Director/PDMR Shareholding

Released : 03/10/2017

RNS Number : 5979S
AVEVA Group PLC
03 October 2017
 

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 SCHEDULE

 

4

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connect 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 derivates or financial instruments relating to shares

 

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

 

SEE SCHEDULE

 

8

State the nature of the transaction

 

EXERCISE OF OPTIONS UNDER THE AVEVA LONG TERM INCENTIVE PLAN AND THE AVEVA GROUP SENIOR EMPLOYEE RESTRICTED SHARE PLAN 2015

 

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)

 

NEGLIGIBLE

11

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

 

SEE ATTACHED SCHEDULE

12

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

 

NEGLIGIBLE

 

13

Price per share of value of transaction

 

£24.3790

14

Date and place of transaction

 

28 SEPTEMBER 2017, LONDON

 

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

 

28 SEPTEMBER 2017

 

17

Date of grant

 

N/A

 

18

Period during which or date on which it can be exercised

 

N/A

 

19

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

 

N/A

 

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

 

N/A

 

22

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

 

N/A

 

23

Any additional information

 

N/A

24

Name of contact and telephone number for queries

 

CLAIRE DENTON: 01223 556640

 

 

SCHEDULE

 

Navtej Garewal, PDMR

 

On 28 September 2017, Mr Garewal exercised options over 2,212 shares under the AVEVA Long Term Incentive Plan at an exercise price of 35/9 pence per share, and 1,112 shares under the AVEVA Group Senior Employee Restricted Share Plan 2015 at an exercise price of 35/9 pence per share.  He sold 1,455 shares at a price of £24.3790 per share in order to fund the exercise cost and the resulting tax and national insurance liabilities, and retained the remaining 1,869 ordinary shares.

 

Following this, Mr Garewal owns 3,629 ordinary shares and holds options over 17,683 ordinary shares. 

 

 

 

Enquires:

Telephone:

AVEVA Group plc


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

 

 


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