Director/PDMR Shareholding

RNS Number : 1652N

Avon Protection PLC

18 January 2023

 

Avon Protection plc

18 January 2023

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 18 January 2023 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 Executive Officer, as set out below:  

PDMR	Position	Country of residence	No. of shares under Award
Jos Sclater	Chief Executive Officer	UK	84,607

The award was granted as a nil cost option and will ordinarily become exercisable on 18 January 2026, 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 21 December 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	Jos Sclater
2	Reason for Notification
a)	Position/status	Chief Executive Officer
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 84,607
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	18 January 2023
f)	Place of the transaction	Outside a trading venue

Enquiries: 

Avon Protection plc

Miles Ingrey-Counter, Company Secretary  01225 896 850 

 

END

 

 

DSHZVLFFXFLXBBV