Close
RNS Number : 6086I
AVEVA Group PLC
14 December 2020
 

AVEVA Group plc

(the "Company")

Rights Issue - adjustments to awards under the AVEVA Group plc Long Term Incentive Plan 2014 ("LTIP"), the AVEVA Group plc Senior Employees Restricted Share Plan 2015 ("RSP") and the AVEVA Group plc Deferred Share Bonus Plan ("DSBP")

On 10 December 2020, the Company announced that the 7 for 9 rights issue of 125,739,796 new ordinary shares in the capital of the Company ("Ordinary Shares") at £22.55 per Ordinary Share (the "Rights Issue") had closed for acceptances at 11 a.m. (London time) on 9 December 2020.  

Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company hold options and awards of contingent rights to receive Ordinary Shares under the LTIP, RSP and DSBP (together the "Plans").

The Company's Remuneration Committee has approved adjustments to the maximum numbers of Ordinary Shares held under the Plans to reflect the effect of the Rights Issue.  On 10 December 2020, this resulted in the following adjustments to outstanding Ordinary Shares held under awards or options under the Plans, showing the total holding under each award or option post-adjustment:

 

 

Total Options / Awards Outstanding Post-Rights Issue Adjustment

Names

LTIP

 DSBP

RSP

Craig Hayman

 417,342

18,197

 

James Kidd

146,347 

19,927

 

Ravi Gopinath

 38,562

10,861

23,787

David Ward

27,291 

8,661

15,507

Steen Lomholt-Thomsen

101,406 

19,712

22,232

Andrew McCloskey

25,748 

5,671

24,585

Lisa Johnston

24,096 

3,773

21,645

 

This announcement should be read in conjunction with the announcements of PDMR participation in the Rights Issue which was made on 14 December 2020.

Enquiries:

AVEVA Group plc
Matt Springett (Head of Investor Relations)
Tel: +44 7789 818 684

FTI Consulting
PR Adviser to AVEVA
Edward Bridges
Dwight Burden
Tel: +44 20 3727 1017

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUSVVRRKUUAAA