8th Sep 2006 09:23
Avon Rubber PLC08 September 2006 RIS Announcement - Lapse of awards Avon Rubber plc ("the Company"): Employee Share Plans - Announcement of transaction in ordinary shares of £1 each (the "Shares"). The Company announces that on 7 September 2006, nil-cost options over Shares(the "Options") and a nil-cost conditional award of shares (the "ConditionalAward") granted under the Company's Performance Share Plan to Leland Richardsand Janine Jones, formerly persons discharging managerial responsibility("PDMRs"), as listed below, lapsed following acceptance of the relinquishment ofsuch options by the Remuneration Committee of the Company. The relinquishment ofthe options took place in accordance of the terms of a Warranty Deed enteredinto, inter alia, by Mr Richards and Ms Jones in favour of the Company dated 19May 2006, as described in the circular to shareholders published by the Companyon 25 May 2006. The awards were granted on the date shown below at nil-cost. Number of SharesName of Director/PDMR Date of grant subject to the Option Janine Jones 15 December 2003 23,724 16 December 2004 27,995 15 December 2005 16,174 Leland J Richards 15 December 2003 46,365 16 December 2004 59,573 15 December 2005 63,712* *Conditional award The transaction took place at Hampton Park West, Semington Road, Melksham,Wiltshire SN12 6NB. This announcement is made pursuant to Disclosure Rule 3.1.4 followingnotifications under both section 324 Companies Act 1985 and Disclosure Rule3.1.2. Contact: Peter Fairbairn, Company Secretary, on telephone 01225 896860 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Avon Protection