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 | 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 | 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 | 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 | 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 | 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 | 327 £31.60 | | e) | Date of the transaction | 2022-09-26 | | f) | Place of the transaction | XLON |
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