Employee Share Plans

RNS Number : 3688X

Avon Rubber PLC

03 December 2010

 



3 December 2010                                                                                              

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 2010 joint ownership awards, nil cost options and conditional awards of shares ("PSP Awards") were granted under the 2010 Performance Share Plans to Directors of the Company and persons discharging managerial responsibility ("PDMRs"), as listed below. 

The performance period is applicable to the PSP Awards is 1 October 2010 to 30 September 2013. 

The number of shares placed under award and the start price against which performance of the share price 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 2010, which was 190.4 pence. 

Name of Director/PDMR	Number of PSP Awards
Peter Slabbert	123,424
Andrew Lewis	68,067
Miles Ingrey-Counter	30,725
John Klime	42,163
Matthew Evans	35,452
Paul McDonald	29,149
Michael Harral	27,574
Michael Hamner	30,994
Gary Dunn	37,037

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: Miles Ingrey-Counter, Company Secretary, on telephone [phone]

 

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