Grant of Awards - Employee Sh

RNS Number : 6677I

Avon Rubber PLC

16 March 2010

 



16 March 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")

Following approval of the Company's Performance Share Plan 2010 at the annual general meeting on 2 March 2010, the Company announces that on 15 March 2010 joint ownership awards, nil cost options and conditional awards of shares ("PSP Awards") were granted under the 2010 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 2009 to 30 September 2012.

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 2009, which was 95.6 pence. This reflects a 17.3% premium over the Company's closing share price of 81.5p for the dealing day falling immediately prior to 15 March.

Name of Director/PDMR	Number of PSP Awards
Peter Slabbert	230,126
Andrew Lewis	112,971
Miles Ingrey-Counter	56,485
Matthew Evans	65,900
Paul McDonald	53,347
Michael Harral	44,561
Michael Hamner	53,867
Gary Dunn	62,813

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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