AVON PROTECTION PLC — Director's Dealing 2016

Jan 21, 2016

National Storage Mechanism | Additional information

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RNS Number : 6417M

Avon Rubber PLC

21 January 2016

RNS Number:6417M

Avon Rubber p.l.c

21 January 2016

Avon Rubber p.l.c. (the Company)

Directors'/PDMR Shareholdings - ESPP

Avon Rubber p.l.c. was notified on 20 January 2016 that the following PDMR acquired shares under the Avon Rubber Employee Stock Purchase Plan (ESPP).  

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

	Number of Shares acquired under the ESPP	Percentage of issued share capital acquired	Price Per Share	Beneficial Interest in shares following this notification	Percentage of issued share capital
PDMR
John Kime	245	0.0008	£10.00	22,112	0.07%

Section 85(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than €5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and Disclosure and Transparency Rule 3.1.2.

This information is provided by RNS

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