5 Jul 2017 16:35
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)
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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
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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
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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
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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
3 JULY 2017, JERSEY
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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
4 JULY 2017 |
17 | Date of grant 3 JULY 2017 | 18 | Period during which or date on which it can be exercised SEE ATTACHED SCHEDULE
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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:
James Kidd
David Ward
David Wheeldon
Grimur Lund
Clare Bye
Claire Denton
Bruce Douglas
Evgeny Fedotov
Amish Sabharwal
On 3 July 2017, 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 2017.
The number of shares in respect of which an option was granted to each PDMR is set against their name below:
PDMR | Option Grant |
James Kidd | 772 |
David Ward | 412 |
David Wheeldon | 617 |
Grimur Lund | 410 |
Clare Bye | 286 |
Claire Denton | 121 |
Bruce Douglas | 260 |
Evgeny Fedotov | 2,842 |
Amish Sabharwal | 2,333 |
Total | 8,053 |
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 2018, 2019 and 2020.
· 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 |
James Kidd | 17,468 | 68,540 |
David Ward | 555 | 28,036 |
David Wheeldon | 72,774 | 50,319 |
Grimur Lund | 9,236 | 24,884 |
Clare Bye | - | 7,589 |
Claire Denton | - | 5,110 |
Bruce Douglas | 8,609 | 9,475 |
Evgeny Fedotov | - | 14,377 |
Amish Sabharwal | 2,500 | 3,188 |
Enquires: | Telephone: |
AVEVA Group plc |
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David Ward, Chief Financial Officer | +44 (0)1223 556655 |
Claire Denton, Company Secretary | +44 (0)1223 556655 |
FTI Consulting | Telephone: |
Ed Bridges/Dwight Burden | +44 (0)20 3727 1400 |