AVON Avon Technologies Plc

RNS Number:3114Y
Avon Rubber PLC
13 June 2007


For Immediate Release                                               13 June 2007

                  Avon Rubber p.l.c. ("Avon" or the "Company")

                         Employee Share Ownership Trust

Avon Rubber p.l.c. (the "Company") announces that, the Company has recommended
to Towers Perrin Share Plan Services (Guernsey) Limited (the "Trustee"), the
Trustee of the Company's Employee Share Ownership Trust (the "ESOT"), that it
revise the current hedging arrangements in respect of the Company's Performance
Share Plan 2002 (the "Plan"). The ESOT currently holds 666,190 shares in the
Company which are being held to hedge potential awards under the Plan. Given the
likely vesting profile of these awards the Company has recommended that the
Trustee consider disposing of up to 666,190 ordinary shares of #1 each in the
Company, at such time as the Trustee sees fit.

The original purchase of the shares held by the Trustee was funded by payments
from the Company to the Trustee made for the purposes of establishing the
hedging arrangement relating to the ESOT. To ensure that there is no prejudice
to the beneficiaries of the ESOT, the Trustee will apply the proceeds of any
disposal to subscribe for up to 666,191 new ordinary shares of #1 each in the
Company.

Once the disposal by the Trustee has taken place a formal application for the
listing of up to 666,191 ordinary shares of #1 each in the Company will be made
to the UK Listing Authority and the London Stock Exchange. The shares are being
allotted to trade on the London Stock Exchange and to be admitted to the
Official List upon allotment and will be held by the Trustee in order to satisfy
awards under the Plan.

The total number of ordinary shares subject to awards currently outstanding
under the Plan is 812,765 (representing 2.87% of the Company's issued share
capital).

Options outstanding over shares under the Plan to Directors and persons
discharging managerial responsibility are as follows:-
T.K.P. Stead - 315,500
P.C. Slabbert - 151,441
Total - 466,941

                                     -Ends-

Contact Information:

Avon Rubber p.l.c.                                                  01225 896831
Peter Slabbert, Finance Director

Weber Shandwick Financial                                          020 7067 0700
Richard Hews / Rachel Taylor / Hannah Marwood




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

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