Last checked at 9 Mar 2022 07:00
Avon Protection plc
9 March 2022
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 8 March 2022 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 ('LTIP') to the Chief Financial Officer Designate as set out below:
PDMR | Position | Country of residence | No. of shares under Award |
Rich Cashin | Chief Financial Officer Designate | UK | 32,686 |
The award was granted as a nil cost option and will ordinarily become exercisable on 8 March 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 award is subject to the same performance conditions that apply to the awards made to PDMRs on 1 February 2022.
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 | Rich Cashin | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer Designate | ||||
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 | 8 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Avon Protection plc
Miles Ingrey-Counter, Company Secretary 01225 896 850