Remuneration Information • Mar 25, 2020
Remuneration Information
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RNS Number : 5307H
Aviva PLC
25 March 2020
25 March 2020
AVIVA PLC ("Aviva")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Aviva announces that:
· On 23 March 2020, 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 2019; this includes Jan-Hendrik Erasmus's 2019 bonus that he forfeited on resignation from his previous employer. The Executive Director ABP and LTIP awards are also set out in the Directors' Remuneration Report published in the 2019 Annual Report and Accounts.
· In addition, on 23 March 2020, the following PDMRs, Erica Arnold, Chief Operating Officer, Jan-Hendrik Erasmus, Group Chief Risk Officer and Danielle Harmer, Chief People Officer, were granted awards under the Aviva Recruitment and Retention Share Award Plan ("RRSAP") to replace, on a like for like basis, deferred compensation they forfeited on resignation from their previous employers. Two of Erica Arnold's awards are performance-based awards related to the 2018 and 2019 performance conditions set by her previous employer. Danielle Harmer's award is not subject to performance conditions, however, the release of any shares is conditional on her previous employer lifting its current restrictions on deferred awards. Jan-Hendrik Erasmus's award does not have any conditions.
· 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 2023 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 2025.
· The LTIP awards are subject to the achievement of performance targets (50% based on Solvency II Return on Equity and 50% based on relative Total Shareholder Return against a comparator group). The Solvency II Shareholder Cover Ratio is to meet or exceed the minimum of the stated working range - currently 160% to 180% as a gateway hurdle. These targets will be measured over a three-year performance period from 1 January 2020 to 31 December 2022. The amounts shown below represent the maximum possible opportunity.
· Due to their position, in the case of Angela Darlington, Chief Executive Officer, UK Life, Euan Munro, Chief Executive Officer, Aviva Investors and Lindsey Rix, Chief Executive Officer of UK Savings and Retirement, the awards are also subject to personal performance conditions, in line with CRD IV regulations. Individual performance is therefore considered at both the point of granting 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 shares that vest.
· The awards were made for nil consideration.
· The price used to calculate the number of ABP and LTIP shares awarded was £2.29, being the average of the mid-market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 23 March 2020, and in line with the method of calculation used for awards granted to other employees. While the share price has trended lower recently due to various global factors, we believe that these are not specific to Aviva. The Committee has determined that the price used to calculate the number of ABP and LTIP shares awarded is therefore appropriate. It is also noted that under the terms of the awards granted, the Committee has full discretion to ensure that the final vesting outcomes are justified based on the performance of the Group in light of all relevant factors. The Committee is mindful of the need to ensure there are not any windfall gains as a result of share price movements.
· The price used to calculate the number of RRSAP shares awarded are set out as follows:
· £4.21 in respect of the RRSAP for Erica Arnold, being the average of the mid- market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 1 January 2020.
· £4.04 in respect of the RRSAP for Jan-Hendrik Erasmus, being the average of the mid- market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 1 February 2020.
· £4.12 in respect of the RRSAP for Danielle Harmer, being the average of the mid- market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 17 February 2020.
| PDMR | Number of RRSAP bonus buyout shares awarded - non performance based | Number of RRSAP performance based buyout shares awarded - for assessment in 2021 | Number of RRSAP performance based buyout shares awarded - for assessment in 2022 |
| Erica Arnold | 143,249 | 182,929 | 174,688 |
| Jan-Hendrik Erasmus | 100,514 | - | - |
| Danielle Harmer | 6,205 | - | - |
| PDMRs | Number of ABP shares awarded | Number of LTIP Shares Awarded |
| Maurice Tulloch | 258,024 | 1,277,292 |
| Jason Windsor | 127,684 | 663,209 |
| Nitinbhai Amin | 103,245 | - |
| Erica Arnold | - | 436,681 |
| Kirstine Cooper | 76,900 | 436,681 |
| Angela Darlington | 95,800 | 436,681 |
| Patrick Dixneuf | 68,778 | 436,681 |
| Jan-Hendrik Erasmus | 77,810 | 436,681 |
| Danielle Harmer | - | 305,676 |
| Colm Holmes | 111,710 | 524,017 |
| Euan Munro | 228,502 | 327,510 |
| Lindsey Rix | 35,865 | 371,179 |
| Chetan Singh | 55,789 | 349,344 |
| Chris Wei | 157,577 | - |
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 | Maurice Tulloch | |
| 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) |
| Nil cost option | 258,024 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 258,024 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | 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) |
| Nil cost option | 1,277,292 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 1,277,292 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Jason Windsor | |
| 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) |
| Nil cost option | 127,684 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 127,684 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Jason Windsor | |
| 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) |
| Nil cost option | 663,209 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 663,209 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Interim CEO Aviva Insurance Ireland DAC | |
| 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) |
| Nil cost option | 103,245 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 103,245 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Erica Arnold | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating 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) |
| Nil cost option | 436,681 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 436,681 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Erica Arnold | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating 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 Recruitment and Retention Share Award Plan (RRSAP) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil cost option | 143,249 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 143,249 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Erica Arnold | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating 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 Recruitment and Retention Share Award Plan (RRSAP) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil cost option | 182,929 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 182,929 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Erica Arnold | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating 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 Recruitment and Retention Share Award Plan (RRSAP) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil cost option | 174,688 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 174,688 |
| e) | Date of the transaction | 2020-03-23 | |
| 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) |
| Nil cost option | 76,900 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 76,900 |
| e) | Date of the transaction | 2020-03-23 | |
| 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) |
| Nil cost option | 436,681 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 436,681 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Chief Executive Officer, UK 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) |
| Nil cost option | 95,800 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 95,800 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Chief Executive Officer, UK 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) |
| Nil cost option | 436,681 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 436,681 |
| e) | Date of the transaction | 2019-03-23 | |
| 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 | Patrick Dixneuf | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO Aviva Europe and Aviva France | |
| 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) |
| Nil cost option | 68,778 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 68,778 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Patrick Dixneuf | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO Aviva Europe and Aviva France | |
| 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) |
| Nil cost option | 436,681 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 436,681 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Jan-Hendrik Erasmus | |
| 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) |
| Nil cost option | 77,810 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 77,810 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Jan-Hendrik Erasmus | |
| 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) |
| Nil cost option | 436,681 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 436,681 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Jan-Hendrik Erasmus | |
| 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 Recruitment and Retention Share Award Plan (RRSAP) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil cost option | 100,514 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 100,514 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Danielle Harmer | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief People 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) |
| Nil cost option | 305,676 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 305,676 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Danielle Harmer | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief People 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 Recruitment and Retention Share Award Plan (RRSAP) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil cost option | 6,205 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 6,205 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Colm Holmes | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, 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 - 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) |
| Nil cost option | 111,710 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 111,710 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Colm Holmes | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, 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 - 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) |
| Nil cost option | 524,017 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 524,017 |
| e) | Date of the transaction | 2020-03-23 | |
| 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) |
| Nil cost option | 228,502 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 228,502 |
| e) | Date of the transaction | 2020-03-23 | |
| 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) |
| Nil cost option | 327,510 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 327,510 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Lindsey Rix | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, UK Savings and Retirement | |
| 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) |
| Nil cost option | 35,865 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 35,865 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Lindsey Rix | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, UK Savings and Retirement | |
| 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) |
| Nil cost option | 371,179 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 371,179 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Chetan Singh | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Strategy and M&A 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) |
| Nil cost option | 55,789 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 55,789 |
| e) | Date of the transaction | 2020-03-23 | |
| 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 | Chetan Singh | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Strategy and M&A 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) |
| Nil cost option | 349,344 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 349,344 |
| e) | Date of the transaction | 2020-03-23 | |
| 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) |
| Nil cost option | 157,577 | ||
| d) | Aggregated information - Aggregated volume - Price |
Nil cost option | 157,577 |
| e) | Date of the transaction | 2019-03-23 | |
| f) | Place of the transaction | LONDON STOCK EXCHANGE, XLON |
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 [email protected] or visit www.rns.com.
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