Director/PDMR Shareholding - SIP

RNS Number : 6591G

Avon Rubber PLC

10 June 2013

 



Avon Rubber p.l.c
10 June 2013

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 5 June 2013 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Killik & Co Trustees Limited on 5 June 2013 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
Peter Slabbert	27	0.0001	£4.59	167,036	0.544
Andrew Lewis	27	0.0001	£4.59	100,416	0.327
PDMRs
Miles Ingrey-Counter	27	0.0001	£4.59	34,332	0.112

The figure reported since December 2012 for Mr Ingrey-Counter's beneficial interest in shares was incorrect by 1,000 shares and has been corrected in the figure above.    

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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