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Aviva PLC Remuneration Information 2017

Mar 28, 2017

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Remuneration Information

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RNS Number : 7364A

Aviva PLC

28 March 2017

28 March 2017

AVIVA PLC ("Aviva")

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

Aviva announces that:

·    On 27 March 2017, the undernoted PDMRs were granted conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 ("ABP") and the Aviva Long Term Incentive Plan 2011 ("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 2016.

·    The awards for the PDMRs will vest in 2020 in accordance with the plan rules. LTIP awards for Executive Directors are subject to an additional two year post-vesting holding period and therefore will be released in 2022.

·    The LTIP awards are subject to the achievement of performance targets (50% based on absolute Return on Equity and 50% based on relative Total Shareholder Return against a comparator group). These targets will be measured over a three year performance period from 1 January 2017 to 31 December 2019. The amounts shown below represent the maximum possible opportunity.

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

·    The awards were made for nil consideration. 

·    The price used to calculate the number of ABP and LTIP shares awarded was £5.30.

PDMRs Number of ABP shares awarded Number of LTIP shares awarded
Nitinbhai Amin 54,245 188,679
Andy Briggs 116,530 302,532
Kirstine Cooper 46,698 188,679
Angela Darlington 50,943 188,679
Euan Munro 171,018 141,509
Tom Stoddard 118,061 295,153
Maurice Tulloch 70,969 286,091
Chris Wei 82,474 283,018
Mark Wilson 231,082 571,358

This announcement, in relation to transactions in London, United Kingdom, is made pursuant to with Article 19 of the EU Market Abuse Regulation 596/2014.

Media Enquiries:

Andrew Reid                                                                              +44 (0)207 662 3131

Sarah Swailes                                                                           +44 (0)207 662 6700

Share Award Enquiries:

Elena Petrou, Company Secretarial                                             +44 (0)207 662 1268

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 Nitinbhai Amin
2 Reason for the notification
a) Position/status Group Chief Operations and IT 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 54,245
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £287,498.50
54,245
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Nitinbhai Amin
2 Reason for the notification
a) Position/status Group Chief Operations and IT 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 188,679
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £999,998.70
188,679
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Andrew Briggs
2 Reason for the notification
a) Position/status Chief executive officer UK Insurance and Chairman of Global 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 116,530
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £617,609
116,530
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Andrew Briggs
2 Reason for the notification
a) Position/status Chief executive officer UK Insurance and Chairman of Global 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 302,532
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £1,603,419.60
302,532
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 46,698
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £247,499.40
46,698
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 188,679
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £999,998.70
188,679
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Angela Darlington
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 50,943
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £269,997.90
50,943
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Angela Darlington
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 188,679
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £999,998.70
188,679
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Euan Munro
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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 171,018
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £906,395.40
171,018
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Euan Munro
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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 141,509
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £749,997.70
141,509
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Tom Stoddard
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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 118,061
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £625,723.30
118,061
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Tom Stoddard
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

-      GB0002162385
b) Nature of transaction Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 295,153
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £1,564,310.90
295,153
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Maurice Tulloch
2 Reason for the notification
a) Position/status Chief Executive Officer, International 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 70,969
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £376,135.70
70,969
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Maurice Tulloch
2 Reason for the notification
a) Position/status Chief Executive Officer, International 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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 286,091
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £1,516,282.30
286,091
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Chris Wei
2 Reason for the notification
a) Position/status Executive Chairman of Asia and FPI and Global Chairman Aviva Digital
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 82,474
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £437,112.20
82,474
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Chris Wei
2 Reason for the notification
a) Position/status Executive Chairman of Asia and FPI and Global Chairman Aviva Digital
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 283,018
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £1,499,995.40
283,018
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Wilson
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Annual Bonus Plan 2011 (ABP)
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 231,082
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £1,224,734.60
231,082
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

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 Wilson
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 Grant of conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 (LTIP).
c) Price(s) and volume(s) Price(s) Volume(s)
£5.30 571,358
d) Aggregated information

-      Aggregated volume

-      Price
-      £5.30 per share

-      Total Price £3,028,197.40
571,358
e) Date of the transaction 2017-03-27
f) Place of the transaction LONDON STOCK EXCHANGE, XLON

This information is provided by RNS

The company news service from the London Stock Exchange

END

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