AVEVA Group plc (AVV)
Director/PDMR Shareholding
04-Aug-2022 / 12:59 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
AVEVA Group plc
(the ‘Company’)
Director/PDMR Shareholding
The Company announces that on 1 August 2022, share awards(1) granted under the AVEVA Long Term Incentive Plan (‘LTIP’) on 26 July 2019 vested in favour of Persons Discharging Managerial Responsibilities (‘PDMRs’).
A summary of the ordinary shares acquired from the vesting and sale of sufficient shares to cover personal tax obligations is set out below.
Name
Role
Shares Released
Number of Shares Sold(2)
Shares Retained
James Kidd
Chief Strategy and Transformation Officer
14,564
7,283(3)
7,281
Andrew McCloskey
Chief Technology Officer and EVP of R&D
4,575
1,593(4)
2,982
Robert McGreevy
Chief Product Officer
2,661
909(4)
1,752
Rashesh Mody
EVP, Operations Business
2,257
926(4)
1,331
The share awards were made in respect of the Company’s ordinary shares of 3 5/9 pence each. Sufficient shares were sold to cover personal tax obligations arising on the vesting and any associated dealing costs, and the balance was retained. On the vesting of options awarded under the LTIP, James Kidd elected to exercise his share options and sell some of the shares to cover personal taxes on 3 August 2022 at a price of £23.32 per share, details of which were notified to the Company on 3 August 2022. On the vesting of performance share awards under the LTIP for Andrew McCloskey, Robert McGreevy and Rashesh Mody shares were released automatically and some of those shares were sold to cover personal taxes on 1 August 2022 at a price of £23.47 per share, details of which were notified to the Company on 2 August 2022.
For further details, please contact:
Enquiries:
AVEVA Group plc
Helen Lamprell, General Counsel and Company Secretary
+44 (0)1223 556655
Matt Springett, Head of Investor Relations
+44 (0)7789 818684
FTI Consulting LLP
Edward Bridges/Dwight Burden
+44 (0) 20 3727 1000
The notification below is made in accordance with the requirements of the Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
James Kidd
2
Reason for the notification
a)
Position/status
Chief Strategy and Transformation Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Exercise of share options under the LTIP granted on 26 July 2019
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
14,564
d)
Aggregated information
Aggregated volume Price
14,564
Nil
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
James Kidd
2
Reason for the notification
a)
Position/status
Chief Strategy and Transformation Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Sale of shares to cover personal tax obligations
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£23.32
7,283
d)
Aggregated information
Aggregated volume Price
7,283
£23.32
e)
Date of the transaction
2022-08-03
f)
Place of the transaction
XLON
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Andrew McCloskey
2
Reason for the notification
a)
Position/status
Chief Technology Officer and EVP of R&D
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Vesting of performance share awards under the LTIP granted on 26 July 2019
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
4,575
d)
Aggregated information
Aggregated volume Price
4,575
Nil
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Andrew McCloskey
2
Reason for the notification
a)
Position/status
Chief Technology Officer and EVP of R&D
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Sale of shares to cover personal tax obligations
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£23.47
1,593
d)
Aggregated information
Aggregated volume Price
1,593
£23.47
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
XLON
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Robert McGreevy
2
Reason for the notification
a)
Position/status
Chief Product Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Vesting of performance share awards under the LTIP granted on 26 July 2019
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,661
d)
Aggregated information
Aggregated volume Price
2,661
Nil
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Robert McGreevy
2
Reason for the notification
a)
Position/status
Chief Product Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Sale of shares to cover personal tax obligations
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£23.47
909
d)
Aggregated information
Aggregated volume Price
909
£23.47
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
XLON
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Rashesh Mody
2
Reason for the notification
a)
Position/status
EVP, Operations Business
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Vesting of performance share awards under the LTIP granted on 26 July 2019
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,257
d)
Aggregated information
Aggregated volume Price
2,257
Nil
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associates
a)
Name
Rashesh Mody
2
Reason for the notification
a)
Position/status
EVP, Operations Business
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AVEVA Group plc
b)
LEI
213800XHATUM2LFMKG16
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
Identification code
Ordinary shares of 3 5/9 pence each
ISIN: GB00BBG9VN75
b)
Nature of the transaction
Sale of shares to cover personal tax obligations
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£23.47
926
d)
Aggregated information
Aggregated volume Price
926
£23.47
e)
Date of the transaction
2022-08-01
f)
Place of the transaction
XLON
ISIN: GB00BBG9VN75 Category Code: DSH TIDM: AVV LEI Code: 213800XHATUM2LFMKG16 OAM Categories: 2.1. Home Member State Sequence No.: 179371 EQS News ID: 1413581
End of Announcement EQS News Service