REG - Aviva PLC - Director/PDMR Shareholding

AvivaAnnouncement

30/03/2020 11:35

RNS Number : 0548I
  
Aviva PLC
  
30 March 2020
  
 

 
30 March 2020
 
AVIVA PLC ("Aviva")
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
 
Aviva announces:
 
Aviva Annual Bonus Plan 2011 (ABP) and the Aviva Long Term Incentive Plan 2011 (LTIP)
 
·      On 27 March 2020, in London, and in line with the normal timetable, the following PDMRs received Aviva ordinary shares of 25 pence each (Shares) following the vesting of awards granted in 2017, 2018 and 2019 under the ABP and in 2017 under the LTIP (the Plans) as previously announced. 
·      The LTIP awards vested at 50% following testing of Return on Equity (ROE) and Total Shareholder Return (TSR) performance factors, over a three-year period (1 January 2017 to 31 December 2019).
·      Prior to joining the Aviva Leadership Team (ALT) some PDMRs were granted Restricted Stock Unit (RSU) awards. These awards do not have performance conditions.
 



Name 


ABP or LTIP/RSU 


Price at which shares granted
(pence)


Shares received from ABP or LTIP awards


No. of shares sold


Price at which shares sold
(pence)




Maurice Tulloch


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


50,719
17,977
84,783


-
-
-


268.5p
268.5p
268.5p




Jason Windsor


ABP (2017)
ABP (2018)
ABP (2019)
RSU


530p
504p
421p
530p


5,942
6,694
6,132
49,111


-
-
-
 


268.5p
268.5p
268.5p 
268.5p 




Nitinbhai
Amin


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


34,438
12,521
59,892


-
-
-


268.5p 
268.5p 
268.5p 




Kirstine Cooper


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


29,646
8,826
59,892


-
-
-


268.5p 
268.5p 
268.5p 




Angela Darlington


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


32,341
8,757
59,892


-
-
-


268.5p 
268.5p 
268.5p 




Patrick Dixneuf


ABP (2017)
ABP (2018)
RSU


530p
504p
530p


9,904
30,509
90,895


-
-
-


268.5p 
268.5p 
268.5p 







 



Colm Holmes


ABP (2017)
ABP (2018)
ABP (2019)
RSU


530p
504p
421p
530p


6,540
6,750
8,923
56,622


-
-
-
-


268.5p 
268.5p 
268.5p 
268.5p 




Euan Munro


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


108,563
30,596
44,919


-
-
-


268.5p 
268.5p
268.5p  




Lindsey Rix


ABP (2017)
ABP (2018)
ABP (2019)
RSU


530p
504p
421p
530p


4,364
4,435
3,849
31,743


-
-
-


268.5p 
268.5p 
268.5p
268.5p 




Chetan Singh


ABP (2017)
ABP (2018)
ABP (2019)
RSU


530p
504p
421p
530p


7,439
6,322
6,259
40,726


-
-
-


268.5p 
268.5p 
268.5p 
268.5p 




Chris Wei


ABP (2017)
ABP (2019)
LTIP


530p
421p
530p


110,300
37,414
164,603


-
-
-


268.5p 
268.5p 
268.5p 



 
·      In line with the 2018 Remuneration Policy, LTIP awards granted to Executive Directors are subject to a further two-year holding period following the sale to cover taxes. As Maurice Tulloch and Jason Windsor were not Executive Directors at the time of grant, their 2017 LTIP and RSU awards are not subject to the two-year holding period.
 
·      As disclosed in the Aviva Annual Report, published on 25 March 2020, these shares vested in accordance with the rules of the Plans and following performance testing of the LTIP award. The grant of awards under the LTIP was for nil consideration. 
 
·      In 2017 Euan Munro received an award under the the Aviva Investors 2015 Long Term Incentive Plan ("AI LTIP"). The performance conditions for the 2017 AI LTIP were based on the delivery of compound annual growth in Aviva Investors' operating profit for a three-year performance period from 1 January 2017 to 31 December 2019. The performance conditions were not met and accordingly this award has lapsed in full. 
 
·      The releases under the ABP and LTIP include additional Shares received in lieu of dividends, which are subject to tax. The awards have been settled on a net-of-tax basis.
 
 
This announcement is made pursuant to Article 19 of the EU Market Abuse Regulation 596/2014. Aviva was notified of the above transactions on 27 March 2020.
 
Media Enquiries:
Andrew Reid                                                         +44 (0)7800 694276
Sarah Swailes                                                               +44 (0)207 662 6700
 
General Enquiries:
Elena Petrou, Company Secretarial                                 +44 (0)207 662 1268
 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


MAURICE TULLOCH




2


Reason for the notification




a)


Position/status


GROUP CHIEF EXECUTIVE 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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 136,717 ABP 2017 AND 2019 SHARES AND 171,729 LTIP 2017 SHARES.
 
153,479 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   153,479
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £412,091.12
 
2. £0


1.   153,479
 
2.  0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


NITINBHAI AMIN




2


Reason for the notification




a)


Position/status


INTERIM CEO AVIVA INSURANCE IRELAND DAC
 




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 88,801 ABP 2017 AND 2019 SHARES AND 113,256 LTIP 2017 SHARES.
 
106,851 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   106,851
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £286,894.94
 
2. £0


1.   106,851
 
2.   0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


KIRSTINE COOPER




2


Reason for the notification




a)


Position/status


GROUP GENERAL COUNSEL AND COMPANY SECRETARY




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 72,753 ABP 2017 AND 2019 SHARES AND 113,256 LTIP 2017 SHARES.
 
98,364 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   98,364
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £264,107.34
 
2. £0


1.    98,364
 
2.   0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


ANGELA DARLINGTON




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER, UK LIFE




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 77,718 ABP 2017 AND 2019 SHARES AND 113,256 LTIP 2017 SHARES.
 
100,990 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   100,990
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £271,158.15
 
2. £0


1.    100,990
 
2.   0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


PATRICK DIXNEUF




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER, AVIVA EUROPE AND AVIVA FRANCE




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 40,413 ABP 2017 AND 2018 SHARES AND 90,895 RSU 2017 SHARES.
 
131,308 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   131,308
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £352,561.98
 
2. £0


1.    131,308
 
2.   0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


COLM HOLMES




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER, GENERAL INSURANCE




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 38,122 ABP 2017, 2018 AND 2019 SHARES AND 97,401 RSU 2017 SHARES.
 
78,835 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.  £2.685


1.   78,835
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £211,671.98
 
2. £0


1.   78,835
 
2.   0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 
 




 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


EUAN MUNRO




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER, AVIVA INVESTORS




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 263,168 ABP 2017 AND 2019 SHARES AND 84,942 LTIP 2017 SHARES.
 
184,078 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
      2. £2.685


1. 184,078
 
2. 0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £494,249.43
 
2. £0


1. 184,078
 
2. 0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


LINDSEY RIX




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER OF UK SAVINGS AND RETIREMENT




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 23,921 ABP 2017, 2018 AND 2019 SHARES AND 60,0276 RSU 2017 SHARES.
 
44,391 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.  £2.685
 
2.   £2.685


1.     44,391
 
2.     0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £119,189.84
 
2. £0


1.      44,391
 
2.      0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


CHETAN SINGH




2


Reason for the notification




a)


Position/status


CHIEF STRATEGY AND M&A 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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 37,860 ABP 2017, 2018 AND 2019 SHARES AND 77,014 RSU 2017 SHARES.
 
60,746 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1. £2.685
 
2. £2.685


1. 60,746
 
2. 0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £163,103.01
 
2. £0


1. 60,746
 
2. 0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON



 
 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


CHRIS WEI




2


Reason for the notification




a)


Position/status


EXECUTIVE CHAIRMAN OF ASIA AND FPI AND GLOBAL CHAIRMAN AVIVA DIGITAL




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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 151,254 ABP 2017 AND 2019 SHARES AND 169,885 LTIP 2017 SHARES.
 
312,317 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £2.685
 
2.   £2.685


1.   312,317
 
2.   0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £838,571.15
 
2. £0


1.   312,317
 
2.  0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON










 




 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


JASON WINDSOR




2


Reason for the notification




a)


Position/status


CHEIF FINANCIAL 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
Identification code
 


-     SHARES
 
-     GB0002162385




b)


Nature of transaction


VESTING OF 35,494 ABP 2017, 2018 AND 2019 SHARES AND 92,870 RSU 2017 SHARES.
 
67,879 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1. £2.685
 
2. £2.685


1. 67,879
 
2. 0
 




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £182,255.12
 
2. £0


1. 67,879
 
2. 0




e)


Date of the transaction


2020-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON










 


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