AVEVA Group plc (AVV)
Director/PDMR Shareholding
29-Sep-2022 / 13:16 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 26 September 2022, share awards(1) granted under the AVEVA Restricted Share Plan (‘RSP’) on 11 September 2020 and 29 September 2020 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
Date of Award
Shares Released
Number of Shares Sold(2)
Shares Retained
Andrew McCloskey
Chief Technology Officer and EVP of R&D
11/09/2020
1,718
598(3)
1,120
29/09/2020
1,948
678(3)
1,270
Robert McGreevy
Chief Product Officer
11/09/2020
1,127
333(3)
794
Rashesh Mody
EVP, Operations Business
11/09/2020
888
327(3)
561
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 conditional share awards under the RSP for Andrew McCloskey, Robert McGreevy and Rashesh Mody, shares were released automatically and some of those shares were sold to cover personal taxes on 26 September 2022 at a price of £31.60 per share, details of which were notified to the Company on 27 September 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
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 conditional share awards under the RSP granted on (1) 11 September 2020 and (2) 29 September 2020
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1.
Nil
1,718
2.
Nil
1,948
d)
Aggregated information
Aggregated volume Price
3,666
Nil
e)
Date of the transaction
2022-09-26
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)
1.
£31.60
598
2.
£31.60
678
d)
Aggregated information
Aggregated volume Price
1,276
£31.60
e)
Date of the transaction
2022-09-26
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 conditional share awards under the RSP granted on 11 September 2020
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,127
d)
Aggregated information
Aggregated volume Price
1,127
Nil
e)
Date of the transaction
2022-09-26
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)
£31.60
333
d)
Aggregated information
Aggregated volume Price
333
£31.60
e)
Date of the transaction
2022-09-26
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 conditional share awards under the RSP granted on 11 September 2020
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
888
d)
Aggregated information
Aggregated volume Price
888
Nil
e)
Date of the transaction
2022-09-26
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)
£31.60
327
d)
Aggregated information
Aggregated volume Price
327
£31.60
e)
Date of the transaction
2022-09-26
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.: 191433 EQS News ID: 1453363
End of Announcement EQS News Service