30th Aug 2018 16:51
Avast plc(the "Company")
30 August 2018
Director/PDMR Shareholding
The Company received notification on 29 August 2018 from Vincent Steckler (CEO of the Company) of his donation for no consideration of 321,502 ordinary shares in the Company to the University of California, Irvine Foundation. Mr Steckler is an alumnus of the University of California, Irvine.
Following the donation, Mr Steckler is interested in 31,329,910 ordinary shares in the Company (excluding awards or options under employee share schemes) representing 3.29% of the Company's issued share capital.
On 10 May 2018, in connection with the Company's initial public offering, the Company, UBS Limited ("UBS"), Morgan Stanley & Co. International plc ("MS", and together with UBS, the "Joint Global Co-ordinators") and certain other parties, entered into an underwriting agreement. Under the terms of such underwriting agreement, Mr Steckler and certain other directors and shareholders agreed that, subject to certain exceptions, during the period of 360 days following admission of the Company's shares to trading on the London Stock Exchange, he would not, without the prior written consent of the Joint Global Co-ordinators dispose of any ordinary shares in the Company. The Joint Global Co-ordinators have given their prior written approval to the disposal by Mr Steckler described above.
The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to this transaction is set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | VINCENT STECKLER | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | EXECUTIVE DIRECTOR | ||||||
b) | Initial notification /Amendment | INITIAL NOTIFICATION | ||||||
3 | Details of the issuer | |||||||
a) | Name | Avast plc | ||||||
b) | LEI | 213800IR8G8LC2H4BO27 | ||||||
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 | ORDINARY SHARES OF GBP 0.10 EACH IN AVAST PLC (ISIN: GB00BDD85M81)
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b) | Nature of the transaction | DONATION TO THE UNIVERSITY OF CALIFORNIA, IRVINE FOUNDATION
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 29 August 2018 | ||||||
f) | Place of the transaction | LONDON STOCK EXCHANGE (XLON)
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Alan Rassaby
Company secretary
Related Shares:
AVST.L