Avon Protection Regulatory News (AVON)

19 Oct 2006 14:32

Avon Rubber PLC19 October 2006 RIS Announcement Lapse of Awards Avon Rubber p.l.c. ("the Company"): Employee Share Plans - Announcement of transaction in ordinary shares of £1 each ("the Shares"). The Company announces that on 18 October 2006, nil-cost options over Shares (the "Options") granted under the Company's Performance Share Plan to executive directors and persons discharging managerial responsibility ("PDMRs"), as listed below, lapsed because the performance conditions attached to those Options were not met. The awards were granted on the date shown below at nil-cost. Number of SharesName of Director/PDMR Date of grant subject to the Option Peter Charles Slabbert 15/12/2003 24,828Terry Keith Parsons Stead 15/12/2003 50,759Peter John Fairbairn 15/12/2003 20,414Simon David Wright 15/12/2003 24,828 The transaction took place in Atlanta, Georgia, USA. This announcement is made pursuant to Disclosure Rule 3.1.4 following notifications under both section 324 Companies Act 1935 and Disclosure Rule 3.1.2. Contact: Peter Fairbairn, Company Secretary, on tel. no: 01225 896860 This information is provided by RNS The company news service from the London Stock Exchange