Avon Rubber PLC Director/PDMR Shareholding (8604G)
March 19 2020 - 11:15AM
UK Regulatory
TIDMAVON
RNS Number : 8604G
Avon Rubber PLC
19 March 2020
NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE PLAN
AVON RUBBER P.L.C.
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 17 March 2020 the following awards over ordinary shares of
GBP1 each in Avon Rubber p.l.c. were granted under the Avon Rubber
p.l.c. Long Term Incentive Plan to the following person(s)
discharging managerial responsibilities:
PDMR No. of shares under Award
Paul McDonald 31,734
--------------------------
Nick Keveth 22,059
--------------------------
Miles Ingrey-Counter 9,832
--------------------------
Craig Sage 8,737
--------------------------
James Wilcox 10,616
--------------------------
David Mack 9,840
--------------------------
Terry Griffith 6,867
--------------------------
The awards were granted as a nil cost option for the four UK
resident PDMRs and conditional awards for James Wilcox, David Mack
and Terry Griffith who are resident in the US. The nil cost option
awards will ordinarily become exercisable and the conditional
awards will ordinarily vest on 1 December 2022, 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.
Each award is subject to two performance conditions (each
applicable to a distinct 50% of an award) measured over a period of
three financial years, starting with the 2020 financial year. The
first performance condition compares the Company's total
shareholder return to the total shareholder return of a comparator
group of companies consisting of the FTSE All-Share Index. The
second performance condition measures compound average annual
growth in the Company's earnings per share over the period of three
financial years, starting with the 2020 financial year.
Fuller details of the performance condition applicable to the
awards shall are set out in the Company's Directors' Remuneration
Report for the year ending 30 September 2019.
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 Paul McDonald
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
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) Price(s) Volume(s)
Nil 31,734
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nick Keveth
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
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) Price(s) Volume(s)
Nil 22,059
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Miles Ingrey-Counter
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Company Secretary
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
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) Price(s) Volume(s)
Nil 9,832
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Craig Sage
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Divisional Head - Dairy
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
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) Price(s) Volume(s)
Nil 8,737
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Wilcox
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Divisional Head - Military
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a conditional award under
the Avon Rubber p.l.c. Long Term Incentive
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 10,616
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Mack
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Divisional Head- First Responder
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a conditional award under
the Avon Rubber p.l.c. Long Term Incentive
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 9,840
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Terry Griffith
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Divisional Head - Helmets & Armor
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
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 of the financial Ordinary Shares of GBP1 each in Avon
instrument, type of Rubber p.l.c.
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a conditional award under
the Avon Rubber p.l.c. Long Term Incentive
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,867
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 17 March 2020
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
Enquiries:
Avon Rubber p.l.c.
Miles Ingrey-Counter, Company Secretary 01225 896 850
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUKRNRRWUOAAR
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