AVEVA Group PLC Director/PDMR Shareholding (2757Y)
August 20 2018 - 2:58AM
UK Regulatory
TIDMAVV
RNS Number : 2757Y
AVEVA Group PLC
20 August 2018
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PERSON DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
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)
Name of the issuer NOTIFICATION UNDER
1 AVEVA GROUP PLC 2 (i)
---- -------------------------------------- --- -------------------------------
State whether notification
relates to a person
connected with a person
discharging managerial
Name of person discharging responsibilities/director
managerial responsibilities/director named in 3 and identify
the connected person
3 SEE ATTACHED SCHEDULE 4 N/A
---- -------------------------------------- --- -------------------------------
Indicate whether
the notification
is in respect of
a holding of the Description of shares
person referred (including class),
to in 3 or 4 above debenture or derivatives
or in respect of or financial instruments
a non-beneficial relating to shares
interest
HOLDING IN RESPECT OPTIONS TO ACQUIRE
OF PERSON REFERRED ORDINARY SHARES OF
5 TO IN 3 ABOVE 6 3(5) /(9) PENCE EACH
---- -------------------------------------- --- -------------------------------
State the nature of
Name of registered the transaction
shareholder(s) and,
if more than one, OPTION GRANTS BY ESTERA
the number of shares TRUST (JERSEY) LIMITED
held by each of AS TRUSTEE OF THE AVEVA
them GROUP EMPLOYEE BENEFIT
7 N/A 8 TRUST 2008
---- -------------------------------------- --- -------------------------------
Percentage of issued
class acquired (treasury
Number of shares, shares of that class
debentures or financial should not be taken
instruments relating into account when calculating
to shares acquired percentage)
9 SEE ATTACHED SCHEDULE 10 SEE ATTACHED SCHEDULE
---- -------------------------------------- --- -------------------------------
Percentage of issued
class disposed (treasury
Number of shares, shares of that class
debentures or financial should not be taken
instruments relating into account when calculating
to shares disposed percentage
11 N/A 12 N/A
---- -------------------------------------- --- -------------------------------
Price per share
of value of transaction Date and place of transaction
13 NIL 14 16 AUGUST 2018, JERSEY
---- -------------------------------------- --- -------------------------------
Total holding following
notification and
total percentage
holding following
notification (any
treasury shares
should not be taken Date issuer informed
into account when of transaction
calculating percentage)
15 SEE ATTACHED SCHEDULE 16 16 AUGUST 2018
---- -------------------------------------- --- -------------------------------
Period during which
or date on which it
Date of grant can be exercised
17 5 JULY 2018 18 SEE ATTACHED SCHEDULE
---- -------------------------------------- --- -------------------------------
Total amount paid Description of shares
(if any) for grant or debentures involved
of the option (class and number)
19 NIL 20 N/A
---- -------------------------------------- --- -------------------------------
Exercise price (if
fixed at time of
grant) or indication Total number of shares
that price is to or debentures over
be fixed at the which options held
time of exercise following notification
21 SEE ATTACHED SCHEDULE 22 SEE ATTACHED SCHEDULE
---- -------------------------------------- --- -------------------------------
Name of contract and
Any additional information telephone number for
queries
23 SEE ATTACHED SCHEDULE 24 DAVID WARD 01223 556655
---- -------------------------------------- --- -------------------------------
SCHEDULE
The name of the person discharging managerial responsibilities
("PDMR") in respect of whom this notification is made is Steen
Lomholt-Thomsen.
On 5 July 2018, Estera Trust (Jersey) Limited as trustee of the
AVEVA Group Employee Benefit Trust 2008 (the "EBT") granted options
to acquire ordinary shares of 3(5) /(9) pence each in AVEVA Group
plc (the "Company") in favour of each of the above-named PDMR.
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 3(5) /(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 2018.
The number of shares in respect of which an option was granted
to Steen Lomholt-Thomsen is 13,209.
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 2019, 2020 and 2021.
-- 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 the PDMR 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
the PDMR.
Following this, Mr Lomholt-Thomsen holds no shares and holds
options over 50,235 ordinary shares.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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