 shares in Avon Rubber p.l.c.

 

GB0000667013

b) 

Nature of the

transaction

Acquisition of shares in accordance with Avon's Employee Stock Purchase Plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.

 

 

c) 

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 25.64

9 8

 

d) 

Aggregated Information

-  Aggregated volume

-  Aggregated price

-  Aggregated total

 

 

98

GBP 25.64

GBP 2,512.72

e) 

Date of the

transaction

2021-07-09

f) 

Place of the

transaction

London Stock Exchange (XLON)

 

LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

 

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