Director/PDMR Shareholding

RNS Number : 1251X

Avon Rubber PLC

07 January 2014

 

Avon Rubber p.l.c
7 January 2014

Avon Rubber p.l.c.

Directors'/PDMR Shareholdings - SIP

Avon Rubber p.l.c. was notified on 6 January 2014 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Killik & Co Trustees Limited on 6 January 2014 on behalf of the Company's executive directors and 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. 

	Number of Partnership Shares acquired under the SIP	Percentage of issued share capital acquired	Price Per Share	Beneficial Interest in shares following this notification	Percentage of issued share capital
Executive Directors
Peter Slabbert	21	0.0001	£5.90975	202,470	0.653
Andrew Lewis	21	0.0001	£5.90975	120,935	0.390
PDMRs
Miles Ingrey-Counter	21	0.0001	£5.90975	40,083	0.129

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 Disclosure and Transparency Rule 3.1.2.

 

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