Director/PDMR Shareholding

RNS Number : 6365Y

Avon Rubber PLC

02 December 2014

 

2 December 2014

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 1 December 2014 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 2014 to 30 September 2017.

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 2014, which was 720.2 pence. The awards are also subject to an earnings per share performance target.

Name of Director/PDMR	Number of PSP Awards
Peter Slabbert	45,821
Andrew Lewis	34,990
Miles Ingrey-Counter	15,329
John Kime	19,068
Paul McDonald	16,440

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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