Avast plc
(the "Company")
SHAREHOLDINGS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs)
24 March 2021
Avast plc notifies the London Stock Exchange (LSE) of PDMR interests in securities of Avast plc.
Grant of Award of Performance Stock Units (PSUs) under Avast plc Long Term Incentive Plan 2018 (LTIP)
On 22 March 2021, the following PDMRs were granted an award of PSUs over ordinary shares of 10p each in the capital of the Company under the LTIP.
| Security | Name of PDMR | Position | Total number of PSUs |
| Avast plc | Ondrej Vlcek | Chief Executive Officer | 544,788 |
| Avast plc | Philip Marshall | Chief Financial Officer | 420,265 |
An award of PSUs under the LTIP provides participants with the conditional right to receive Avast plc shares, subject to performance conditions.
The PSUs granted on 22 March 2021 will vest on 22 March 2024, being the third anniversary of the grant, subject to two performance conditions. One half of the award is subject to Diluted Adjusted EPS Growth and the remaining half is subject to Adjusted Revenue Growth, each over a three-year performance period ending on 31 December 2023.
The information below is provided in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation No. 596/2014.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Ondrej Vlcek | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position / status | CEO | ||||||
| b) | Initial notification / Amendment | Initial Notification | ||||||
| 3 | Details of the issuer | |||||||
| a) | Name | Avast plc | ||||||
| b) | LEI | 213800IR8G8LCZH4BO27 | ||||||
| 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 | Ordinary shares of GBP 0.10 each in Avast plc (ISIN: GB00BDD85M8)
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| b) | Nature of the transaction | Grant of Performance Stock Units (PSUs) over shares under the Avast plc Long Term Incentive Plan 2018. | ||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
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| e) | Date of the transaction | 22 March 2021 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Philip Marshall | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position / status | CFO | ||||||
| b) | Initial notification / Amendment | Initial Notification | ||||||
| 3 | Details of the issuer | |||||||
| a) | Name | Avast plc | ||||||
| b) | LEI | 213800IR8G8LCZH4BO27 | ||||||
| 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 | Ordinary shares of GBP 0.10 each in Avast plc (ISIN: GB00BDD85M8)
| ||||||
| b) | Nature of the transaction | Grant of Performance Stock Units over shares under the Avast plc Long Term Incentive Plan 2018. | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 22 March 2021 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
Trudy Cooke
Company Secretary
Avast plc
LEI: 213800IR8G8LCZH4BO27
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