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Smaller related party transaction

12th May 2021 07:00

RNS Number : 2817Y

AVEVA Group PLC

12 May 2021

AVEVA GROUP PLC

(AVEVA)

Smaller related party transaction

On 11 May 2021, AVEVA entered into an agreement pursuant to which it has agreed to sell its Acquis Software, Termis Software and Water Loss Management Software businesses together (the Businesses) to Schneider Electric for an aggregate consideration of £2.6 million (the Transaction). Completion of the Transaction is expected to occur in or around July 2021.

For the purposes of Chapter 11 of the Listing Rules, Schneider Electric is a related party of the Company. Pursuant to Listing Rule 11.1.10R, the Transaction constitutes a smaller related party transaction and this announcement is made in accordance with Listing Rule 11.1.10R(2)(c).

Enquiries:

AVEVA Group plc

Matt Springett (Head of Investor Relations)

Tel: +44 7789 818 684

FTI Consulting LLP

PR Adviser to AVEVA

Edward Bridges

Dwight Burden

Tel: +44 20 3727 1017

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