Directors'/PDMR Shareholdings

RNS Number : 5459E

Avon Rubber PLC

06 November 2020

 

6 November 2020

Avon Rubber p.l.c.

('the Company')

Directors'/PDMR Shareholdings

Share Incentive Plan

The Company was notified on 5 November 2020 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 5 November 2020 on behalf of two of the Company's persons discharging managerial responsibilities ('PDMR') 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.

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 the requirements of the EU Market Abuse Regulation.

The information contained in the below notifications are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	Nicholas Keveth
2	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Rubber p.l.c.
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 and ISIN Code	Ordinary £1 shares in Avon Rubber p.l.c. GB0000667013
b)	Nature of the transaction	Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 42.45 3
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	3 GBP 42.45 GBP 127.35
e)	Date of the transaction	2020-11-05
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	Miles Ingrey-Counter
2	Reason for the notification
a)	Position / status	Company Secretary
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Avon Rubber p.l.c.
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 and ISIN Code	Ordinary £1 shares in Avon Rubber p.l.c. GB0000667013
b)	Nature of the transaction	Acquisition of shares in accordance with Avon's share incentive plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 42.45 4
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	4 GBP 42.45 GBP 169.80
e)	Date of the transaction	2020-11-05
f)	Place of the transaction	London Stock Exchange (XLON)

LEI: 213800JM1AN62REBWA71
Classification: Transactions by PDMRs under article 19 of the Market Abuse Regulation.

 

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