Director/PDMR Shareholding

Aviva PLC

05 June 2024

 

                                                        

5 June 2024

Aviva plc

Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities (PDMRs)

Vesting of Aviva Recruitment and Retention Share Award Plan ("RRSAP")

On 3 June 2024, James Hillman received Aviva plc Ordinary Shares of 32¹⁷/₁₉ pence each (Shares) following the vesting of the award granted under the RRSAP in March 2024. This award was to replace, on like for like basis, deferred compensation forfeited on resignation from his previous employer.

PDMR	Award	No. of Shares vested	No. of Shares sold	No. of Shares held
James Hillman	RRSAP (2024)	41,596	19,599	21,997

The awards were released at a price of 481.488 pence.

The number of Shares vested included 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).

1	Details of the person discharging managerial responsibilities
a)	Name	James Hillman
2	Reason for the notification
a)	Position/status	Group Chief Risk Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
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 41,596 Shares under the RRSAP 2024. 2.  Sale of 19,599 Shares to cover tax (and costs).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £4.81488 2. £4.81488	1. 41,596 2. 19,599
d)	Aggregate information	Price(s)	Volume(s)
		1.  £4.81488 2.  £4.81488	1. 41,596 2. 19,599
e)	Date of the transaction	2024-06-03
f)	Place of the transaction	London Stock Exchange, XLON

-ends-

Enquiries:

Media:

Andrew Reid                                                                           [phone]

Sarah Swailes                                                                           [phone]

Marion Fischer                                                                         [phone]

Analysts:                                                                                                

Rupert Taylor Rea                                                                   [phone]

Joel von Sternberg                                                                   [phone]

Michael O'Hara                                                                        [phone]

Notes to editors:

·    We are the UK's leading diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.

·    We help our 19.2 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we'll be there to put it right.

·    We have been taking care of people for more than 325 years, in line with our purpose of being 'with you today, for a better tomorrow'. In 2023, we paid £25.6 billion in claims and benefits to our customers.

·    In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. We are aiming to have Net Zero carbon emissions from Aviva's operations and supply chain by 2030. While we are working towards our sustainability ambitions, we recognise that while we have control over Aviva's operations and influence on our supply chain, when it comes to decarbonising the economy in which we operate and invest, Aviva is one part of a far larger global ecosystem. There are also limits to our ability to influence other organisations and governments. Nevertheless, we remain focused on the task and are committed to playing our part in the collective effort to enable the global transition. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability

·    Aviva is a Living Wage, Living Pension and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at www.aviva.com/about-us/our-people

·    As at 31 December 2023, total Group assets under management at Aviva Group were £376 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2024 was £8.5 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.

·    For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us  

·    The Aviva newsroom at www.aviva.com/newsroom includes links to our spokespeople images, podcasts, research reports and our news release archive. Sign up to get the latest news from Aviva by email.

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