15th Oct 2021 16:56
Avast plc
(the "Company")
SHAREHOLDING OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR)
15 October 2021
Avast plc notifies the London Stock Exchange (LSE) of PDMR interests in securities of Avast plc.
Vesting of Performance Stock Units (PSUs) under Avast plc Long Term Incentive Plan 2018 (LTIP)
On 19 June 2018, the Company made a grant of PSUs over ordinary shares of 10p each to the Chief Executive Officer under the LTIP, which vested on 11 August 2021 and were allotted on 23 September 2021. The Chief Executive Officer is required to retain the PSU shares released (after any sales to discharge tax liabilities) for a two-year holding period following the vesting.
The following table sets out the number of shares released to the Chief Executive Officer on 23 September:
Name of PDMR | Position | PSUs vesting (PSU shares) | Dividend Equivalent shares | Total number of shares received |
Ondrej Vlcek | Chief Executive Officer | 362,339 | 19,562 | 381,901 |
The information below is provided in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation No. 596/2014.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Ondrej Vlcek | ||||||
2 | Reason for the notification | |||||||
a) | Position / status | CEO | ||||||
b) | Initial notification / Amendment | Initial Notification | ||||||
3 | Details of the issuer | |||||||
a) | Name | Avast plc | ||||||
b) | LEI | 213800IR8G8LCZH4BO27 | ||||||
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: GB00BDD85M8)
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b) | Nature of the transaction | Vesting of Performance Stock Units (PSUs) over shares under the Avast plc Long Term Incentive Plan 2018. | ||||||
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 | 23 September 2021 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Trudy Cooke
Company Secretary
Avast plc
LEI: 213800IR8G8LCZH4BO27
Related Shares:
AVST.L