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AVATION PLC — Director's Dealing 2020
Mar 26, 2020
4886_dirs_2020-03-26_18651fa4-75e4-460f-bd67-e7678dd8cfd3.html
Director's Dealing
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RNS Number : 7532H
Avast PLC
26 March 2020
Avast Plc
(the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
26 March 2020
Grant of Performance Stock Units under Avast Plc Long Term Incentive Plan 2018
The following PDMRs have been granted Performance Stock Units over ordinary shares of 10 p each in the capital of the Company under the Avast plc Long Term Incentive Plan 2018.
| Name | Position | Total Number of PSU granted |
| Ondrej Vlcek | Chief Executive Officer | 585,284 |
| Philip Marshall | Chief Financial Officer | 451,505 |
The PSUs will vest on (i) 26 February 2023, or following issuance of 2022 audited financial statements, whichever occurs last, subject to the satisfaction of performance conditions. The information below is provided in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation No. 596/2014.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
ONDREJ VLCEK
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
GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 26 FEBRUARY 2023 OR II) FOLLOWING ISSUANCE OF 2022 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; SUBJECT TO THE BOARD DETERMINING THAT THE PERFORMANCE CONDITIONS (AND ANY OTHER CONDITION IMPOSED ON THE VESTING OF THE AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH THE RULES.
c)
Price(s) and volume(s)
| Award Type | Price(s) | Volume(s) |
| PSU | GBP 0.00 | 585,284 |
d)
Aggregated information
- Aggregated volume - Price
| Aggregated volume: 585,284 |
| Aggregated price: GBP 0 |
e)
Date of the transaction
26 February 2020
f)
Place of the transaction
OUTSIDE A TRADING VENUE
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
PHILIP MARSHALL
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
GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 26 FEBRUARY 2023, OR II) FOLLOWING ISSUANCE OF 2022 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; SUBJECT TO THE BOARD DETERMININGTHAT THE PERFORMANCE CONDITIONS (AND ANY OTHER CONDITION IMPOSED ON THE VESTING OF THE AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH THE RULES.
c)
Price(s) and volume(s)
| Award Type | Price(s) | Volume(s) |
| PSU | GBP 0.00 | 451,505 |
d)
Aggregated information
- Aggregated volume - Price
| Aggregated volume: 451,505 |
| Aggregated price: GBP 0 |
e)
Date of the transaction
26 February 2020
f)
Place of the transaction
OUTSIDE A TRADING VENUE
Alan Rassaby
Company Secretary
Avast Plc.
LEI Number: 213800IR8G8LC2H4BO27
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 [email protected] or visit www.rns.com.
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