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AVON PROTECTION PLC — Director's Dealing 2013
Dec 5, 2013
4610_dirs_2013-12-05_9fe84435-1205-4a34-8b23-9ae4062e7742.html
Director's Dealing
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RNS Number : 8473U
Avon Rubber PLC
05 December 2013
5 December 2013
Grant of Awards - Employee Share Plans
Avon Rubber p.l.c. ("the Company")
Announcement of transaction in ordinary shares of £1 each (the "Shares")
The Company announces that on 5 December 2013 joint ownership awards, nil cost options and conditional awards of shares ('PSP Awards') were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ('PDMRs'), as listed below.
The performance period applicable to the PSP Awards is 1 October 2013 to 30 September 2016.
The number of shares placed under award and the start price against which the Total Shareholder Return performance target will be measured over the 3 year performance period is the average price of the Company's shares over the 5 days following announcement of the Company's annual results for the year ended 30 September 2013, which was 579.7 pence. The awards are also subject to an earnings per share performance target.
| Name of Director/PDMR | Number of PSP Awards |
| Peter Slabbert | 56,926 |
| Andrew Lewis | 43,471 |
| Miles Ingrey-Counter | 19,044 |
| John Kime | 23,057 |
| Paul McDonald | 20,424 |
The transaction took place at Hampton Park West, Semington Road, Melksham, Wiltshire, SN12 6NB.
This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.
Contact Information:
| Peter Slabbert, Chief Executive | 01225 896870 | |
| Andrew Lewis, Group Finance Director Miles Ingrey-Counter, Company Secretary |
01225 896830 01225 896850 |
|
This information is provided by RNS
The company news service from the London Stock Exchange
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