2nd Jun 2009 08:53
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PERSON DISCHARGING MANAGERIAL REPONSIBILITY AND CONNECTED PERSONS
|
1 |
Name of the issuer AVEVA GROUP PLC |
2 |
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) |
|
3 |
Name of person discharging managerial responsibilities/director SEE ATTACHED SCHEDULE |
4 |
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connect person N/A |
|
5 |
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 HOLDING IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE |
6 |
Description of shares (including class), debenture or derivates or financial instruments relating to shares OPTIONS TO ACQUIRE ORDINARY SHARES OF 3.33 PENCE EACH |
|
7 |
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 |
8 |
State the nature of the transaction OPTION GRANTS BY APPLEBY TRUST (JERSEY) LIMITED AS TRUSTEE OF THE AVEVA GROUP EMPLOYEE BENEFIT TRUST 2008 |
|
9 |
Number of shares, debentures or financial instruments relating to shares acquired SEE ATTACHED SCHEDULE |
10 |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) SEE ATTACHED SCHEDULE |
|
11 |
Number of shares, debentures or financial instruments relating to shares disposed N/A |
12 |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage N/A |
|
13 |
Price per share of value of transaction NIL |
14 |
Date and place of transaction 29 MAY 2009, JERSEY |
|
15 |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) SEE ATTACHED SCHEDULE |
16 |
Date issuer informed of transaction 1 JUNE 2009 |
|
17 |
Date of grant N/A |
18 |
Period during which or date on which it can be exercised N/A |
|
19 |
Total amount paid (if any) for grant of the option N/A |
20 |
Description of shares or debentures involved (class and number) N/A |
|
21 |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A |
22 |
Total number of shares or debentures over which options held following notification N/A |
|
23 |
Any additional information SEE ATTACHED SCHEDULE |
24 |
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 27 May 2009, Appleby Trust (Jersey) Limited as trustee of the AVEVA Group Employee Benefit Trust 2008 (the "EBT") granted options to acquire ordinary shares of 3.33 pence each in AVEVA Group plc (the "Company") in favour of each of the above-named PDMRs.
These options have been granted under the AVEVA Group Management Bonus Deferred Share Scheme 2008 (the "Deferred Share Scheme") to serve as the mechanism to deliver ordinary shares of 3.33 pence each in the Company ("shares") on a deferred basis to recipients as a deferred bonus in respect of the financial year ended 31 March 2009.
The number of shares in respect of which an option was granted to each PDMR is set against his name below:
Richard Longdon 22,487
Paul Taylor 14,508
David Wheeldon 10,977
Derek Middlemas 10,861
Hilary Wright 2,902
Total 61,735
The options each have the following principal terms:
Provided that the option holder remains an employee or director of the AVEVA group, an option may normally be exercised as to one-third of the shares under option in the 42-day period commencing on the announcement of the Company's results for each of the financial years ending 31 March 2010, 2011 and 2012.
Following the death of an option holder, or on a takeover, reconstruction or amalgamation, or voluntary winding up of the Company, the option may be exercised in full to the extent that it has not already been exercised.
No amount has been paid or is payable for the grant of the option; no exercise price is payable on exercise of the option.
While the option will be treated as void if the option holder fails to return an acceptance notice in the period established by the rules of the scheme pursuant to which these options have been granted, the Company anticipates that such an acceptance notice will be given by each of the PDMRs in respect of whom this notification is made. The Company will issue a further RNS notification if, contrary to expectation, such an acceptance notice is not given by any of the PDMRs.
For each of these PDMRs, the total number of shares held and the total number of shares over which options to acquire shares are held following the grant of these options is respectively:
|
PDMR |
Shares held |
Shares under option |
|
Richard Longdon |
350,000 |
82,291 |
|
Paul Taylor |
50,000 |
53,660 |
|
David Wheeldon |
68,874 |
84,130 |
|
Derek Middlemas |
- |
38,024 |
|
Hilary Wright |
- |
8,577 |
Related Shares:
AVV.L