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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 GBP22.55 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

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END

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(END) Dow Jones Newswires

December 14, 2020 11:01 ET (16:01 GMT)

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