AVEVA Group plc (AVV)
Form 8 (OPD) - AVEVA Group plc
08-Sep-2022 / 12:11 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full name of discloser:
AVEVA Group plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
AVEVA Group plc
(d) Is the discloser the offeror or the offeree?
Offeree
(e) Date position held:
The latest practicable date prior to the disclosure
7 September 2022
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”
Yes
Offeror
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
Class of relevant security:
Ordinary shares of 3 5/9 pence each
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
0
0
0
0
(2) Cash-settled derivatives:
0
0
0
0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
0
0
0
0
TOTAL:
0
0
0
0
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists:
None
Details, including nature of the rights concerned and relevant percentages:
None
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:
(a) Ordinary shares held by the directors of AVEVA Group plc, and their close relatives*
The following directors and their close relatives hold shares in AVEVA Group plc:
Name
Number of ordinary shares held
Percentage of total issued share capital
Philip Aiken (director)
4,154
0.0014%
James Kidd (director)
143,416**
0.047%
Christopher Humphrey (director)
7,110
0.0024%
Ron Mobed (director)
5,333
0.0018%
(b) Options and awards granted under AVEVA Group plc’s shares plans held by the directors of AVEVA Group plc or their close relatives and related trusts*
Director
Share plan
Number of ordinary shares under options / awards
Grant date
Share price on grant
Vesting date
Expiry date
Exercise price
James Kidd
Long-Term Incentive Plan
22,461
11/09/2020
£47.99
24/06/2023
11/09/2030
Nominal value
23,679
15/07/2021
£39.17
15/07/2024
15/07/2031
Nominal value
40,859
20/07/2022
£22.70
24/06/2025
20/07/2032
Nil
Deferred Share Bonus Plan
1,556
11/09/2020
£48.87
24/06/2023
11/09/2030
Nil
1,855
15/07/2021
£39.17
24/06/2023 and 24/06/2024
15/07/2031
Nil
3,566
20/07/2022
£22.70
24/06/2023, 24/06/2024 and 24/06/2025
20/07/2032
Nil
Director
Share plan
Partnership shares
Matching shares
James Kidd
UK Share Incentive Plan (SIP) GESPP
95***
141
* The Company and the Takeover Panel have agreed that Peter Herweck, who is on secondment from Schneider Electric SE, and Hilary Maxson and Olivier Blum, as the Schneider Electric SE nominee directors on the board of AVEVA Group plc, are not concert parties of AVEVA Group plc. As such, any interests held by Peter, Hilary and Olivier in AVEVA Group plc have not been included in this disclosure.
** This figure includes 141,057 shares held by James Kidd and 2,359 shares held by his close relatives.
*** These partnership shares have also been taken into account in the total number of ordinary shares held by James Kidd.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
No
Supplemental Form 8 (SBL)
No
Date of disclosure:
8 September 2022
Contact name:
Helen Lamprell
General Counsel and Company Secretary
Telephone number:
+44 (0)1223 556655
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
ISIN: GB00BBG9VN75 Category Code: FEE - AVEVA Group plc TIDM: AVV LEI Code: 213800XHATUM2LFMKG16 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 186916 EQS News ID: 1438585
End of Announcement EQS News Service