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LONDON - Avon Technologies plc (LON:AVT) announced Monday that its Chief Executive Officer Jos Sclater and Chief Financial Officer Rich Cashin have each purchased 8 ordinary shares under the company’s Share Incentive Plan (SIP).
According to a regulatory filing, the transactions were executed on September 5 at a price of £19.31 per share, with each executive spending £154.48 in total. The purchases were made by Equiniti Share Plan Trustees Limited on behalf of the executives.
The SIP is an all-employee share plan approved by HM Revenue and Customs that allows employees to purchase Avon Technologies shares through monthly salary deductions.
The notification was made to comply with the EU Market Abuse Regulation and section 793 of the Companies Act 2006, as both executives are considered persons discharging managerial responsibilities (PDMRs).
The transactions were conducted on the London Stock Exchange under the company’s ordinary shares with ISIN code GB0000667013.
This information was disclosed in a regulatory filing based on a company press release statement.
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