Director/PDMR Shareholding

RNS Number : 6165D

Aviva PLC

31 March 2014

 



31 March 2014

AVIVA PLC ("Aviva")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

Aviva announces that:

·      On 29 March 2011, Jason Windsor, Kirstine Cooper and John Lister (PDMRs) were granted awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP) and the Aviva Long Term Incentive Plan 2011 (LTIP).

·      In accordance with the rules of these Plans, and following performance testing of the LTIP award, the awards have vested and the number of shares specified below were released. The grant of awards under the LTIP was for nil consideration.  The awards under the ABP were granted at a price of £4.34 per share which was based on the average share price of an Aviva ordinary share for 3 days prior to the date of grant.  

·      The releases under the ABP and LTIP include additional shares received in lieu of dividends, which are subject to tax. The awards have been settled on a net-of-tax basis.

·      PDMRs are required to attain a minimum shareholding in Aviva (50% of base salary for PDMRs).  Mr Windsor, Mr Lister and Mrs Cooper have elected to retain all of the shares being released to them. 

PDMR	Jason Windsor	Kirstine Cooper	John Lister
2011 LTIP shares received	18,660	10,947	16,051
2011 ABP shares received	22,281	11,415	22,677
Total	40,941	22,362	38,728

This announcement is made pursuant to Disclosure and Transparency Rule 3.1.4. Aviva was notified of the above transactions on 31 March 2014.

Media Enquiries:

Andrew Reid                                                                              [phone]

Sarah Swailes                                                                           [phone]

General Enquiries:

Liz Nicholls, Company Secretarial                                               [phone]

 

END

 

 

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