Director/PDMR Shareholding

RNS Number : 3783W

Avon Protection PLC

21 December 2021

 

21 December 2021

Avon Protection plc ("the Company")

Directors' and PDMRs' Interest in Shares

As previously disclosed, awards were granted under the Company's Long Term Incentive Plan to Executive Directors, persons discharging managerial responsibilities ('PDMRs') and other employees (together 'Participants') on 20^th March 2019 ('the Awards').   

As disclosed in our Annual Report, 50% performance vesting resulted further to the assessment of performance against the Award's performance conditions.

Each of the Participants exercised their options (or had their awards settled, as relevant) on the vesting date. 

The table below shows the number of related shares acquired by Executive Directors and PDMRs, the number of shares sold to satisfy the tax and national insurance/social security liabilities, and the number of shares retained following the sales.

	Number of shares acquired for nil cost (including those added in respect of dividend equivalent)	Number of shares sold to satisfy tax and national insurance/social security liabilities	Number of shares retained post sale
Paul McDonald	19,720	9,269	10,451
Nicholas Keveth	13,652	6,417	7,235
Miles Ingrey-Counter	5,986	2,814	3,172
James Wilcox	6,310	2,409	3,901
David Mack	2,895	859	2,036

The following notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulation. 

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	1)  Paul McDonald 2)  Nicholas Keveth 3)  Miles Ingrey-Counter 4)  James Wilcox 5)  David Mack
2	Reason for the notification
a)	Position / status	1)  Chief Executive Officer 2)  Chief Financial Officer 3)  Company Secretary 4)  President - Military 5)  President - First Responder
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Protection plc
b)	LEI	213800JM1AN62REBWA71
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
a)	Description of the financial instrument and ISIN Code	Ordinary £1 shares in Avon Protection plc GB0000667013
b)	Nature of the transaction	Shares acquired on the exercise of nil cost options and settlement of conditional awards pursuant to the vesting of Awards made under the Avon Rubber Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1)  Nil 2)  Nil 3)  Nil 4)  Nil 5)  Nil 1)  19,720 2)  13,652 3)  5,986 4)  6,310 5)  2,895
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	48,563 Nil Nil
e)	Date of the transactions	All occurred on 2021-12-20
f)	Place of the transaction	Outside of a trading venue.

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	1)  Paul McDonald 2)  Nicholas Keveth 3)  Miles Ingrey-Counter 4)  James Wilcox 5)  David Mack
2	Reason for the notification
a)	Position / status	1)  Chief Executive Officer 2)  Chief Financial Officer 3)  Company Secretary 4)  President - Military 5)  President - First Responder
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Protection plc
b)	LEI	213800JM1AN62REBWA71
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
a)	Description of the financial instrument and ISIN Code	Ordinary £1 shares in Avon Protection plc GB0000667013
b)	Nature of the transaction	Disposals to cover tax liability
c)	Price(s) and volume(s)	Price(s) Volume(s) 1)  GBP 11.57 2)  GBP 11.57 3)  GBP 11.57 4)  GBP 11.57 5)  GBP 11.57 1)  9,269 2)  6,417 3)  2,814 4)  2,409 5)  859
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	21,768 GBP 11.57 GBP 251,855.76
e)	Date of the transactions	All occurred on 2021-12-20
f)	Place of the transaction	London Stock Exchange (XLON)

LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

Contact Information:

Avon Protection plc

Miles Ingrey-Counter, Company Secretary

01225 896850

 

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