Director/PDMR Shareholding

RNS Number : 0554J

Aviva PLC

27 March 2018

 

27 March 2018

AVIVA PLC ("Aviva")

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

Aviva announces that:

·    On 26 March 2018, the undernoted PDMRs were granted conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 ("ABP") and the Aviva Investors 2015 Long Term Incentive Plan ("AI LTIP"). The ABP awards represent the deferral, for a period of three years, of a percentage of the bonuses paid to PDMRs in respect of 2017.

·    The ABP awards for the PDMRs will vest in 2021 in accordance with the plan rules.

·    In the case of the AI LTIP, the 2018 award will vest in 2023 in accordance with the plan rules. The AI LTIP award is initially granted by reference to a notional cash amount and is subject to the achievement of performance targets based on the delivery of compound annual growth in Aviva Investors' operating profit. This target will be measured over a three year performance period from 1 January 2018 to 31 December 2020. In 2021, the performance measurement will be applied and the resulting value will be converted into Aviva Ordinary shares based on their value at that time, with vesting after a further two years. The amount shown in the table below represents 100% of the target opportunity for the 2018 award under the AI LTIP, with maximum opportunity at 300%.

·    Similar awards with the same notional target value were granted to Euan Munro in 2016 and 2017. The 2016 award will vest in 2021 in accordance with the plan rules. The award will be performance measured in 2019 to reflect a three year performance period from 1 January 2016 to 31 December 2018. The 2017 award will vest in 2022 in accordance with the plan rules. The award will be performance measured in 2020 to reflect a three year performance period from 1 January 2017 to 31 December 2019.

·    Under each of the ABP and LTIP awards, additional shares are awarded at vesting in lieu of dividends on shares that vest and in the case of the AI LTIP, additional shares in lieu of dividends will only be applied once the award is converted into shares (and then awarded at vesting).

·    The awards were made for nil consideration.

·    The price used to calculate the number of ABP and LTIP shares awarded was £5.04.

PDMRs	Number of ABP shares awarded	Notional target value of AI LTIP awarded
Nitinbhai Amin	66,096
Andy Briggs	135,185
Kirstine Cooper	51,190
Angela Darlington	58,928
Euan Munro	184,337	£750,000
Tom Stoddard	131,851
Maurice Tulloch	110,529
Chris Wei	77,792
Mark Wilson	257,290

This announcement, in relation to transactions in London, United Kingdom, is made pursuant to with Article 19 of the EU Market Abuse Regulation 596/2014.

Media Enquiries:

Andrew Reid                                                                              [phone]

Sarah Swailes                                                                           [phone]

Share Award Enquiries:

Elena Petrou, Company Secretarial                                             [phone]

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Nitinbhai Amin
2	Reason for the notification
a)	Position/status	Group Chief Operations and IT Officer
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	66,096
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	66,096
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Andrew Briggs
2	Reason for the notification
a)	Position/status	Chief executive officer UK Insurance and Chairman of Global Life
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	135,185
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	135,185
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Kirstine Cooper
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	51,190
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	51,190
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Angela Darlington
2	Reason for the notification
a)	Position/status	Group Chief Risk Officer
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	58,928
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	58,928
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Euan Munro
2	Reason for the notification
a)	Position/status	Chief executive officer, Aviva Investors
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	184,337
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	184,337
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Tom Stoddard
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	131,851
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	131,851
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Maurice Tulloch
2	Reason for the notification
a)	Position/status	Chief Executive Officer, International Insurance
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	110,529
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	110,529
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Chris Wei
2	Reason for the notification
a)	Position/status	Executive Chairman of Asia and FPI and Global Chairman Aviva Digital
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	77,792
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	77,792
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Mark Wilson
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	257,290
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	257,290
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Euan Munro
2	Reason for the notification
a)	Position/status	Chief executive officer, Aviva Investors
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	TBC. See above.
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Euan Munro
2	Reason for the notification
a)	Position/status	Chief executive officer, Aviva Investors
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	TBC. See above.
e)	Date of the transaction	2017-03-27
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Euan Munro
2	Reason for the notification
a)	Position/status	Chief executive officer, Aviva Investors
b)	Initial notification/Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AVIVA PLC
b)	LEI	YF0Y5B0IB8SM0ZFG9G81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	-      SHARES -      GB0002162385
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Investors 2015 Long Term Incentive Plan (AI LTIP).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil cost option	TBC. The Aviva plc ordinary shares to which the award relates will only be determined after a three year performance period (in accordance with a specified formula and the share price at that time).
d)	Aggregated information -      Aggregated volume -      Price	Nil cost option	TBC. See above.
e)	Date of the transaction	2016-03-21
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

 

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