27th Nov 2020 16:14
AVEVA Group plc
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
The Company announces that on 26 November 2020 it was notified that James Kidd, Deputy CEO & CFO of the Company, and his wife Fiona Kidd sold a total of 17,359 nil paid rights (each a "Nil Paid Right"), pursuant to the rights issue announced by the Company on 6 November 2020 (the "Rights Issue"), at a price of £10.40 per Nil Paid Right, with the proceeds to be used to take up Nil Paid Rights under the Rights Issue.
James and Fiona Kidd currently hold in aggregate 52,562 ordinary shares in the Company. As a result of the above transactions, James and Fiona Kidd intend to subscribe for their remaining entitlements in the Rights Issue, totalling 23,521 ordinary shares, such that their aggregate net new investment in the Company pursuant to the Rights Issue will amount to approximately £350,000.
Enquiries:
AVEVA Group plc
Matt Springett (Head of Investor Relations)
Tel: +44 7789 818 684
FTI Consulting
PR Adviser to AVEVA
Edward Bridges
Dwight Burden
Tel: +44 20 3727 1017
The Notification of Dealing Form set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / persons closely associated | |||||||
a) | Name | James Kidd and Fiona Kidd | ||||||
2 | Reason for the notification | |||||||
a) | Position/status of the person discharging managerial responsibilities | James Kidd, Deputy CEO & CFO of the Company (PDMR) and PCA to PDMR | ||||||
b) | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer | |||||||
a) | Name | AVEVA Group plc | ||||||
b) | LEI | 213800XHATUM2LFMKG16 | ||||||
4 | Details of the transaction(s) | |||||||
a) | Description of the financial instrument, type of instrument Identification code | Nil Paid Rights GB00BMC45194 | ||||||
b) | Nature of the transaction | 1) Sale of Nil Paid Rights by James Kidd
2) Sale of Nil Paid Rights by Fiona Kidd | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information i. Aggregated volume
ii. Price |
i. 17,359
ii. £180,533.60 | ||||||
e) | Date of the transaction | 26 November 2020 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Related Shares:
AVV.L