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Avast PLC - Director/PDMR Shareholding

RNS Number : 7532H
Avast PLC
26 March 2020
 

Avast Plc

(the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS 

26 March 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

585,284

Philip Marshall

Chief Financial Officer

451,505

 

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

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)  

 

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)

 

 Award Type

Price(s)

Volume(s)




PSU

GBP 0.00

585,284

d)

Aggregated information

- Aggregated volume - Price

Aggregated volume: 585,284

Aggregated price: GBP 0

e)

Date of the transaction

26 February 2020

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

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

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)  

 

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)

 

 Award Type

Price(s)

Volume(s)




PSU

GBP 0.00

451,505

d)

Aggregated information

- Aggregated volume - Price

Aggregated volume: 451,505

Aggregated price: GBP 0

e)

Date of the transaction

26 February 2020

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

 

Alan Rassaby

Company Secretary

Avast Plc.

LEI Number: 213800IR8G8LC2H4BO27

 

 

 


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Quick facts: Avast PLC

Price: 503

Market: LSE
Market Cap: £5.14 billion
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