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Director/PDMR Shareholding

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By LSE RNS

RNS Number : 7412Y
Avon Rubber PLC
07 March 2017
 

RNS Number:
Avon Rubber p.l.c.

7 March 2017

 

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 06 March 2017 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 06 March 2017 on behalf of two of the Company's 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. 

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 the EU Market Abuse Regulation.

 

a)   

1.   

Details of PDMR

a)   

Name

Miles Ingrey-Counter

b)   

Position / status

Company Secretary

c)   

Initial notification /

amendment

Initial notification

 

2.   

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.

 

 

c)   

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 9.7482

16

d)   

Aggregated

information

Aggregated volume

Price

GBP 155.97

 

 

e)   

Date of the

transaction

2017-03-06

f)    

Place of the

transaction

London Stock Exchange

 

 

a)   

3.   

Details of PDMR

d)   

Name

Craig Sage

e)   

Position / status

Divisional Head - Dairy

f)    

Initial notification /

amendment

Initial notification

 

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

g)   

Description of the

financial instrument

and ISIN Code

Ordinary £1 shares in Avon Rubber p.l.c.

 

GB0000667013

h)   

Nature of the

transaction

Acquisition of shares in accordance with Avon's share incentive plan.

 

 

i)    

Price(s) and

volume(s)

 

Price(s)

Volume(s)

GBP 9.7482

16

j)    

Aggregated

information

Aggregated volume

Price

GBP 155.97

 

 

k)   

Date of the

transaction

2017-03-06

l)    

Place of the

transaction

London Stock Exchange

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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