Director/PDMR Shareholding

RNS Number : 6594T

Avon Rubber PLC

09 January 2017

 

RNS Number:
Avon Rubber p.l.c.
9 January 2017

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 06 January 2017 that the following purchase of Avon Rubber p.l.c. ordinary shares was made by Equiniti Share Plan Trustees Limited on 05 January 2017 on behalf of one 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 notification is 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 10.375	15
d)	Aggregated information Aggregated volume Price	GBP 155.63
e)	Date of the transaction	2017-01-05
f)	Place of the transaction	London Stock Exchange

 

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