Director/PDMR Shareholding

RNS Number : 7111T

Aviva PLC

21 March 2023

 

21 March 2023

AVIVA PLC ("Aviva")

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

Aviva announces that:

·   On 20 March 2023, the undernoted PDMRs were granted conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan ("ABP") and the Aviva Long Term Incentive Plan ("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 2022 . The Executive Director ABP and LTIP awards are also set out in the Directors' Remuneration Report published on 9th March 2023 in the 2022 Annual Report and Accounts.

·   The ABP awards for the PDMRs will vest in three equal annual tranches in accordance with the plan rules.

·   The LTIP awards for the PDMRs will vest in 2026 in accordance with the plan rules. LTIP awards for Executive Directors are subject to a two-year post-vesting holding period and therefore will be released in 2028. The LTIP award granted to Mark Versey, CEO of Aviva Investors, is subject to a six-month post-vesting holding period and therefore will be released in September 2026.

·   The LTIP awards are subject to the achievement of financial and non-financial performance conditions (15% based on Solvency II Return on Equity, 25% based on cumulative cash remittances, 40% based on relative Total Shareholder Return against a comparator group, 7.5% based on Relationship Net Promoter Score gap to competition, 7.5% based on the reduction in CO₂ intensity of shareholder assets and with-profit funds, 2.5% based on females in senior leadership roles and 2.5% based on ethnically diverse employees in senior leadership roles). Financial measures are subject to meeting or exceeding a Solvency II shareholder cover ratio of 160%. Performance will be measured over a three-year performance period from 1 January 2023 to 31 December 2025. The amounts shown below represent the maximum possible opportunity.

·     The LTIP awards granted to Douglas Brown, CEO of UK & Ireland Life Insurance, and Mark Versey, Chief Executive Officer of Aviva Investors, are also subject to personal performance conditions, in line with Investment Firms Prudential Regime (IFPR) regulations. Individual performance is therefore considered at both the point of grant and also prior to any vesting.

·   Under each of the ABP and LTIP awards, additional shares are awarded at vesting in lieu of dividends on the shares that vest.

·   The awards were granted for nil consideration.

PDMRs	Number of ABP shares awarded	Number of LTIP Shares Awarded
Amanda Blanc	326,208	881,418
Douglas Brown	103,300	302,200
Kirstine Cooper	63,569	230,317
Charlotte Jones	46,115	371,393
Jason Storah	74,267	208,312
Mark Versey	72,432	94,621
Adam Winslow	89,853	302,200

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).

Media Enquiries:

Andrew Reid                                                                             [phone]

Sarah Swailes                                                                           [phone]

General Enquiries:

Kate Graham, 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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	326,208
d)	Aggregated information -     Aggregated volume -     Price	Nil	326,208
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	881,418
d)	Aggregated information -     Aggregated volume -     Price	Nil	881,418
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	Douglas Brown
2	Reason for the notification
a)	Position/status	CEO of 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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	103,300
d)	Aggregated information -     Aggregated volume -     Price	Nil	103,300
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	Douglas Brown
2	Reason for the notification
a)	Position/status	CEO of 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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	302,200
d)	Aggregated information -     Aggregated volume -     Price	Nil	302,200
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

 

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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	63,569
d)	Aggregated information -     Aggregated volume -     Price	Nil	63,569
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	230,317
d)	Aggregated information -     Aggregated volume -     Price	Nil	230,317
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	Charlotte Jones
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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	46,115
d)	Aggregated information -     Aggregated volume -     Price	Nil	46,115
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	Charlotte Jones
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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	371,393
d)	Aggregated information -     Aggregated volume -     Price	Nil	371,393
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	74,267
d)	Aggregated information -     Aggregated volume -     Price	Nil	74,267
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	208,312
d)	Aggregated information -     Aggregated volume -     Price	Nil	208,312
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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 Versey
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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	72,432
d)	Aggregated information -     Aggregated volume -     Price	Nil	72,432
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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 Versey
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 -     GB00BPQY8M80
b)	Nature of transaction	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	94,621
d)	Aggregated information -     Aggregated volume -     Price	Nil	94,621
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	89,853
d)	Aggregated information -     Aggregated volume -     Price	Nil	89,853
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

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	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	Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	302,200
d)	Aggregated information -     Aggregated volume -     Price	Nil	302,200
e)	Date of the transaction	2023-03-20
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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