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AVATION PLC — Remuneration Information 2019
Mar 18, 2019
4886_dirs_2019-03-18_f146bc43-9b18-4fd9-971b-33b5a9acb3df.html
Remuneration Information
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RNS Number : 2097T
Avast PLC
18 March 2019
Avast Plc
(the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
18 March 2019
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 |
| Philip Marshall | Chief Financial Officer | 468,535 |
| Ondrej Vlcek | Chief Technology Officer | 401,602 |
The PSUs will vest on i) 13 March 2022 or ii) following issuance of 2021 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
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) 13 MARCH 2022 OR II) FOLLOWING ISSUANCE OF 2021 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST, SUBJECT TO THE SATISFACTION OF PERFORMANCE CONDITIONS.
c)
Price(s) and volume(s)
| Award Type | Price(s) | Volume(s) |
| PSU | GBP 0.00 | 468,535 |
d)
Aggregated information
- Aggregated volume - Price
| Aggregated volume: N/A |
| Aggregated price: GBP 0 |
e)
Date of the transaction
14 MARCH 2019
f)
Place of the transaction
OUTSIDE OF TRADING VENUE
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) 13 MARCH 2022 OR II) FOLLOWING ISSUANCE OF 2021 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST, SUBJECT TO THE SATISFACTION OF PERFORMANCE CONDITIONS.
c)
Price(s) and volume(s)
| Award Type | Price(s) | Volume(s) |
| PSU | GBP 0.00 | 401,602 |
d)
Aggregated information
- Aggregated volume - Price
| Aggregated volume: N/A |
| Aggregated price: GBP 0 |
e)
Date of the transaction
14 MARCH 2019
f)
Place of the transaction
OUTSIDE OF TRADING VENUE
Alan Rassaby
Company Secretary
Avast Plc.
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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