AVATION PLC — Director's Dealing 2018

Aug 30, 2018

National Storage Mechanism | Additional information

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RNS Number : 3200Z

Avast PLC

30 August 2018

Avast plc

(the "Company")

30 August 2018

Director/PDMR Shareholding

The Company received notification on 29 August 2018 from Vincent Steckler (CEO of the Company) of his donation for no consideration of 321,502 ordinary shares in the Company to the University of California, Irvine Foundation.  Mr Steckler is an alumnus of the University of California, Irvine.

Following the donation, Mr Steckler is interested in 31,329,910 ordinary shares in the Company (excluding awards or options under employee share schemes) representing 3.29% of the Company's issued share capital.

On 10 May 2018, in connection with the Company's initial public offering, the Company, UBS Limited ("UBS"), Morgan Stanley & Co. International plc ("MS", and together with UBS, the "Joint Global Co-ordinators") and certain other parties, entered into an underwriting agreement. Under the terms of such underwriting agreement, Mr Steckler and certain other directors and shareholders agreed that, subject to certain exceptions, during the period of 360 days following admission of the Company's shares to trading on the London Stock Exchange, he would not, without the prior written consent of the Joint Global Co-ordinators dispose of any ordinary shares in the Company.  The Joint Global Co-ordinators have given their prior written approval to the disposal by Mr Steckler described above.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to this transaction is set out below:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

VINCENT STECKLER

2

Reason for the notification

a)

Position/status

EXECUTIVE DIRECTOR

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer

a)

Name

Avast plc

b)

LEI

213800IR8G8LC2H4BO27     

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 instrument, type of instrument

ORDINARY SHARES OF GBP 0.10 EACH IN AVAST PLC (ISIN: GB00BDD85M81)  

b)

Nature of the transaction

DONATION TO THE UNIVERSITY OF CALIFORNIA, IRVINE FOUNDATION

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	321,502

d)

Aggregated information

- Aggregated volume - Price

Aggregated volume: 321,502 ORDINARY SHARES
Aggregated price: GBP 0

e)

Date of the transaction

29 August 2018

f)

Place of the transaction

LONDON STOCK EXCHANGE (XLON)

Alan Rassaby

Company secretary

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.

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