Avon Protection PLC Director/PDMR Shareholding (1652N)
January 18 2023 - 10:00AM
UK Regulatory
TIDMAVON
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 GBP1 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 No. of shares under
of residence 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 Ordinary Shares of GBP1 each in Avon
instrument, type of Protection plc
instrument
GB0000667013
Identification code
------------------------------- --------------------------------------------
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 Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
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
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END
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