Source - RNS
RNS Number : 3423C
Avon Rubber PLC
07 February 2020
 

7 February 2020

 

Avon Rubber p.l.c.

('the Company')

Directors'/PDMR Shareholdings

Share Incentive Plan

The Company was notified on 5 February 2020 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 February 2020 on behalf of three of the Company's persons discharging managerial responsibilities ('PDMR') 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.

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 the requirements of the EU Market Abuse Regulation.

The information contained in the below notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

 

1

Details of person discharging managerial responsibilities/person closely associated

a)    

Name

Nicholas Keveth

2

Reason for the notification

a)    

Position / status

Chief Financial Officer

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

Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.

 

 

c)    

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 26.100

6

d)   

Aggregated Information

-  Aggregated volume

-  Aggregated price

-  Aggregated total

 

 

6

GBP 26.100

GBP 156.60

e)   

Date of the

transaction

2020-02-05

 

f)    

Place of the

transaction

London Stock Exchange (XLON)

 

 

1

Details of person discharging managerial responsibilities/person closely associated

a)    

Name

Miles Ingrey-Counter

2

Reason for the notification

a)    

Position / status

Company Secretary

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

Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.

 

c)    

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 26.100

6

d)   

Aggregated Information

-  Aggregated volume

-  Aggregated price

-  Aggregated total

 

 

6

GBP 26.100

GBP 156.60

e)   

Date of the

transaction

2020-02-05

 

f)    

Place of the

transaction

London Stock Exchange (XLON)

 

 

1

Details of person discharging managerial responsibilities/person closely associated

a)    

Name

Craig Sage

2

Reason for the notification

a)    

Position / status

Divisional Head - Dairy

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

Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.

 

 

c)    

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 26.100

6

d)   

Aggregated Information

-  Aggregated volume

-  Aggregated price

-  Aggregated total

 

 

6

GBP 26.100

GBP 156.60

e)   

Date of the

transaction

2020-02-05

 

f)    

Place of the

transaction

London Stock Exchange (XLON)

 

LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.


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