3rd Apr 2019 14:17
3 April 2019
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 1 April 2019 the following conditional share awards over ordinary shares of 4 329/395 pence in Aggreko plc (the "Company") were made under the Aggreko 2015 Long Term Incentive Plan (the "LTIP") and under the Aggreko Deferred Share Bonus Plan (the "DSBP") to the Chief Executive Officer, Chief Financial Officer and other Persons Discharging Managerial Responsibility ("PDMRs") of the Company.
No consideration was paid for the grant of the awards.
LTIP awards
The following awards were made under the LTIP:
Name of PDMR | LTIP Award |
Chris Weston | 242,561 |
Heath Drewett | 148,771 |
Stephen Beynon | 137,451 |
Bruce Pool | 123,020 |
Dan Ibbetson | 108,344 |
Anna Filipopoulos | 92,676 |
Peter Kennerley | 67,270 |
Grant Nairn | 58,214 |
The vesting of the awards is subject to continued employment and performance conditions based on the long-term financial performance of the Group set by the Remuneration Committee of the Company.
The performance period is the three financial years from 1 January 2019 to 31 December 2021. D-EPS will be measured over the three-year performance period. ROCE will be measured in the final year of the performance period. The performance criteria are as follows:
• 50% of the award is based on three-year D-EPS (aggregate measurement basis), with 25% of shares awarded against this element for D-EPS growth of 5% per annum. Awards will then continue to vest above that level and will increase straight-line to a maximum for 12% per annum growth; and
• 50% of the award is based on final year ROCE in the range of 15% to 22%, with 25% of shares awarded against this element if 2021 ROCE is 15%. Awards will increase straight-line to the maximum at 22% ROCE in 2021.
Shares will vest after three years and will be subject to a further holding period of two years, with shares (post-tax) released on the fifth anniversary from date of grant.
DSBP Awards
The following awards were made under the DSBP:
Name of PDMR | DSBP Award |
Chris Weston | 21,054 |
Heath Drewett | 13,166 |
Stephen Beynon | 7,467 |
Bruce Pool | 12,332 |
Dan Ibbetson | 4,527 |
Anna Filipopoulos | 6,950 |
Peter Kennerley | 4,978 |
Grant Nairn | 3,883 |
The awards will normally vest on 1 April 2022.
Details of awards granted to PDMRs are set out below in compliance with Article 19 of Regulation 596/2014.
1
| Details of the person discharging managerial responsibilities | ||||||||||||||||||||||||||||
a)
| Name
| Chris Weston (Chief Executive Officer)
Heath Drewett (Chief Financial Officer)
Stephen Beynon (Managing Director, Power Solutions)
Bruce Pool (President - Rental Solutions)
Dan Ibbetson (Managing Director)
Anna Filipopoulos (Group Human Resources Director)
Peter Kennerley (Group Legal Director and Company Secretary)
Grant Nairn (Chief Information Officer)
| |||||||||||||||||||||||||||
2
| Reason for the notification
| ||||||||||||||||||||||||||||
a)
| Position/status
| As detailed in 1a) above | |||||||||||||||||||||||||||
b)
| Initial notification /Amendment
| Initial notification | |||||||||||||||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||||||||||||||||||||
a)
| Name
| Aggreko plc | |||||||||||||||||||||||||||
b)
| LEI
| 2138003R7TGCSVF27H47 | |||||||||||||||||||||||||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||||||||||||||||||||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 4 329/395 pence each ('Shares')
GB00BK1PTB7 | |||||||||||||||||||||||||||
b)
| Nature of the transaction
| Grant of awards under the Aggreko 2015 Long Term Incentive Plan | |||||||||||||||||||||||||||
c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
978,307
nil | |||||||||||||||||||||||||||
e)
| Date of the transaction
| 1 April 2019 | |||||||||||||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | |||||||||||||||||||||||||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||||||||||||||||||||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 4 329/395 pence each ('Shares')
GB00BK1PTB7 | |||||||||||||||||||||||||||
b)
| Nature of the transaction
| Grant of awards under the Aggreko Deferred Share Bonus Plan. | |||||||||||||||||||||||||||
c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
74,357
nil | |||||||||||||||||||||||||||
e)
| Date of the transaction
| 1 April 2019 | |||||||||||||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | |||||||||||||||||||||||||||
Related Shares:
AGK.L