· As announced on 24 March 2015, consistent with the terms of his employment agreement, Mr Stoddard received a CFO Award to partially compensate him for deferred compensation he forfeited on resignation from his previous
employer. The award under the CFO Award will vest in stages in 2015, 2016 and 2017. |
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· Accordingly on 26 August 2015 the first tranche of the CFO Award vested and Mr Stoddard received the following Aviva ordinary shares of 25 pence each (Shares):
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Name
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Price at which Shares granted
(pence)
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Shares
received
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Tom Stoddard
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509p
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28,106
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· These Shares vested in accordance with the rules of the CFO Award:
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o The CFO Award was made for nil consideration.
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o The CFO Award was granted at a price of £5.09 per share, which was based on the average share price of an Aviva ordinary share 3 days prior to Mr Stoddard joining the Company.
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o The releases under the CFO Award include additional Shares received in lieu of dividends, which are subject to tax.
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· The awards have been settled on a net-of-tax basis.
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AVIVA PLC
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By: /s/ K.A. Cooper
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K.A. Cooper
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Group Company Secretary
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