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Form 8 (OPD) - AVEVA Group plc

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AVEVA Group plc (AVV)
Form 8 (OPD) - AVEVA Group plc
08-Sep-2022 / 12:11 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the “Code”)

 

1. KEY INFORMATION

 

(a) Full name of discloser:

AVEVA Group plc

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

 The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

 Use a separate form for each offeror/offeree

AVEVA Group plc

(d) Is the discloser the offeror or the offeree?

Offeree

(e) Date position held:

 The latest practicable date prior to the disclosure

7 September 2022

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

 If it is a cash offer or possible cash offer, state “N/A”

Yes

 

Offeror

 

 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

Ordinary shares of 3 5/9 pence each

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0

0

0

(2) Cash-settled derivatives:

 

0

0

0

0

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0

0

0

 

 TOTAL:

0

0

0

0

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b) Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

None

Details, including nature of the rights concerned and relevant percentages:

None

 

 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:

 

(a) Ordinary shares held by the directors of AVEVA Group plc, and their close relatives*

 

The following directors and their close relatives hold shares in AVEVA Group plc:

 

Name

Number of ordinary shares held

Percentage of total issued share capital

Philip Aiken (director)

4,154

0.0014%

James Kidd (director)

143,416**

0.047%

Christopher Humphrey (director)

7,110

0.0024%

Ron Mobed (director)

5,333

0.0018%

 

(b) Options and awards granted under AVEVA Group plc’s shares plans held by the directors of AVEVA Group plc or their close relatives and related trusts*

 

Director

Share plan

Number of ordinary shares under options / awards

Grant date

Share price on grant

Vesting date

Expiry date

Exercise price

James Kidd

 

Long-Term Incentive Plan

22,461

11/09/2020

£47.99

24/06/2023

11/09/2030

Nominal value

23,679

15/07/2021

£39.17

15/07/2024

15/07/2031

Nominal value

40,859

20/07/2022

£22.70

24/06/2025

20/07/2032

Nil

Deferred Share Bonus Plan

1,556

11/09/2020

£48.87

24/06/2023

11/09/2030

Nil

1,855

15/07/2021

£39.17

24/06/2023 and 24/06/2024

15/07/2031

Nil

3,566

20/07/2022

£22.70

24/06/2023, 24/06/2024 and 24/06/2025

20/07/2032

Nil

 

Director

Share plan

Partnership shares

Matching shares

James Kidd

UK Share Incentive Plan (SIP) GESPP

95***

141

 

* The Company and the Takeover Panel have agreed that Peter Herweck, who is on secondment from Schneider Electric SE, and Hilary Maxson and Olivier Blum, as the Schneider Electric SE nominee directors on the board of AVEVA Group plc, are not concert parties of AVEVA Group plc. As such, any interests held by Peter, Hilary and Olivier in AVEVA Group plc have not been included in this disclosure. 

 

** This figure includes 141,057 shares held by James Kidd and 2,359 shares held by his close relatives.

 

*** These partnership shares have also been taken into account in the total number of ordinary shares held by James Kidd.

 

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

 

None

 

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

 

None

 

 

(c) Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

No

Supplemental Form 8 (SBL)

No

 

 

Date of disclosure:

8 September 2022

Contact name:

Helen Lamprell

General Counsel and Company Secretary

Telephone number:

+44 (0)1223 556655

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

 


ISIN:

GB00BBG9VN75

Category Code:

FEE - AVEVA Group plc

TIDM:

AVV

LEI Code:

213800XHATUM2LFMKG16

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

186916

EQS News ID:

1438585


 

End of Announcement

EQS News Service

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