Aviva PLC Director/PDMR Shareholding (0944O)

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RNS Number : 0944O

Aviva PLC

27 May 2020

27 May 2020

AVIVA PLC ("Aviva")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

Aviva announces that:

Aviva Recruitment and Retention Share Award Plan (RRSAP)

-- On 22 May 2020 the following PDMRs received Shares following the vesting of awards granted under the RRSAP. Awards granted under RRSAP were made to replace, on a like for like basis, deferred compensation they forfeited on resignation from their previous employers.

 
     Name         Price at        Shares       No. of Shares     No. of Shares    Price at which 
                   which Shares    received     sold to cover     received net     Shares sold 
                   granted         RRSAP        taxes and         of taxes and     (pence) 
                   (pence)         awards       costs             costs 
 Erica Arnold              421p      71,624            33,748           37,876            232.7p 
                ---------------  ----------  ----------------  ---------------  ---------------- 
 Jan-Hendrik 
  Erasmus                  404p      23,118            10,893           12,225            232.7p 
                ---------------  ----------  ----------------  ---------------  ---------------- 
 

-- These Shares vested in accordance with the rules of the RRSAP. The grant of awards under the RRSAP was for nil consideration. These awards under the RRSAP were granted at the following prices

-- GBP4.21 in respect of the RRSAP for Erica Arnold, being the average of the mid- market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 1 January 2020.

-- GBP4.04 in respect of the RRSAP for Jan-Hendrik Erasmus, being the average of the mid- market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 1 February 2020.

   --      The awards for Erica Arnold and Jan-Hendrik Erasmus are as announced on 25 March 2020. 

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Media Enquiries:

   Andrew Reid                                                                 [phone] 

General Enquiries:

   Elena Petrou, Company Secretarial                                [phone] 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                    Erica Arnold 
      -------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Operating Officer 
      -------------------------------------  -------------------------------------------- 
 b)    Initial notification/Amendment         INITIAL NOTIFICATION 
      -------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                   AVIVA PLC 
      -------------------------------------  -------------------------------------------- 
 b)    LEI                                    YF0Y5B0IB8SM0ZFG9G81 
      -------------------------------------  -------------------------------------------- 
 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                     *    SHARES 
        Identification code 
 
 
                                                           *    GB0002162385 
      -------------------------------------  -------------------------------------------- 
 b)    Nature of transaction                  VESTING OF 71,624 RRSAP SHARES. 
 
                                               33,748 SHARES SOLD TO COVER TAX LEAVING 
                                               BALANCE OF 37,876 SHARES RETAINED. 
      -------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                 Price(s)                         Volume(s) 
      -------------------------------------  -------------------------------  ----------- 
   GBP2.327                                                                    71,624 
  --------------------------------------------------------------------------  ----------- 
                  Aggregated information 
                    *    Aggregated volume 
 
 
 d)                 *    Price                        *    GBP166,669.05         71,624 
      -------------------------------------  -------------------------------  ----------- 
 e)    Date of the transaction                2020-05-22 
      -------------------------------------  -------------------------------------------- 
 f)    Place of the transaction               LONDON STOCK EXCHANGE, XLON 
      -------------------------------------  -------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                    Jan-Hendrik Erasmus 
      -------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                        Group Chief Risk Officer 
      -------------------------------------  -------------------------------------------- 
 b)    Initial notification/Amendment         INITIAL NOTIFICATION 
      -------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                   AVIVA PLC 
      -------------------------------------  -------------------------------------------- 
 b)    LEI                                    YF0Y5B0IB8SM0ZFG9G81 
      -------------------------------------  -------------------------------------------- 
 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                     *    SHARES 
        Identification code 
 
 
                                                           *    GB0002162385 
      -------------------------------------  -------------------------------------------- 
 b)    Nature of transaction                  VESTING OF 23,118 RRSAP SHARES. 
 
                                               10,893 SHARES SOLD TO COVER TAX LEAVING 
                                               BALANCE OF 12,225 SHARES RETAINED. 
      -------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                 Price(s)                         Volume(s) 
      -------------------------------------  -------------------------------  ----------- 
   GBP2.327                                                                    23,118 
  --------------------------------------------------------------------------  ----------- 
                  Aggregated information 
                    *    Aggregated volume 
 
 
 d)                 *    Price                        *    GBP53,795.59          23,118 
      -------------------------------------  -------------------------------  ----------- 
 e)    Date of the transaction                2020-05-22 
      -------------------------------------  -------------------------------------------- 
 f)    Place of the transaction               LONDON STOCK EXCHANGE, XLON 
      -------------------------------------  -------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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May 27, 2020 06:32 ET (10:32 GMT)