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RNS Number : 2548F
AVEVA Group PLC
26 July 2016
 

NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 

1

Name of the issuer

AVEVA GROUP PLC

2

State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4DR(1)(a); or

 

(ii) DR3.1.4(R) (1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

 

(iii) both (i) and (ii)

 

NOTIFICATION UNDER (i)

 

3

Name of person discharging managerial responsibilities/director

 

SEE ATTACHED SCHEDULE

4

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

 

5

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

HOLDING IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE

6

Description of shares (including class), debenture or derivatives or financial instruments relating to shares

 

OPTIONS TO ACQUIRE ORDINARY SHARES OF 35/9 PENCE EACH

 

7

Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

N/A

 

8

State the nature of the transaction

 

OPTION GRANTS BY ESTERA TRUST (JERSEY) LIMITED AS TRUSTEE OF THE AVEVA GROUP EMPLOYEE BENEFIT TRUST 2008

 

9

Number of shares, debentures or financial instruments relating to shares acquired

SEE ATTACHED SCHEDULE

 

10

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

SEE ATTACHED SCHEDULE

11

Number of shares, debentures or financial instruments relating to shares disposed

N/A

 

12

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage

N/A

13

Price per share of value of transaction

 

NIL

14

Date and place of transaction

 

25 JULY 2016, JERSEY

 

15

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

SEE ATTACHED SCHEDULE

 

16

Date issuer informed of transaction

 

25 JULY 2016

 

 

 

17

Date of grant

25 JULY 2016

18

Period during which or date on which it can be exercised

SEE ATTACHED SCHEDULE

 

19

Total amount paid (if any) for grant of the option

NIL

 

20

Description of shares or debentures involved (class and number)

N/A

21

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

SEE ATTACHED SCHEDULE

 

22

Total number of shares or debentures over which options held following notification

SEE ATTACHED SCHEDULE

23

Any additional information

 

 

SEE ATTACHED SCHEDULE

24

Name of contract and telephone number for queries

 

CLAIRE DENTON 01223 556640

 

SCHEDULE

The names of the persons discharging managerial responsibilities ("PDMRs") in respect of whom this notification is made are:

 

Richard Longdon

James Kidd

David Wheeldon

Derek Middlemas

Helmut Schuller

 

On 25 July 2016, Estera Trust (Jersey) Limited as trustee of the AVEVA Group Employee Benefit Trust 2008 (the "EBT") granted options to acquire ordinary shares of 35/9 pence each in AVEVA Group plc (the "Company") in favour of each of the above-named PDMRs.

 

These options have been granted under the AVEVA Group Management Bonus Deferred Share Scheme 2008 (the "Deferred Share Scheme") to serve as the mechanism to deliver ordinary shares of 35/9 pence each in the Company ("shares") on a deferred basis to recipients as a deferred bonus in respect of the financial year ended 31 March 2016.

 

The number of shares in respect of which an option was granted to each PDMR is set against his name below:

 

PDMR

Option Grant

Richard Longdon

757

James Kidd     

468

David Wheeldon

429

Derek Middlemas        

364

Helmut Schuller

142

Total  

2,160

 

 

The options each have the following principal terms:

 

·     Provided that the option holder remains an employee or director of the AVEVA Group, an option may normally be exercised as to one-third of the shares under option in the 42-day period commencing on the announcement of the Company's results for each of the financial years ending 31 March 2017, 2018 and 2019.

 

·     Following the death of an option holder, or on a takeover, reconstruction or amalgamation, or voluntary winding up of the Company, the option may be exercised in full to the extent that it has not already been exercised.

 

·     No amount has been paid or is payable for the grant of the option; no exercise price is payable on exercise of the option.

 

While the option will be treated as void if the option holder fails to return an acceptance notice in the period established by the rules of the scheme pursuant to which these options have been granted, the Company anticipates that such an acceptance notice will be given by each of the PDMRs in respect of whom this notification is made. The Company will issue a further RNS notification if, contrary to expectation, such an acceptance notice is not given by any of the PDMRs.

 

For each of these PDMRs, the total number of shares held and the total number of shares over which options to acquire shares are held following the grant of these options is respectively:

 

PDMR

Shares held

Shares under option

Richard Longdon

257,105

149,786

James Kidd

17,468

64,060

David Wheeldon

75,774

49,702

Derek Middlemas

36,746

30,697

Helmut Schuller

355

34,797

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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