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AVON PROTECTION PLC — Director's Dealing 2019
Mar 21, 2019
4610_dirs_2019-03-21_35716b86-6909-4dce-ae87-543874c7b933.html
Director's Dealing
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RNS Number : 6354T
Avon Rubber PLC
21 March 2019
NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE PLAN
AVON RUBBER P.L.C.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 20 March 2019 the following awards over ordinary shares of £1 each in Avon Rubber p.l.c. were granted under the Avon Rubber p.l.c. Long Term Incentive Plan to the following person(s) discharging managerial responsibilities:
| PDMR | No. of shares under Award |
| Paul McDonald | 38,599 |
| Nick Keveth | 26,722 |
| Miles Ingrey-Counter | 11,718 |
| Craig Sage | 10,413 |
| James Wilcox | 12,353 |
The awards were granted as a nil cost option for the four UK resident PDMRs and a conditional award for James Wilcox, who is resident in the US. The nil cost option awards will ordinarily become exercisable and the conditional awards will ordinarily vest on 1 December 2021, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.
Each award is subject to two performance conditions (each applicable to a distinct 50% of an award) measured over a period of three financial years, starting with the 2019 financial year. The first performance condition compares the Company's total shareholder return to the total shareholder return of a comparator group of companies consisting of the FTSE All-Share Index. The second performance condition measures compound average annual growth in the Company's earnings per share over the period of three financial years, starting with the 2019 financial year.
Fuller details of the performance condition applicable to the awards shall are set out in the Company's Directors' Remuneration Report for the year ending 30 September 2018.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
Details of the full notifications received by the Company are set out below.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul McDonald
2
Reason for Notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avon Rubber p.l.c.
b)
LEI
213800JM1AN62REBWA71
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
Identification code
Ordinary Shares of £1 each in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the transaction
Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 38,599 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nick Keveth
2
Reason for Notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avon Rubber p.l.c.
b)
LEI
213800JM1AN62REBWA71
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
Identification code
Ordinary Shares of £1 each in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the transaction
Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 26,722 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Miles Ingrey-Counter
2
Reason for Notification
a)
Position/status
Company Secretary
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avon Rubber p.l.c.
b)
LEI
213800JM1AN62REBWA71
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
Identification code
Ordinary Shares of £1 each in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the transaction
Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 11,718 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Craig Sage
2
Reason for Notification
a)
Position/status
Divisional Head - Dairy
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avon Rubber p.l.c.
b)
LEI
213800JM1AN62REBWA71
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
Identification code
Ordinary Shares of £1 each in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the transaction
Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 10,413 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 March 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Wilcox
2
Reason for Notification
a)
Position/status
Divisional head - Military
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Avon Rubber p.l.c.
b)
LEI
213800JM1AN62REBWA71
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
Identification code
Ordinary Shares of £1 each in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the transaction
Grant of a conditional award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 12,353 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 March 2019
f)
Place of the transaction
Outside a trading venue
Enquiries:
Avon Rubber p.l.c.
Miles Ingrey-Counter, Company Secretary 01225 896 850
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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