Director/PDMR Shareholding

RNS Number : 8473U

Avon Rubber PLC

05 December 2013

 



5 December 2013

Grant of Awards - Employee Share Plans

Avon Rubber p.l.c. ("the Company")

Announcement of transaction in ordinary shares of £1 each (the "Shares")

The Company announces that on 5 December 2013 joint ownership awards, nil cost options and conditional awards of shares ('PSP Awards') were granted under the 2010 Performance Share Plan to Directors of the Company and persons discharging managerial responsibility ('PDMRs'), as listed below.

The performance period applicable to the PSP Awards is 1 October 2013 to 30 September 2016.

The number of shares placed under award and the start price against which the Total Shareholder Return performance target will be measured over the 3 year performance period is the average price of the Company's shares over the 5 days following announcement of the Company's annual results for the year ended 30 September 2013, which was 579.7 pence. The awards are also subject to an earnings per share performance target.

Name of Director/PDMR	Number of PSP Awards
Peter Slabbert	56,926
Andrew Lewis	43,471
Miles Ingrey-Counter	19,044
John Kime	23,057
Paul McDonald	20,424

The transaction took place at Hampton Park West, Semington Road, Melksham, Wiltshire, SN12 6NB.

This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.

Contact Information:

Peter Slabbert, Chief Executive		01225 896870
Andrew Lewis, Group Finance Director Miles Ingrey-Counter, Company Secretary		01225 896830 01225 896850

 

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