Avon Rubber PLC Director/PDMR Shareholding (9010L)
January 15 2021 - 8:00AM
UK Regulatory
TIDMAVON
RNS Number : 9010L
Avon Rubber PLC
15 January 2021
15 January 2021
Avon Rubber p.l.c. ("the Company")
Directors' and PDMRs' Interest in Shares
As previously disclosed, awards were granted under the Company's
Performance Share Plan to Executive Directors, persons discharging
managerial responsibilities ('PDMRs') and other employees (together
'Participants') on 6 December 2017 ('the 2017 Awards').
The 2017 Awards were granted as nil cost option awards to UK
participants and conditional awards to US participants. All awards
were subject to performance conditions based on the Company's Total
Shareholder Return ('TSR') and Earnings Per Share ('EPS'), to be
measured over a 3 year performance period which commenced on 1
October 2017 and ended on 30 September 2020. The start and end
point of the Company's TSR performance by reference to the
comparator group was measured over the 5 days following the
announcement of the Company's annual results for the year ended 30
September 2017 and the year ended 30 September 2020. The Company's
EPS performance was measured by reference to the EPS in the 2017
and 2020 year end results.
The Remuneration Committee confirmed on 12 January 2021 that
100% of the 2017 Awards would vest. Messrs McDonald, Keveth and
Ingrey-Counter exercised their options on the vesting date.
The table below shows the number of related shares acquired by
Executive Directors and PDMRs, the number of shares sold to satisfy
the tax and national insurance/social security liabilities, any
additional shares sold; and the number of shares retained following
the sales.
Number Number of shares Additional Number of
of shares sold to satisfy shares sold shares retained
acquired tax and national post sale
for nil insurance/social
cost security liabilities
Paul McDonald 26,511 12,461 0 14,050
----------- ---------------------- ------------- -----------------
Nicholas Keveth 20,325 9,553 5,000 5,772
----------- ---------------------- ------------- -----------------
Miles Ingrey-Counter 11,877 5,583 3,147 3,147
----------- ---------------------- ------------- -----------------
James Wilcox 13,447 5,133 4,000 4,314
----------- ---------------------- ------------- -----------------
The following notification is intended to satisfy the Company's
obligations under Article 19 of the Market Abuse Regulation.
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name 1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) James Wilcox
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position / status 1) Chief Executive Officer
2) Chief Financial Officer
3) Company Secretary
4) President - Military
--------------------------- --------------------------------------
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 of Ordinary GBP1 shares in Avon Rubber
the p.l.c.
financial instrument
and ISIN Code GB0000667013
--------------------------- --------------------------------------
b) Nature of the Shares acquired on the exercise
transaction of nil cost options and conditional
awards pursuant to the vesting of
2017 Awards made under the Avon
Rubber p.l.c. Performance Share
Plan 2010
--------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1) Nil 1) 26,511
2) Nil 2) 20,325
3) Nil 3) 11,877
4) Nil 4) 13,447
----------------
--------------------------- --------------------------------------
d) Aggregated Information
* Aggregated volume 72,160
Nil
Nil
* Aggregated price
* Aggregated total
--------------------------- --------------------------------------
e) Date of the All occurred on 2021-01-12
transactions
--------------------------- --------------------------------------
f) Place of the Outside of a trading venue.
transaction
--------------------------- --------------------------------------
1 Details of person discharging managerial responsibilities/person
closely associated
a) Name 1) Nicholas Keveth
2) Miles Ingrey-Counter
3) James Wilcox
------------------------- -------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position / status 1) Chief Financial Officer
2) Company Secretary
3) President - Military
------------------------- -------------------------------------------
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 of Ordinary GBP1 shares in Avon Rubber
the p.l.c.
financial instrument
and ISIN Code GB0000667013
------------------------- -------------------------------------------
b) Nature of the Disposal of shares
transaction
------------------------- -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1) GBP 35.017271 1) 5,000
2) GBP 35.017271 2) 3,147
3) GBP 35.017271 3) 4,000
---------------
------------------------- -------------------------------------------
d) Aggregated Information 12,147
* Aggregated volume GBP 35.017271
GBP 425,354.79
* Aggregated price
* Aggregated total
------------------------- -------------------------------------------
e) Date of the All occurred on 2021-01-13
transactions
------------------------- -------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------- -------------------------------------------
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the
Market Abuse Regulation.
Contact Information:
Avon Rubber p.l.c.
Miles Ingrey-Counter, Company Secretary 01225 896850
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END
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