Last checked at 20 Jan 2015 11:50
RNS Number:Avon Rubber p.l.c20 January 2015
Avon Rubber p.l.c. (the Company)
Directors'/PDMR Shareholdings - ESPP
Avon Rubber p.l.c. was notified on 20 January 2015 that the following PDMR acquired shares under the Avon Rubber Employee Stock Purchase Plan (ESPP).
The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.
| Number of Shares acquired under the ESPP | Percentage of issued share capital acquired | Price Per Share | Beneficial Interest in shares following this notification | Percentage of issued share capital |
PDMR | |||||
John Kime | 286 | 0.0001 | £6.698 | 33,543 | 0.11 |
Section 85(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than €5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.
This notification is made in order to satisfy both section 793 of the Companies Act 2006 and Disclosure and Transparency Rule 3.1.2.