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Director/PDMR Shareholding

2 Dec 2015 12:04

RNS Number : 7436H
Avon Rubber PLC
02 December 2015
 

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

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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