Avon Rubber PLC Director/PDMR Shareholding (5117X)
November 24 2017 - 10:39AM
UK Regulatory
TIDMAVON
RNS Number : 5117X
Avon Rubber PLC
24 November 2017
24 November 2017
Avon Rubber p.l.c. ('the Company')
Directors' and PDMRs' Interest in Shares
Release of 2015 deferred bonus shares
As previously announced to shareholders on 19 November 2015, a
portion of the annual bonus payments due to PDMR and now Chief
Executive Officer, Paul McDonald and PDMR, Miles Ingrey-Counter, in
respect of the 2015 financial year were deferred into Company
shares, to be held for two years.
On 23 November 2017, following expiry of the deferral period,
1,272 deferred bonus shares were released to Paul McDonald and
1,057 to Miles Ingrey-Counter. Paul McDonald sold these shares at a
price of 1176 pence per share on 23 November 2017. Deferred bonus
shares are not subject to the Company's shareholding
guidelines.
1 Details of person discharging managerial
responsibilities/person closely associated
-------- ------------------------------------------------------------
a) Name Paul McDonald
-------- ------------------------- ---------------------------------
2 Reason for the notification
-------- ------------------------------------------------------------
a) Position / Chief Executive Officer
status
-------- ------------------------- ---------------------------------
b) Initial notification Initial notification
/
amendment
-------- ------------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- ------------------------------------------------------------
a) Name Avon Rubber p.l.c.
-------- ------------------------- ---------------------------------
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 Ordinary GBP1 shares in Avon
of the Rubber p.l.c.
financial instrument GB0000667013
and ISIN Code
-------- ------------------------- ---------------------------------
b) Nature of the Sale of shares. Following expiry
transaction of the deferral period, the
2015 deferred bonus shares
purchased on 18 November 2015
were released to and were sold
by Paul McDonald.
-------- ------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 11.76 1,272
--------- ----------
-------- ------------------------- ---------------------------------
d) Aggregated 1,272
Information GBP 11.76
* Aggregated volume GBP 14,958.72
* Aggregated price
* Aggregated total
-------- ------------------------- ---------------------------------
e) Date of the 2017-11-23
transaction
-------- ------------------------- ---------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
-------- ------------------------- ---------------------------------
1 Details of person discharging managerial
responsibilities/person closely associated
-------- ------------------------------------------------------------------
b) Name Miles Ingrey-Counter
-------- ------------------------- ---------------------------------------
2 Reason for the notification
-------- ------------------------------------------------------------------
c) Position / Company Secretary
status
-------- ------------------------- ---------------------------------------
d) Initial notification Initial notification
/
amendment
-------- ------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- ------------------------------------------------------------------
c) Name Avon Rubber p.l.c.
-------- ------------------------- ---------------------------------------
d) 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
-------- ------------------------------------------------------------------
g) Description Ordinary GBP1 shares in Avon
of the Rubber p.l.c.
financial instrument GB0000667013
and ISIN Code
-------- ------------------------- ---------------------------------------
h) Nature of the Following expiry of the deferral
transaction period, the 2015 deferred bonus
shares purchased on 18 November
2015 were released to Miles
Ingrey-Counter on 23 November
2017.
-------- ------------------------- ---------------------------------------
i) Price(s) and Price(s) Volume(s)
volume(s) N/A 1,057
---------- ----------
-------- ------------------------- ---------------------------------------
j) Aggregated 1,057
Information GBP N/A
* Aggregated volume GBP N/A
* Aggregated price
* Aggregated total
-------- ------------------------- ---------------------------------------
k) Date of the Date shares released to Miles
transaction Ingrey-Counter: 2017-11-23
-------- ------------------------- ---------------------------------------
l) Place of the London Stock Exchange (XLON)
transaction
-------- ------------------------- ---------------------------------------
2017 deferred bonus arrangements
A portion of the annual bonus payments due to the Executive
Directors, Paul McDonald and Nick Keveth and certain PDMRs of the
Company in respect of the 2017 financial year were deferred into
Company shares on 23 November 2017. 25% of the annual bonus linked
to financial targets, as distinct from personal performance
targets, was subjected to tax and national insurance/social
security and the net amount was used to purchase Company shares.
The shares are to be held for two years and are not subject to the
Company's shareholding guidelines.
The table below sets out the number of 2017 deferred bonus
shares held by the Executive Directors and each PDMR following this
transaction.
1 Details of person discharging managerial
responsibilities/person closely associated
-------- ------------------------------------------------------------------
c) Name 1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) Leon Klapwijk
5) Craig Sage
-------- ------------------------- ---------------------------------------
2 Reason for the notification
-------- ------------------------------------------------------------------
e) Position / 1) Chief Executive Officer
status 2) Chief Financial Officer
3) Company Secretary
4) Divisional Head - Protection
5) Divisional Head - Dairy
-------- ------------------------- ---------------------------------------
f) Initial notification Initial notification
/
amendment
-------- ------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------- ------------------------------------------------------------------
e) Name Avon Rubber p.l.c.
-------- ------------------------- ---------------------------------------
f) 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
-------- ------------------------------------------------------------------
m) Description Ordinary GBP1 shares in Avon
of the Rubber p.l.c.
financial instrument GB0000667013
and ISIN Code
-------- ------------------------- ---------------------------------------
n) Nature of the Acquisition of shares. A portion
transaction of the annual bonus payments
in respect of the 2016/17
financial year were deferred
into Company shares on 23
November 2017. 25% of the
annual bonus linked to financial
targets, as distinct from
personal performance targets,
was subjected to tax and national
insurance/social security
and the net amount was used
to purchase Company shares.
The shares are to be held
for two years and are not
subject to the Company's shareholding
guidelines.
-------- ------------------------- ---------------------------------------
o) Price(s) and Price(s) Volume(s)
volume(s) -------------------- ---------------
1) GBP 11.76 1) 1,443
2) GBP 11.76 2) 364
3) GBP 11.76 3) 1,063
4) GBP 11.76 4) 485
5) GBP 11.76 5) 367
-------------------- ---------------
-------- ------------------------- ---------------------------------------
p) Aggregated 1,443
Information GBP 11.76
1) GBP 16,969.68
* Aggregated volume 364
GBP 11.76
GBP 4,280.64
* Aggregated price 1,063
GBP 11.76
GBP 12,500.88
* Aggregated total 485
GBP 11.76
GBP 5,703.60
2) 367
* Aggregated volume GBP 11.76
GBP 4,315.92
* Aggregated price
* Aggregated total
3)
* Aggregated volume
* Aggregated price
* Aggregated total
4)
* Aggregated volume
* Aggregated price
* Aggregated total
5)
* Aggregated volume
* Aggregated price
* Aggregated total
-------- ------------------------- ---------------------------------------
q) Date of the All occurred on 2017-11-23
transactions
-------- ------------------------- ---------------------------------------
r) Place of the London Stock Exchange (XLON)
transaction
-------- ------------------------- ---------------------------------------
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the
Market Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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