Source - RNS
RNS Number : 9076L
Avon Rubber PLC
06 October 2016
 

RNS Number:9076L
Avon Rubber p.l.c.
6 October 2016

 

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 06 October 2016 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 05 October 2016 on behalf of the Company's executive directors and persons discharging managerial responsibilities pursuant to the Company's Share Incentive Plan (SIP).

The SIP is an all-employee share plan arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company using deductions from salary in each monthly pay period. 

 

 

Number of Partnership Shares acquired under the SIP

Percentage of issued share capital acquired

Price Per Share

Beneficial Interest in shares following this notification

Percentage of issued share capital

Executive Directors

 

 

 

 

Andrew Lewis

15

0.00005

£10.32

60,161

0.194

PDMRs

 

 

 

 

 

Miles Ingrey-Counter

15

0.00005

£10.32

18,590

0.060

Sarah Matthews-DeMers

15

0.00005

£10.32

4,373

0.014

 

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.

 

 

 

 

 

                                                     


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