7 Mar 2018 14:14
AVEVA GROUP PLC ("AVEVA" or "the Company")
Issue and Redemption of B Shares
The Company announces certain transactions which have occurred in relation to the Return of Value to the Company's shareholders of £10.15 per Ordinary Share, which was implemented by means of a B Share Scheme following completion of the acquisition by the Company of the Schneider Electric Software Business on 1 March 2018 in accordance with the terms of the Merger Agreement ("Completion").
Defined terms used in this announcement shall have the meaning given to them in the Prospectus
published by the Company on 5 September 2017. All references to time are to the time in London,
England.
With effect from Completion, 64,037,660 B Shares were issued by the Company with the following B Shares issued to certain of the Company's PDMRs:
PDMR/(PCA) | Number of B Shares of £10.15 each issued at Completion |
Philip Aiken | 2,337 |
Rohinton Mobed | 3,000 |
Christopher Humphrey | 4,000 |
Jennifer Allerton | 12,000 |
James Kidd (beneficially) | 20,367 |
David Ward (beneficially) | 2,081 |
Amish Sabharwal | 2,500 |
Bruce Douglas (beneficially) | 8,609 |
Dave Wheeldon (beneficially) | 73,416 |
Evgeny Fedotov | 1,714 |
Grimur Lund | 21,916 |
Martin Yeomans | 1,474 |
Michael Halloran | 1,379 |
Navtej Garewal | 3,629 |
Trond Straume | 561 |
Each of the B Shares of £10.15 each was redeemed by the Company at 5.00 pm on 1 March 2018 for its nominal value.
Enquires: | Telephone: |
AVEVA Group plc |
|
David Ward, Deputy CFO and Company Secretary | +44 (0)1223 556655 |
FTI Consulting |
|
Ed Bridges/Dwight Burden | +44 (0)20 3727 1400 |
AVV.L (AVV)