REG - Aviva PLC - Director/PDMR Shareholding

AvivaAnnouncement

27/03/2018 10:20

RNS Number : 0602J
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:
 
Aviva Annual Bonus Plan 2011 (ABP) and the Aviva Long Term Incentive Plan 2011 (LTIP)
 
·      On 23 March 2018, 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 2015 under the ABP and the LTIP (the Plans) as previously announced. Disposals have also been made, including to cover the cost of taxes and sales fees, as set out below.
·      The LTIP award vested at 36.9% following testing of Return on Equity (ROE) and Total Shareholder Return (TSR) performance factors, over a three year period (1 January 2015 to 31 December 2017).




Name


ABP or LTIP


Price at which shares granted
(pence)


Shares received from ABP or LTIP awards


No. of shares sold to cover taxes and costs


Other disposal of shares


No. of shares retained net of taxes and costs


No. of shares subject to a two year holding period


Price at which shares sold
(pence)




Mark Wilson


ABP
LTIP


564p
564p


170,076
217,239


80,361
102,358


89,715
0


0
114,881


0
114,881


494p
494p














Nitinbhai
Amin


ABP
LTIP


564p
564p


51,288
75,700


24,166
35,668


0
0


27,122
40,032


0
0


494p 494p




Andy
Briggs


LTIP


564p


115,027


54,198


0


60,829


60,829


494p




Kirstine Cooper


ABP
LTIP


564p
564p


43,082
60,560


20,299
28,534


0
0


22,783
32,026


0
0


494p 494p




Angela Darlington


ABP
LTIP


564p
564p


13,339
30,279


6,285
14,267


0
0


7,054
16,012


0
0


494p 494p




Euan Munro


ABP
LTIP


564p
564p


131,298
90,840


61,864
42,802


0


69,434
48,038


0
0


494p 494p




Tom
Stoddard


ABP
LTIP


564p
564p


70,279
112,220


33,114
52,876


0
0


37,165
59,344


0
59,344


494p 494p




Maurice Tulloch


ABP
LTIP


564p
564p


50,262
90,840


27,034
48,753


23,228
0


0
42,087


0
0


494p 494p




Chris Wei


ABP
LTIP


564p
564p


73,449
121,963


8,277
13,745


0
0


65,172
108,218


0
0


494p 494p
















 
·      In line with 2015 Remuneration Policy, 2015 LTIP awards granted to our Executive Directors: Mark Wilson, Andrew Briggs, and Tom Stoddard are subject to a further two year holding period following the sale to cover taxes. As Maurice Tulloch was not an Executive Director at the time of grant, his 2015 LTIP award is not subject to the two year holding period.
 
·      Following this transaction, Mark Wilson maintains a shareholding equivalent of 345% of his salary, using the share price at release of £4.94, with a current total shareholding of 722,310. Shareholding requirement for Mark is 300%. The other PDMRs selling have also met their shareholding requirement.
 
·      As disclosed in the Aviva Annual Report, published on 27 March 2018, these shares vested in accordance with the rules of the Plans and following performance testing of the LTIP award. The ABP awards that vested represented the deferral of two thirds, and in the case of Maurice, half of the bonus awarded in 2015. The grant of awards under the LTIP was for nil consideration. 
 
·      The awards under the ABP and LTIP were granted at a price of £5.64 per share which was based on the average share price of an Aviva ordinary share for 3 days prior to the date of the main grant, 23 March 2018.
 
·      The releases under the ABP and LTIP include additional Shares received in lieu of dividends, which are subject to tax.
 
 
This announcement is made pursuant to Article 19 of the EU Market Abuse Regulation 596/2014. Aviva was notified of the above transactions on 23 March 2018.
 
 
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
 
 




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


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


VESTING OF 170,076 ABP 2015 SHARES AND 217,239 LTIP 2015 SHARES.
 
182,719 SHARES SOLD TO COVER TAX AND DISPOSAL OF 89,715 SHARES LEAVING BALANCE OF 114,881 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.  £4.94
 
2.  £4.94


1.   387,315
 
2.   272,434




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £1,913,336.10
 
2. £1,345,823.96


1.   387,315
 
2.   272,434




e)


Date of the transaction


2018-03-23




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


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


VESTING OF 51,288 ABP 2015 SHARES AND 75,700 LTIP 2015 SHARES.
 
59,834 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 67,154 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   126,988
 
2.   59,834




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £627,322.67
 
2. £295,579.96


1.   126,988
 
2.   59,834




e)


Date of the transaction


2018-03-23




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


ANDREW BRIGGS




2


Reason for the notification




a)


Position/status


CHIEF EXECUTIVE OFFICER UK 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 115,027 LTIP 2015 SHARES.
 
54,198 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 60,829 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   115,027
 
2.   54,198




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £568,233.38
 
2. £267,738.12


1.    115,027
 
2.   54,198




e)


Date of the transaction


2018-03-23




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 43,082 ABP 2015 SHARES AND 60,560 LTIP 2015 SHARES.
 
48,833 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 54,809 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   103,642
 
2.   48,833




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £511,991.48
 
2. £241,235.02


1.    103,642
 
2.   48,833




e)


Date of the transaction


2018-03-23




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


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


VESTING OF 13,339 ABP 2015 SHARES AND 30,279 LTIP 2015 SHARES.
 
20,552 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 23,066 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   43,618
 
2.   20,552




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £215,472.92
 
2. £101,526.88


1.    43,618
 
2.   20,552




e)


Date of the transaction


2018-03-23




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 131,298 ABP 2015 SHARES AND 90,840 LTIP 2015 SHARES.
 
104,666 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 117,472 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   222,138
 
2.   104,666




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £1,097,361.72
 
2. £517,050.04


1.    222,138
 
2.   104,666




e)


Date of the transaction


2018-03-23




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


THOMAS 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


VESTING OF 70,279 ABP 2015 SHARES AND 112,220 LTIP 2015 SHARES.
 
85,990 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 96,509 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   182,499
 
2.   85,990




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £901,545.06
 
2. £424,790.60


1.      182,499
 
2.   85,990




e)


Date of the transaction


2018-03-23




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON




 




 




1


Details of the person discharging managerial responsibilities/person closely associated




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


VESTING OF 50,262 ABP 2015 SHARES SHARES 90,840 LTIP 2015 SHARES.
 
75,787 SHARES SOLD TO COVER TAX AND DISPOSAL OF 23,228 LEAVING BALANCE OF 42,087 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   141,102
 
2.   99,015




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £697,043.88
 
2. £489,134.10


1.   141,102
 
2.  99,015




e)


Date of the transaction


2018-03-23




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 73,449 ABP 2015 SHARES AND 121,963 LTIP 2015 SHARES.
 
22,022 SHARES SOLD TO COVER TAX LEAVING BALANCE OF 173,390 SHARES RETAINED.
 




c)


Price(s) and volume(s)


Price(s)


Volume(s)




 


 


1.   £4.94
 
2.   £4.94


1.   195,412
 
2.   22,022




d)


Aggregated information
-     Aggregated volume
-     Price
 


1. £965,335.28
 
2. £108,788.68


1.   195,412
 
2.  22,022




e)


Date of the transaction


2018-03-23




f)


Place of the transaction


LONDON STOCK EXCHANGE, XLON











 
 



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