REG - Aviva PLC - Director/PDMR Shareholding

AvivaAnnouncement

27/03/2018 10:15

RNS Number : 0554J
Aviva PLC
27 March 2018
 

27 March 2018
 
AVIVA PLC ("Aviva")
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
 
Aviva announces that:
 
·    On 26 March 2018, the undernoted PDMRs were granted conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 ("ABP") and the Aviva Investors 2015 Long Term Incentive Plan ("AI LTIP"). The ABP awards represent the deferral, for a period of three years, of a percentage of the bonuses paid to PDMRs in respect of 2017.
 
·    The ABP awards for the PDMRs will vest in 2021 in accordance with the plan rules.
 
·    In the case of the AI LTIP, the 2018 award will vest in 2023 in accordance with the plan rules. The AI LTIP award is initially granted by reference to a notional cash amount and is subject to the achievement of performance targets based on the delivery of compound annual growth in Aviva Investors' operating profit. This target will be measured over a three year performance period from 1 January 2018 to 31 December 2020. In 2021, the performance measurement will be applied and the resulting value will be converted into Aviva Ordinary shares based on their value at that time, with vesting after a further two years. The amount shown in the table below represents 100% of the target opportunity for the 2018 award under the AI LTIP, with maximum opportunity at 300%.
 
·    Similar awards with the same notional target value were granted to Euan Munro in 2016 and 2017. The 2016 award will vest in 2021 in accordance with the plan rules. The award will be performance measured in 2019 to reflect a three year performance period from 1 January 2016 to 31 December 2018. The 2017 award will vest in 2022 in accordance with the plan rules. The award will be performance measured in 2020 to reflect a three year performance period from 1 January 2017 to 31 December 2019.
 
·    Under each of the ABP and LTIP awards, additional shares are awarded at vesting in lieu of dividends on shares that vest and in the case of the AI LTIP, additional shares in lieu of dividends will only be applied once the award is converted into shares (and then awarded at vesting).
 
·    The awards were made for nil consideration.
 
·    The price used to calculate the number of ABP and LTIP shares awarded was £5.04.
 




PDMRs


Number of ABP shares awarded


Notional target value of AI LTIP awarded




Nitinbhai Amin


66,096








Andy Briggs


135,185








Kirstine Cooper


51,190








Angela Darlington


58,928








Euan Munro


184,337


£750,000




Tom Stoddard


131,851








Maurice Tulloch


110,529








Chris Wei


77,792








Mark Wilson


257,290








 
This announcement, in relation to transactions in London, United Kingdom, is made pursuant to with Article 19 of the EU Market Abuse Regulation 596/2014.
 
Media Enquiries:
Andrew Reid                                                                              +44 (0)207 662 3131
Sarah Swailes                                                                           +44 (0)207 662 6700
 
Share Award Enquiries:
Elena Petrou, Company Secretarial                                             +44 (0)207 662 1268




 
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




a)


Name


Nitinbhai Amin




2


Reason for the notification




a)


Position/status


Group Chief Operations and IT 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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP).
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


66,096




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
66,096




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON








 
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




a)


Name


Andrew Briggs




2


Reason for the notification




a)


Position/status


Chief executive officer UK Insurance and Chairman of Global 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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


135,185




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
135,185




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


51,190




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
51,190




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




a)


Name


Angela Darlington




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
Identification code
 


-      SHARES
 
-      GB0002162385




b)


Nature of transaction


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


58,928




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
58,928




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


184,337




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
184,337




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




a)


Name


Tom Stoddard




2


Reason for the notification




a)


Position/status


Chief 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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


131,851




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
131,851




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




a)


Name


Maurice Tulloch




2


Reason for the notification




a)


Position/status


Chief Executive Officer, International 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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


110,529




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
110,529




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


77,792




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
77,792




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




a)


Name


Mark Wilson




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option


257,290




d)


Aggregated information
-      Aggregated volume
-      Price
 


 
Nil cost option
 


 
257,290




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option
 


TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).




d)


Aggregated information
-      Aggregated volume
-      Price
 


Nil cost option
 
 


TBC. See above.
 




e)


Date of the transaction


2018-03-26




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option
 


TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).




d)


Aggregated information
-      Aggregated volume
-      Price
 


Nil cost option
 
 


TBC. See above.
 




e)


Date of the transaction


2017-03-27




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 
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




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


Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


Nil cost option
 


TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).




d)


Aggregated information
-      Aggregated volume
-      Price
 


Nil cost option
 
 


TBC. See above.
 




e)


Date of the transaction


2016-03-21




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHKDLBLVXFBBBK