Avon Rubber PLC Director/PDMR Shareholding (6387C)
January 20 2015 - 5:50AM
UK Regulatory
TIDMAVON
RNS Number : 6387C
Avon Rubber PLC
20 January 2015
RNS Number:
Avon Rubber p.l.c
20 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 Percentage Price Beneficial Percentage
of Shares of issued Per Share Interest of issued
acquired share in shares share capital
under capital following
the ESPP acquired this notification
------- ----------- ----------- ----------- ------------------- ---------------
PDMR
------------------------------------------------------------------------------------
John
Kime 286 0.0001 GBP6.698 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 EUR5,000,000 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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