Director/PDMR Shareholding

RNS Number : 1791U

Aviva PLC

24 March 2023

 

24 March 2023

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 23 March 2023, in London, and in line with the normal timetable, the following PDMRs received Aviva ordinary shares of 32¹⁷/₁₉  pence each ("Shares") following the vesting of awards:

· Granted in 2020, 2021 and 2022 under the ABP.

· Granted in 2020 under the LTIP. Prior to joining the Executive Committee, certain PDMRs were granted Restricted Stock Unit ("RSU") awards. The RSU awards granted to Mark Versey have personal performance conditions aligned with CRD IV requirements.

· In line with the 2021 Remuneration Policy, LTIP awards granted to Executive Directors are subject to a further two-year holding period following the sale to cover taxes.

· As disclosed in the Aviva Annual Report, published on 9 March 2023, the LTIP awards vested in accordance with the rules of the plan and following performance testing.

· In 2021, Douglas Brown and Adam Winslow 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 or RRSAP	Price at which shares granted (pence)	Shares received from ABP, LTIP or RRSAP awards	No. of shares sold	Release price (pence)
Amanda Blanc	LTIP ABP (2021) ABP (2022)	229p 395p 424p	538,864 36,823 98,024	- - -	416.00p 416.00p 416.00p
Douglas Brown	ABP (2022) RRSAP	424p 409p	33,303 85,213	- -	416.00p 416.00p
Kirstine Cooper	LTIP ABP (2020) ABP (2021) ABP (2022)	229p 229p 395p 424p	366,574 29,812 16,638 20,814	- - - -	416.00p 416.00p 416.00p 416.00p
Jason Storah	RSU ABP (2020) ABP (2021) ABP (2022)	229p 229p 395p 424p	143,583 21,270 13,596 24,262	- - - -	416.00p 416.00p 416.00p 416.00p
Mark Versey	RSU ABP (2022)	229p 424p	50,786 32,314	- -	416.00p 416.00p
Adam Winslow	ABP (2022) RRSAP	424p 328p	30,388 212,483	- -	416.00p 416.00p

· 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 23 March 2023.

Media Enquiries:

Andrew Reid  [phone]

General Enquiries:

Kate Graham, Company Secretarial  [phone]

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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 673,711 SHARES UNDER THE LTIP 2020 AND ABP 2021, 2022. 2. 322,369 SHARES WITHHELD TO COVER TAX, LEAVING BALANCE OF 351,342 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 673,711 2. 322,369
d)	Aggregated information -  Aggregated volume -  Price	1. £2,802,637.76 2. £1,341,055.04	1. 673,711 2. 322,369
e)	Date of the transaction	2023-03-23
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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 118,516 SHARES UNDER THE ABP 2022 AND RRSAP. 2. 55,843 SHARES WITHHELD TO COVER TAX LEAVING BALANCE OF 62,673 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 118,516 2. 55,843
d)	Aggregated information -  Aggregated volume -  Price	1. £493,026.56 2. £232,306.88	1. 118,516 2. 55,843
e)	Date of the transaction	2023-03-23
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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 433,838 SHARES UNDER THE LTIP 2020, ABP 2020, 2021 AND 2022. 2. 204,416 SHARES WITHHELD TO COVER TAX LEAVING BALANCE OF 229,422 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 433,838 2. 204,416
d)	Aggregated information -  Aggregated volume -  Price	1. £1,804,766.08 2. £850,370.56	1. 433,838 2. 204,416
e)	Date of the transaction	2023-03-23
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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 202,711 SHARES UNDER THE LTIP 2020, ABP 2020, 2021 AND 2022. 2. 108,785 SHARES WITHHELD TO COVER TAX LEAVING BALANCE OF 93,926 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 202,711 2. 108,785
d)	Aggregated information -  Aggregated volume -  Price	1. £843,277.76 2. £452,545.60	1. 202,711 2. 108,785
e)	Date of the transaction	2023-03-23
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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 83,100 SHARES UNDER THE LTIP 2020 AND ABP 2022. 2. 39,156 SHARES WITHHELD TO COVER TAX LEAVING BALANCE OF 43,944 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 83,100 2. 39,156
d)	Aggregated information -  Aggregated volume -  Price	1. £345,696.00 2. £162,888.96	1. 83,100 2. 39,156
e)	Date of the transaction	2023-03-23
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 -  GB00BPQY8M80
b)	Nature of transaction	1. VESTING OF 242,871 SHARES UNDER THE ABP 2022 AND RRSAP. 2. 114,435 SHARES WITHHELD TO COVER TAX LEAVING BALANCE OF 128,436 SHARES RETAINED.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.16 2. £4.16	1. 242,871 2. 114,435
d)	Aggregated information -  Aggregated volume -  Price	1. £1,010,343.36 2. £476,049.60	1. 242,871 2. 114,435
e)	Date of the transaction	2023-03-23
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

 

END

 

 

DSHBZLFLXXLEBBK