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RNS Number : 2134K

AVEVA Group PLC

31 August 2021

NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 
                                                   Notifications, made pursuant 
      Name of the issuer                            to Article 19(3) of the Market 
 1     AVEVA GROUP PLC                        2     Abuse Regulation 
                                                   State whether notification 
                                                    relates to a person connected 
                                                    with a person discharging 
                                                    managerial responsibilities/director 
      Name of person discharging                    named in 3 and identify the 
       managerial responsibilities/director         connected person 
 
 3     SEE ATTACHED SCHEDULE                  4     N/A 
     --------------------------------------  ---  -------------------------------------- 
      Indicate whether the 
       notification is in respect 
       of a holding of the person                  Description of shares (including 
       referred to in 3 or 4                        class), debenture or derivatives 
       above or in respect of                       or financial instruments 
       a non-beneficial interest                    relating to shares 
 
       HOLDING IN RESPECT OF                        OPTIONS TO ACQUIRE ORDINARY 
       PERSON REFERRED TO IN                        SHARES OF 3(5) /(9) PENCE 
 5     3 ABOVE                                6     EACH 
     --------------------------------------  ---  -------------------------------------- 
                                                   State the nature of the transaction 
 
                                                    EXERCISE OF OPTION AND SUBSEQUENT 
      Name of registered shareholder(s)             SALE OF ORDINARY SHARES GRANTED 
       and, if more than one,                       BY AVEVA GROUP PLC UNDER 
       the number of shares                         THE AVEVA GROUP LONG TERM 
       held by each of them                         INCENTIVE PLAN 2014 AND THE 
                                                    AVEVA GROUP SENIOR EMPLOYEE 
 7     N/A                                    8     RESTRICTED SHARE PLAN 2015 
     --------------------------------------  ---  -------------------------------------- 
                                                   Percentage of issued class 
                                                    acquired (treasury shares 
      Number of shares, debentures                  of that class should not 
       or financial instruments                     be taken into account when 
       relating to shares acquired                  calculating percentage) 
 
 9     SEE ATTACHED SCHEDULE                  10    N/A 
     --------------------------------------  ---  -------------------------------------- 
                                                   Percentage of issued class 
                                                    disposed (treasury shares 
      Number of shares, debentures                  of that class should not 
       or financial instruments                     be taken into account when 
       relating to shares disposed                  calculating percentage 
 
 11    SEE ATTACHED SCHEDULE                  12    N/A 
     --------------------------------------  ---  -------------------------------------- 
      Date issuer informed 
       of transaction                               Date of exercise 
 
 13    27 AUGUST 2021                         14     27 AUGUST 2021 
     --------------------------------------  ---  -------------------------------------- 
      Exercise details 
 
       OPTIONS GRANTED SUBJECT 
       TO PERFORMANCE CRITERIA 
       HAVING BEEN ACHIEVED 
       AND CONTINUED EMPLOYMENT 
       HAVING BEEN ACHIEVED                        Market value per share on 
       WHICH VESTED 8 SEPTEMBER                     exercise and sale 
 15    2020                                   16    GBP41.55 
     --------------------------------------  ---  -------------------------------------- 
      Description of shares 
       or debentures involved 
       (class and number)                          Exercise price fixed at time 
                                                    of grant 
       ORDINARY SHARES OF 3(5) 
 17    /(9) PENCE EACH                        18    3(5) /(9) PENCE PER SHARE 
     --------------------------------------  ---  -------------------------------------- 
      Total number of shares 
       or debentures over which 
       options held following 
       notification                                Any additional information 
 
 19    N/A                                    20    SEE ATTACHED SCHEDULE 
     --------------------------------------  ---  -------------------------------------- 
 21   Name of contract and 
       telephone number for 
       queries 
 
       CLAIRE DENTON 01223 556655 
     --------------------------------------  ---  -------------------------------------- 
 

SCHEDULE

The person discharging managerial responsibilities ("PDMR") in respect of whom this notification is made is Amish Sabharwal, EVP Engineering Business Unit.

On 27 August 2021, AVEVA Group plc (the "Company") was informed of the exercise of options to acquire ordinary shares of 3(5) /(9) pence each ("Shares") (having met performance criteria and conditions) in the Company in favour of the above-named PDMR under the terms of the AVEVA Group Long Term Incentive Plan 2014 and the AVEVA Senior Employee Group Restricted Share Plan 2015. On the same day, the PDMR sold the resulting Shares.

The number of shares in respect of which the options were exercised by the PDMR is set out below:

 
 Option                        Number of Shares   Aggregate Exercise 
                                                   Price Paid 
 LTIP - Options -              8,373              GBP297.74 
  08-Sep-2017 
                              -----------------  ------------------- 
 RSP - Options - 08-Sep-2017   6,245              GBP222.07 
                              -----------------  ------------------- 
 
 
 Enquiries: 
 
 AVEVA Group plc                         Telephone: 
 
 Claire Denton, Group General Counsel 
  & Company Secretary                    +44 (0)1223 556655 
 Matt Springett, Head of Investor 
  Relations                              +44 (0) 7789 818 684 
 
 FTI Consulting                          Telephone: 
 
 Ed Bridges/Dwight Burden                +44 (0)20 3727 1400 
 

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END

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August 31, 2021 05:02 ET (09:02 GMT)

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