Director dealings: Aveva deputy CEO offloads shares
Aveva Group revealed on Friday that deputy chief executive officer James Kidd had disposed of 19,795 ordinary shares in the FTSE 100-listed software and services outfit.
Aveva Group
3,219.00p
07:30 18/01/23
FTSE 100
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11:40 19/04/24
FTSE 350
4,307.36
11:40 19/04/24
FTSE All-Share
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11:40 19/04/24
Software & Computer Services
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Kidd, who joined Aveva back in 2004, sold the shares on Thursday at an average price of 3,954p each, for a total value of £782,694.32.
The executive had exercised options over 41,982 shares under the group's long-term inventive plan earlier in the share, opting to hold on to just 22,187 of them. He now beneficially owns 47,056 ordinary shares and holds options over a further 110,214 ordinary share.
Aveva backed its full-year outlook last week as it said it made a "good" start to the financial year.
In the period from 1 April to the end of June, Aveva recorded high single-digit revenue growth at constant currency. On a reported basis, first-quarter revenue growth was low single-digit, including the benefit of a foreign currency translation tailwind.
As of 1630 BST, Aveva shares had slipped 1.22% to 3,934p.
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Aveva Group (AVV)
Director name: Kidd ,James
Amount sold: 19,795 @ 3,954.00p
Value: £782,694.32
Morses Club (MCL)
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Amount sold: 113,693 @ 130.00p
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