AVEVA Group PLC Director/PDMR Shareholding (2548F)

TIDMAVV

RNS Number : 2548F

AVEVA Group PLC

26 July 2016

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 
      Name of person                     person discharging 
       discharging managerial            managerial responsibilities/director 
       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                  Description of shares 
       the person referred               (including class), 
       to in 3 or 4 above                debenture or derivatives 
       or in respect                     or financial instruments 
       of 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 the transaction 
      Name of registered 
       shareholder(s)                    OPTION GRANTS BY 
       and, if more than                 ESTERA TRUST (JERSEY) 
       one, the number                   LIMITED AS TRUSTEE 
       of shares held                    OF THE AVEVA GROUP 
       by each of them                   EMPLOYEE BENEFIT 
 7     N/A                         8     TRUST 2008 
---  ---------------------------  ---  -------------------------------------- 
                                        Percentage of issued 
      Number of shares,                  class acquired (treasury 
       debentures or                     shares of that class 
       financial instruments             should not be taken 
       relating to shares                into account when 
       acquired                          calculating percentage) 
 9     SEE ATTACHED SCHEDULE       10    SEE ATTACHED SCHEDULE 
---  ---------------------------  ---  -------------------------------------- 
                                        Percentage of issued 
      Number of shares,                  class disposed (treasury 
       debentures or                     shares of that class 
       financial instruments             should not be taken 
       relating to shares                into account when 
       disposed                          calculating percentage 
 11    N/A                         12    N/A 
---  ---------------------------  ---  -------------------------------------- 
      Price per share                   Date and place of 
       of value of transaction           transaction 
 
 13    NIL                         14    25 JULY 2016, JERSEY 
---  ---------------------------  ---  -------------------------------------- 
      Total holding 
       following notification 
       and total percentage 
       holding following 
       notification (any 
       treasury shares 
       should not be 
       taken into account               Date issuer informed 
       when calculating                  of transaction 
       percentage) 
 15    SEE ATTACHED SCHEDULE       16    25 JULY 2016 
---  ---------------------------  ---  -------------------------------------- 
 
 
                                      Period during which 
                                       or date on which 
      Date of grant                    it can be exercised 
 17    25 JULY 2016              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                   or debentures over 
       to be fixed at                  which options held 
       the time of exercise            following notification 
 21    SEE ATTACHED SCHEDULE     22    SEE ATTACHED SCHEDULE 
---  -------------------------  ---  ------------------------ 
                                      Name of contract 
      Any additional                   and telephone number 
       information                     for queries 
 
                                       CLAIRE DENTON 01223 
 23    SEE ATTACHED SCHEDULE     24    556640 
---  -------------------------  ---  ------------------------ 
 

SCHEDULE

The names of the persons discharging managerial responsibilities ("PDMRs") in respect of whom this notification is made are:

Richard Longdon

James Kidd

David Wheeldon

Derek Middlemas

Helmut Schuller

On 25 July 2016, 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 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 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 2016.

The number of shares in respect of which an option was granted to each PDMR is set against his name below:

 
 PDMR               Option 
                     Grant 
-----------------  ------- 
 Richard Longdon     757 
-----------------  ------- 
 James Kidd          468 
-----------------  ------- 
 David Wheeldon      429 
-----------------  ------- 
 Derek Middlemas     364 
-----------------  ------- 
 Helmut Schuller     142 
-----------------  ------- 
 Total              2,160 
-----------------  ------- 
 

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 2017, 2018 and 2019.

-- 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 
-----------------  ------------  ------------- 
 Richard Longdon    257,105       149,786 
-----------------  ------------  ------------- 
 James Kidd         17,468        64,060 
-----------------  ------------  ------------- 
 David Wheeldon     75,774        49,702 
-----------------  ------------  ------------- 
 Derek Middlemas    36,746        30,697 
-----------------  ------------  ------------- 
 Helmut Schuller    355           34,797 
-----------------  ------------  ------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 26, 2016 06:07 ET (10:07 GMT)