Last checked at 14 Jul 2023 12:00
Avon Protection plc
14 July 2023
NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE LTIP
AVON PROTECTION PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 14 July 2023 an award over ordinary shares of £1 each in Avon Protection plc was granted under the Avon Rubber p.l.c. Long Term Incentive Plan to the following persons discharging managerial responsibilities, as set out below:
PDMR | Position | Country of residence | No. of shares under Award |
Steve Elwell | President Respiratory Protection | UK | 10,329 |
Paul Hamilton | President of Operational Excellence and Continuous Improvement | US | 11,183 |
The awards were granted as a nil cost option for the UK resident PDMR and a conditional award for the US resident PDMR. The nil cost option award will ordinarily become exercisable and the conditional award will ordinarily vest on 21 December 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Steve Elwell | ||||
2 | Reason for Notification | |||||
a) | Position/status | President Respiratory Protection | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Avon Protection plc | ||||
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, type of instrument
Identification code | Ordinary Shares of £1 each in Avon Protection plc
GB0000667013 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 14 July 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Hamilton | ||||
2 | Reason for Notification | |||||
a) | Position/status | President of Operational Excellence and Continuous Improvement | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Avon Protection plc | ||||
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, type of instrument
Identification code | Ordinary Shares of £1 each in Avon Protection plc
GB0000667013 | ||||
b) | Nature of the transaction | Grant of a conditional under the Avon Rubber p.l.c. Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 14 July 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Avon Protection plc
Miles Ingrey-Counter, Company Secretary 01225 896 850