Director/PDMR Shareholding
29 March 2022
AVIVA PLC ("Aviva")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Aviva announces:
Aviva Annual Bonus Plan (ABP), Aviva Long Term Incentive Plan (LTIP) and Aviva Recruitment and Retention Share Award Plan ("RRSAP")
On 25 March 2022, in London, and in line with the normal timetable, the following PDMRs received Aviva ordinary shares of 25 pence each (Shares) following the vesting of awards -
· Granted in 2019, 2020 and 2021 under the ABP.
· Granted in 2019 under the LTIP. Prior to joining the Executive Committee (ExCO) certain PDMRs were granted Restricted Stock Unit (RSU) awards. The RSU awards made to Mark Versey have personal performance conditions aligned with CRD IV requirements.
· In 2019 Mark Versey had an award granted under the RRSAP for retention and recognition purposes. In 2021 Douglas Brown, Stephen Doherty and Adam Winslow all had awards granted under the RRSAP to replace, on a like for like basis, deferred compensation forfeited on resignation from their previous employers.
|
Name |
ABP or LTIP/RSU |
Price at which shares granted (pence) |
Shares received from ABP, LTIP or RRSAP awards |
No. of shares sold |
Release price (pence) |
|
Amanda Blanc |
ABP (2021) |
395p
|
18,387
|
-
|
437.80p |
|
Nitinbhai Amin |
ABP (2019) ABP (2020) ABP (2021) |
421p 229p 395p |
13,750 19,985 13,214 |
- - - |
437.80p 437.80p 437.80p |
|
Douglas Brown |
RRSAP |
409p |
29,719
|
-
|
437.80p |
|
Kirstine Cooper |
ABP (2019) ABP (2020) ABP (2021) |
421p 229p 395p |
9,693 14,885 8,307 |
- - - |
437.80p 437.80p 437.80p |
|
John Cummings |
ABP (2019) ABP (2020) ABP (2021) RSU |
421p 229p 395p 421p
|
3,878 5,353 4,485 18,342
|
- - - - |
437.80p 437.80p 437.80p 437.80p |
Stephen Doherty | RRSAP | 408p | 19,898 | -
| 437.80p |
Danielle Harmer | ABP (2021)
| 395p | 6,090 | -
| 437.80p |
Andrea Montague | ABP (2020) ABP (2021) | 229p 395p | 4,789 4,658 | - - | 437.80p 437.80p |
Martin O'Malley | ABP (2020) ABP (2021) RSU | 229p 395p 421p | 5,839 4,189 13,370 | - - - | 437.80p 437.80p 437.80p |
Jason Storah | ABP (2019) ABP (2020) ABP (2021) RSU | 421p 229p 395p 421p | 2,889 9,305 5,948 16,657 | - - - - | 437.80p 437.80p 437.80p 437.80p |
Mark Versey | RSU RRSAP | 421p 421p | 13,924 3,527 | - - | 437.80p 437.80p |
Adam Winslow | RRSAP | 328p | 42,054 | -
| 437.80p |
· The releases under the ABP, LTIP and RRSAP include additional Shares received in lieu of dividends, which are subject to tax. The awards have been settled on a net-of-tax basis.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).
Aviva was notified of the above transactions on 25 March 2022.
Media Enquiries:
Andrew Reid +44 (0)7800 694276
Sarah Swailes +44 (0)207 662 6700
General Enquiries:
Elena Petrou, Company Secretarial +44 (0)7800 694 843
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | AMANDA BLANC | ||
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 | 1. VESTING OF 34,770 ABP 2021 SHARES.
2. 16,383 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 18,387 SHARES RETAINED.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
|
| 1. £4.378
2. £4.378 | 1. 34,770
2. 18,387
| |
d) | Aggregated information - Aggregated volume - Price
| 1. £152,223.06
2. £80,498.29
| 1. 34,770
2. 18,387
| |
e) | Date of the transaction | 2022-03-25 | ||
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | NITINBHAI AMIN | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF OPERATNG 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 | 1. VESTING OF 88,784 ABP 2019, 2020 and 2021 SHARES
2. 41,835 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 46,949 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 88,784
2. 46,949
|
d) | Aggregated information - Aggregated volume - Price
| 1. £388,696.35
2. £205,542.72 | 1. 88,784
2. 46,949
|
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | DOUGLAS BROWN | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF EXECUTIVE OFFICER, UK & IRELAND 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 | 1. VESTING OF 56,200 RRSAP SHARES
2. 26,481 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 29,719 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 56,200
2. 29,719
|
d) | Aggregated information - Aggregated volume - Price
| 1. £246,043.60
2. £130,109.78 | 1. 56,200
2. 29,719
|
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
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 | 1. VESTING OF 62,189 ABP 2019, 2020 and 2021 SHARES
2. 29,304 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 32,885 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 62,189
2. 32,885
|
d) | Aggregated information - Aggregated volume - Price
| 1. £272,263.44
2. £143,970.53 | 1. 62,189
2. 32,885 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | JOHN CUMMINGS | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF INFORMATION 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 | 1. VESTING OF 25,939 ABP 2019, 2020 AND 2021 SHARES AND 34,686 RSU 2019 SHARES.
2. 28,567 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 32,058 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 60,625
2. 32,058
|
d) | Aggregated information - Aggregated volume - Price
| 1. £265,416.25
2. £140,349.92 | 1. 60,625
2. 32,058 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | STEPHEN DOHERTY | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF BRAND AND CORPORATE AFFAIRS 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 | 1. VESTING OF 37,628 RRSAP SHARES.
2. 17,730 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 19,898 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 37,628
2. 19,898
|
d) | Aggregated information - Aggregated volume - Price
| 1. £164,735.38
2. £87,113.44 | 1. 37,628
2. 19,898 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | DANIELLE HARMER | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF PEOPLE 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 | 1. VESTING OF 11,517 ABP 2021 SHARES.
2. 5,427 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 6,090 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 11,517
2. 6,090
|
d) | Aggregated information - Aggregated volume - Price
| 1. £50,421.43
2. £26,662.02 | 1. 11,517
2. 6,090 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | ANDREA MONTAGUE | |
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 | 1. VESTING OF 17,867 ABP 2020 AND 2021 SHARES.
2. 8,420 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 9,447 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 17,867
2. 9,447
|
d) | Aggregated information - Aggregated volume - Price
| 1. £78,221.73
2. £41,358.97 | 1. 17,867
2. 9,447
|
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | MARTIN O'MALLEY | |
2 | Reason for the notification | ||
a) | Position/status | GROUP CHIEF AUDIT 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 | 1. VESTING OF 18,965 ABP 2020 AND 2021 SHARES AND 25,283 RSU 2019 SHARES.
2. 20,850 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 23,398 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 3. £4.378
4. £4.378 | 1. 44,248
2. 23,398
|
d) | Aggregated information - Aggregated volume - Price
| 1. £193,717.74
2. £102,436.44 | 3. 44,248
2. 23,398 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | JASON STORAH | |
2 | Reason for the notification | ||
a) | Position/status | CHIEF EXECUTIVE OFFICER, AVIVA CANADA | |
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 | 1. VESTING OF 39,157 ABP 2019, 2020 AND 2021 SHARES AND 35,950 RSU 2019 SHARES.
2. 40,308 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 34,799 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 75,107
2. 34,799
|
d) | Aggregated information - Aggregated volume - Price
| 1. £328,818.45
2. £152,350,02 | 1. 75,107
2. 34,799 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | MARK VERSEY | |
2 | Reason for the notification | ||
a) | Position/status | CEO OF 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 | 1. VESTING OF 26,331 RSU 2019 SHARES AND 6,670 RRSAP SHARES.
2. 15,550 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 17,451 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 33,001
2. 17,451
|
d) | Aggregated information - Aggregated volume - Price
| 1. £144,478.38
2. £76,400.48 | 1. 33,001
2. 17,451 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | ADAM WINSLOW | |
2 | Reason for the notification | ||
a) | Position/status | CEO OF AVIVA UK & IRELAND GENERAL 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 | 1. VESTING OF 79,525 RRSAP SHARES.
2. 37,471 SHARES WITHELD TO COVER TAX LEAVING BALANCE OF 42,054 SHARES RETAINED.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| 1. £4.378
2. £4.378 | 1. 79,525
2. 42,054
|
d) | Aggregated information - Aggregated volume - Price
| 1. £ 348,160.45
2. £184,112.41 | 1. 79,525
2. 42,054 |
e) | Date of the transaction | 2022-03-25 | |
f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON | |
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