2nd Dec 2020 11:11
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 30 November 2020 it was notified that David Ward, Finance Director & Company Secretary of the Company, and his wife Joanne Ward sold a total of 4,417 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 prices of £10.74 and £11.29 per Nil Paid Right respectively, with the proceeds to be used to take up Nil Paid Rights under the Rights Issue.
David and Joanne Ward currently hold in aggregate 10,852 ordinary shares in the Company. David and Joanne Ward intend to subscribe for their remaining entitlements in the Rights Issue, such that their aggregate net new investment in the Company pursuant to the Rights Issue will amount to approximately £20,000.
Enquiries:
AVEVA Group plcMatt Springett (Head of Investor Relations)Tel: +44 7789 818 684
FTI ConsultingPR Adviser to AVEVAEdward BridgesDwight BurdenTel: +44 20 3727 1017
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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 | David Ward and Joanne Ward | ||||||
2 | Reason for the notification | |||||||
a) | Position/status of the person discharging managerial responsibilities | David Ward, Finance Director and Company Secretary 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 David Ward
2) Sale of Nil Paid Rights by Joanne Ward | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information i. Aggregated volume
ii. Price |
i. 4,417
ii. £48,057.79 | ||||||
e) | Date(s) of the transaction(s) | 1) 27 November 2020 2) 30 November 2020 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Related Shares:
AVV.L