Last checked at 6 Dec 2017 14:14
6 December 2017
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 6 December 2017 nil cost option awards ('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 2017 to 30 September 2020.
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 2017, which was £11.32. 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 |
Paul McDonald | 26,511 |
Nick Keveth | 20,325 |
Miles Ingrey-Counter | 11,877 |
Craig Sage | 10,251 |
Leon Klapwijk | 11,665 |
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).
1 | Details of person discharging managerial responsibilities/person closely associated | |||||
a) | Name | 1) Paul McDonald 2) Nicholas Keveth 3) Miles Ingrey-Counter 4) Craig Sage 5) Leon Klapwijk | ||||
2 | Reason for the notification | |||||
a) | Position / status | 1) Chief Executive Officer 2) Chief Financial Officer 3) Company Secretary 4) Divisional Head - Dairy 5) Divisional Head - Protection | ||||
b) | Initial notification / amendment | Initial notification
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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 | Grant of nil cost option awards subject to performance criteria, measured over a three year performance period, under the Company's Performance Share Plan. | ||||
c) | Price(s) and volume(s)
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d) | Aggregated Information 1) - Aggregated volume - Aggregated price - Aggregated total 2) - Aggregated volume - Aggregated price - Aggregated total 3) - Aggregated volume - Aggregated price - Aggregated total 4) - Aggregated volume - Aggregated price - Aggregated total 5) - Aggregated volume - Aggregated price - Aggregated total
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26,511 shares under nil cost option NIL NIL
20,325 shares under nil cost option NIL NIL
11,877 shares under nil cost option NIL NIL
10,251 shares under nil cost option NIL NIL
11,665 shares under nil cost option NIL NIL | ||||
e) | Date of the transactions | All occurred on 2017-12-06
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f) | Place of the transaction | London Stock Exchange (XLON)
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LEI: 213800JM1AN62REBWA71Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.
Contact Information:
Avon Rubber p.l.c.
Miles Ingrey-Counter, Company Secretary
Weber Shandwick Financial
Nick Oborne/Tom Jenkins | 01225 896850
020 7067 0700
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Note to editors:
Avon Rubber p.l.c. is an innovative technology group, specialising in respiratory protection systems and milking point solutions through our two businesses Avon Protection and milkrite | InterPuls. Avon Rubber p.l.c. design, test and manufacture specialist products and services to maximise the performance and capabilities of our customers.
Avon Protection is the recognised global leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems for the world's Military, Law Enforcement and Fire services.
milkrite | InterPuls is a global leader providing complete milking point solutions to customers across the world with the aim of improving every farm it touches.
For further information, please visit the Group's website: www.avon-rubber.com