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Aviva PLC (AV.)

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Monday 30 March, 2020

Aviva PLC

Director/PDMR Shareholding

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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