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2 Dec 2015 12:04
2 December 2015
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 2015 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 2015 to 30 September 2018.
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 1085 pence. The awards are also subject to an earnings per share performance target.
Name of Director/PDMR | Number of PSP Awards |
Rob Rennie | 27,650 |
Andrew Lewis | 23,226 |
Miles Ingrey-Counter | 10,175 |
John Kime | 13,233 |
Paul McDonald | 10,912 |
Sarah Matthews-DeMers | 4,078 |
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.
Contact Information:
Rob Rennie, Chief Executive | 01225 896870 | |
Andrew Lewis, Group Finance Director Miles Ingrey-Counter, Company Secretary | 01225 896830 01225 896850 | |
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