21st Sep 2012 15:08
Grant of Share Awards under the 2012 Long Term Incentive Plan - correction
On 17 April 2012, the Company announced the following conditional awards over ordinary shares in the Company made on 16 April 2012, to Executive Directors of the Company under the Aggreko Performance Share Plan 2004 (the "PSP") and the Aggreko Co-Investment Plan 2004 ("the CIP").
The number of conditional awards made under the CIP, and correspondingly the total number of conditional awards under the LTIP 2012 was incorrect. The correct numbers (with the previously announced ones in brackets) are as follows:
Co-Investment Plan Matching Awards
The following Directors were granted Matching Awards under the CIP:
Name of Director | Number of shares held under Basic Matching Award | Number of shares held under Performance Matching Award | Total number of shares held under Basic and Performance Matching Award
| Maximum number of shares that may vest subject to satisfaction of the Super Performance Condition | ||||
Rupert Soames | 4,141 | (8,281) | 12,421 | (24,843) | 16,562 | (33,124) | 33,124 | (66,248) |
Angus Cockburn | 2,471 | (4,942) | 7,413 | (14,826) | 9,884 | (19,768) | 19,768 | (39,536) |
George Walker | 2,128 | (4,255) | 6,382 | (12,765) | 8,510 | (17,020) | 17,020 | (34,040) |
Kash Pandya | 2,338 | (4,675) | 7,012 | (14,025) | 9,350 | (18,700) | 18,700 | (37,400) |
Bill Caplan | 2,004 | (4,007) | 6,010 | (12,021) | 8,014 | (16,028) | 16,028 | (32,056) |
Total interest over LTIP 2012
Below is the total number of interests held by the Executive Directors in respect of the PSP and CIP share awards and matching share awards under the LTIP 2012.
Name of Director | Total interests held by Directors in respect of the PSP and CIP share awards and matching share awards under the LTIP 2012 |
Rupert Soames | 88,334 (121,458) |
Angus Cockburn | 42,832 (62,600) |
George Walker | 36,876 (53,896) |
Kash Pandya | 40,516 (59,216) |
Bill Caplan | 34,728 (50,756) |
The terms of the awards, including relevant performance conditions, are as set out in the announcement of 17 April 2012.
Peter Kennerley
21 September 2012
Related Shares:
AGK.L