Director/PDMR Shareholding

RNS Number : 1017E

Avon Protection PLC

09 March 2022

 

Avon Protection plc

9 March 2022

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE LTIP

AVON PROTECTION PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 8 March 2022 an award over ordinary shares of 1 each in Avon Protection plc was granted under the Avon Rubber p.l.c. Long Term Incentive Plan ('LTIP') to the Chief Financial Officer Designate as set out below:

PDMR	Position	Country of residence	No. of shares under Award
Rich Cashin	Chief Financial Officer Designate	UK	32,686

The award was granted as a nil cost option and will ordinarily become exercisable on 8 March 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the performance conditions applicable to the awards are satisfied.  The award is subject to the same performance conditions that apply to the awards made to PDMRs on 1 February 2022.  

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rich Cashin
2	Reason for Notification
a)	Position/status	Chief Financial Officer Designate
b)	Initial notification/Amendment	Initial Announcement
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, type of instrument Identification code	Ordinary Shares of £1 each in Avon Protection plc GB0000667013
b)	Nature of the transaction	Grant of a nil cost option award under the Avon Rubber p.l.c. Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 32,686
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	8 March 2022
f)	Place of the transaction	Outside a trading venue

Enquiries: 

Avon Protection plc

Miles Ingrey-Counter, Company Secretary  01225 896 850 

 

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