Directors'/PDMR Shareholdings

RNS Number : 4043S

Avon Rubber PLC

08 July 2020

 

8 July 2020

Avon Rubber p.l.c.

('the Company')

Directors'/PDMR Shareholdings

Share Incentive Plan

The Company was notified on 6 July 2020 that the following purchases of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 6 July 2020 on behalf of three 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.

Employee Stock Purchase Plan  

In addition, the Company was notified on 7 July 2020 that the below purchase of Avon Rubber p.l.c. ordinary shares were made by Equiniti Share Plan Trustees Limited on 6 July 2020 on behalf of James Wilcox, a PDMR under the Avon Rubber Employee Stock Purchase Plan (ESPP).  

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

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 33.25 4
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	4 GBP 33.25 GBP 133.00
e)	Date of the transaction	2020-07-06
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 33.25 4
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	4 GBP 33.25 GBP 133.00
e)	Date of the transaction	2020-07-06
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	Craig Sage
2	Reason for the notification
a)	Position / status	Divisional Head - Dairy
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 33.25 4
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	4 GBP 33.25 GBP 133.00
e)	Date of the transaction	2020-07-06
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of person discharging managerial responsibilities/person closely associated
a)	Name	James Wilcox
2	Reason for the notification
a)	Position / status	Divisional Head - Military
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 Employee Stock Purchase Plan. Transaction by PDMR under article 19 of the Market Abuse Regulation.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 34.55 81
d)	Aggregated Information -  Aggregated volume -  Aggregated price -  Aggregated total	81 GBP 34.55 GBP 2,798.55
e)	Date of the transaction	2020-07-06
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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