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9 Dec 2016 10:43
9 December 2016
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 8 December 2016 conditional awards over 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 PSP Awards are subject to performance criteria and the performance period applicable is 1 October 2016 to 30 September 2019.
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 2015, which was 1053.4 pence. The awards are also subject to an earnings per share performance target. Full details of the PSP scheme are disclosed in the Company's Remuneration Report.
Name of Director/PDMR | Number of PSP Awards |
Rob Rennie | 31,327 |
Miles Ingrey-Counter | 12,759 |
Paul McDonald | 14,809 |
The information contained in the below notification is disclosed in accordance with the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR).
Details of PDMR | ||||||
Name | Rob Rennie | |||||
Position / status | CEO | |||||
Initial notification / amendment | Initial notification
| |||||
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 | ||||||
Description of the financial instrument and ISIN Code | Ordinary £1 shares in Avon Rubber p.l.c.
GB0000667013 | |||||
Nature of the transaction | Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period. | |||||
Price(s) and volume(s)
|
| |||||
Aggregated information Aggregated volume Price | GBP 0.00 31,327 conditional share awards
| |||||
Date of the transaction | 2016-12-08
| |||||
Place of the transaction | N/A
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Details of PDMR | ||||||
Name | Miles Ingrey-Counter | |||||
Position / status | Company Secretary and Group Counsel
| |||||
Initial notification / amendment | Initial notification
| |||||
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 | ||||||
Description of the financial instrument and ISIN Code | Ordinary £1 shares in Avon Rubber p.l.c.
GB0000667013 | |||||
Nature of the transaction | Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period. | |||||
Price(s) and volume(s)
|
| |||||
Aggregated information Aggregated volume Price | GBP 0.00 12,759 conditional share awards
| |||||
Date of the transaction | 2016-12-08
| |||||
Place of the transaction | N/A
| |||||
Details of PDMR | ||||||
Name | Paul McDonald | |||||
Position / status | Head of Dairy Division | |||||
Initial notification / amendment | Initial notification
| |||||
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 | ||||||
Description of the financial instrument and ISIN Code | Ordinary £1 shares in Avon Rubber p.l.c.
GB0000667013 | |||||
Nature of the transaction | Grant of joint ownership awards and nil cost options subject to performance criteria, measured over a three year performance period. | |||||
Price(s) and volume(s)
|
| |||||
Aggregated information Aggregated volume Price | GBP 0.00 14,809 conditional share awards
| |||||
Date of the transaction | 2016-12-08
| |||||
Place of the transaction | N/A
| |||||
Contact Information:
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