2nd Jun 2009 08:54
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PERSON DISCHARGING MANAGERIAL REPONSIBILITY AND CONNECTED PERSONS
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Name of the issuer AVEVA GROUP PLC |
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State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4DR(1)(a); or (ii) DR3.1.4(R) (1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) NOTIFICATION UNDER (i) |
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Name of person discharging managerial responsibilities/director SEE ATTACHED SCHEDULE |
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State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connect person APPLEBY TRUST (JERSEY) LIMITED AS TRUSTEE OF THE AVEVA GROUP EMPLOYEE BENEFIT TRUST 2008 |
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Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest NON-BENEFICIAL INTEREST |
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Description of shares (including class), debenture or derivates or financial instruments relating to shares ORDINARY SHARES OF 3.33 PENCE EACH |
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Name of registered shareholder(s) and, if more than one, the number of shares held by each of them NATWEST STOCKBROKERS LIMITED AS NOMINEE FOR APPLEBY TRUST (JERSEY) LIMITED |
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State the nature of the transaction PURCHASE OF ORDINARY SHARES OF 3.33 PENCE EACH |
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Number of shares, debentures or financial instruments relating to shares acquired 89,016 SHARES |
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Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.13% |
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Number of shares, debentures or financial instruments relating to shares disposed N/A |
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Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage N/A |
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Price per share of value of transaction £7.2895 |
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Date and place of transaction 28 MAY 2009, LONDON |
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Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 125,464 SHARES (0.18%) |
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Date issuer informed of transaction 29 MAY 2009 |
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Date of grant N/A |
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Period during which or date on which it can be exercised N/A |
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Total amount paid (if any) for grant of the option N/A |
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Description of shares or debentures involved (class and number) N/A |
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Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A |
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Total number of shares or debentures over which options held following notification N/A |
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Any additional information SEE ATTACHED SCHEDULE |
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Name of contract and telephone number for queries LINDSEY BLEWETT 01223 556619 |
SCHEDULE
The names of the persons discharging managerial responsibilities ("PDMRs") in respect of whom this notification is made are:
Richard Longdon
Paul Taylor
David Wheeldon
Derek Middlemas
Hilary Wright
On 28 May 2009 Appleby Trust (Jersey) Limited as trustee of the AVEVA Group Employee Benefit Trust 2008 (the "EBT") purchased 89,016 ordinary shares of 3.33 pence each in AVEVA Group plc ("shares"). These shares were purchased in the market in order to enable the EBT to satisfy options granted under the AVEVA Group Management Bonus Deferred Share Scheme (the "Deferred Share Scheme") on 27 May 2009 to the five above-named PDMRs and a further 24 employees in the AVEVA group.
These options serve as the mechanism to deliver shares on a deferred basis to recipients as a deferred bonus in respect of the financial year ended 31 March 2009. A separate RNS announcement issued today provides details of the options granted to the above-named PDMRs in respect of a total of 61,735 shares out of the 89,016 purchased by the EBT.
The balance of 27,281 shares has been purchased by the EBT in order to satisfy options granted to the 24 employees who are not PDMRs being options which are normally exercisable in three tranches over three years provided that the option holder remains an employee or director of the AVEVA group.
Related Shares:
AVV.L