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AVON PROTECTION PLC Remuneration Information 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 9010L
Avon Rubber PLC
15 January 2021
15 January 2021
Avon Rubber p.l.c. ("the Company")
Directors' and PDMRs' Interest in Shares
As previously disclosed, awards were granted under the Company's Performance Share Plan to Executive Directors, persons discharging managerial responsibilities ('PDMRs') and other employees (together 'Participants') on 6 December 2017 ('the 2017 Awards').
The 2017 Awards were granted as nil cost option awards to UK participants and conditional awards to US participants. All awards were subject to performance conditions based on the Company's Total Shareholder Return ('TSR') and Earnings Per Share ('EPS'), to be measured over a 3 year performance period which commenced on 1 October 2017 and ended on 30 September 2020. The start and end point of the Company's TSR performance by reference to the comparator group was measured over the 5 days following the announcement of the Company's annual results for the year ended 30 September 2017 and the year ended 30 September 2020. The Company's EPS performance was measured by reference to the EPS in the 2017 and 2020 year end results.
The Remuneration Committee confirmed on 12 January 2021 that 100% of the 2017 Awards would vest. Messrs McDonald, Keveth and Ingrey-Counter exercised their options on the vesting date.
The table below shows the number of related shares acquired by Executive Directors and PDMRs, the number of shares sold to satisfy the tax and national insurance/social security liabilities, any additional shares sold; and the number of shares retained following the sales.
| Number of shares acquired for nil cost | Number of shares sold to satisfy tax and national insurance/social security liabilities | Additional shares sold | Number of shares retained post sale | |
| Paul McDonald | 26,511 | 12,461 | 0 | 14,050 |
| Nicholas Keveth | 20,325 | 9,553 | 5,000 | 5,772 |
| Miles Ingrey-Counter | 11,877 | 5,583 | 3,147 | 3,147 |
| James Wilcox | 13,447 | 5,133 | 4,000 | 4,314 |
The following notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulation.
1
Details of person discharging managerial responsibilities/person closely associated
a)
Name
1) Paul McDonald
2) Nicholas Keveth
3) Miles Ingrey-Counter
4) James Wilcox
2
Reason for the notification
a)
Position / status
1) Chief Executive Officer
2) Chief Financial Officer
3) Company Secretary
4) President - Military
b)
Initial notification /
amendment
Initial notification
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
and ISIN Code
Ordinary £1 shares in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the
transaction
Shares acquired on the exercise of nil cost options and conditional awards pursuant to the vesting of 2017 Awards made under the Avon Rubber p.l.c. Performance Share Plan 2010
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 1) Nil 2) Nil 3) Nil 4) Nil |
1) 26,511 2) 20,325 3) 11,877 4) 13,447 |
d)
Aggregated Information
- Aggregated volume
- Aggregated price
- Aggregated total
72,160
Nil
Nil
e)
Date of the
transactions
All occurred on 2021-01-12
f)
Place of the
transaction
Outside of a trading venue.
1
Details of person discharging managerial responsibilities/person closely associated
a)
Name
1) Nicholas Keveth
2) Miles Ingrey-Counter
3) James Wilcox
2
Reason for the notification
a)
Position / status
1) Chief Financial Officer
2) Company Secretary
3) President - Military
b)
Initial notification /
amendment
Initial notification
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
and ISIN Code
Ordinary £1 shares in Avon Rubber p.l.c.
GB0000667013
b)
Nature of the
transaction
Disposal of shares
c)
Price(s) and
volume(s)
| Price(s) | Volume(s) |
| 1) GBP 35.017271 2) GBP 35.017271 3) GBP 35.017271 |
1) 5,000 2) 3,147 3) 4,000 |
d)
Aggregated Information
- Aggregated volume
- Aggregated price
- Aggregated total
12,147
GBP 35.017271
GBP 425,354.79
e)
Date of the
transactions
All occurred on 2021-01-13
f)
Place of the
transaction
London Stock Exchange (XLON)
LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.
Contact Information:
Avon Rubber p.l.c.
| Miles Ingrey-Counter, Company Secretary | 01225 896850 |
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