8th Apr 2020 09:10
This announcement amends and replaces the announcement of 'Director/PDMR Shareholding' made by the Company on 26 March 2020 at 14:41GMT, issued under RNS number 7532H. The numbers of granted performance stock units disclosed in the previous announcement were incorrect as they reflected provisional figures which had not been adjusted for final applicable share closing price and currency exchange rates as of the grant date. All other details remain unchanged. The full amended text is shown below.
Avast Plc
(the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
8 April 2020
Grant of Performance Stock Units under Avast Plc Long Term Incentive Plan 2018
The following PDMRs have been granted Performance Stock Units over ordinary shares of 10 p each in the capital of the Company under the Avast plc Long Term Incentive Plan 2018.
Name | Position | Total Number of PSU granted |
Ondrej Vlcek | Chief Executive Officer | 669,365 |
Philip Marshall | Chief Financial Officer | 516,367 |
The PSUs will vest on (i) 26 February 2023, or following issuance of 2022 audited financial statements, whichever occurs last, subject to the satisfaction of performance conditions. 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 | EXECUTIVE DIRECTOR | |||||||||
b) | Initial notification /Amendment | AMENDMENT | |||||||||
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 | GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 26 FEBRUARY 2023 OR II) FOLLOWING ISSUANCE OF 2022 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; SUBJECT TO THE BOARD DETERMINING THAT THE PERFORMANCE CONDITIONS (AND ANY OTHER CONDITION IMPOSED ON THE VESTING OF THE AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH THE RULES. | |||||||||
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 | 26 February 2020 | |||||||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE
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1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | PHILIP MARSHALL | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | EXECUTIVE DIRECTOR | |||||||||
b) | Initial notification /Amendment | AMENDMENT | |||||||||
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)
| |||||||||
b) | Nature of the transaction | GRANT OF PERFORMANCE STOCK UNITS (PSU) OVER SHARES UNDER THE LONG TERM INCENTIVE PLAN (BEING RIGHTS TO ACQUIRE SHARES FOR NO COST). THE PSUs WILL VEST ON I) 26 FEBRUARY 2023, OR II) FOLLOWING ISSUANCE OF 2022 AUDITED FINANCIAL STATEMENTS, WHICHEVER OCCURS LAST; SUBJECT TO THE BOARD DETERMININGTHAT THE PERFORMANCE CONDITIONS (AND ANY OTHER CONDITION IMPOSED ON THE VESTING OF THE AWARD) HAVE BEEN SATISFIED IN ACCORDANCE WITH THE RULES. | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
| |||||||||
e) | Date of the transaction | 26 February 2020 | |||||||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE
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Alan Rassaby
Company Secretary
Avast Plc.
LEI Number: 213800IR8G8LC2H4BO27
Related Shares:
AVST.L