21st Oct 2005 12:29
Aggreko PLC21 October 2005 AGGREKO PLC Notification of Interests of Directors 21 October 2005 On 21 October 2005 Aggreko plc granted performance share awards (structured asoptions) to acquire ordinary shares under the Aggreko Performance Share Plan2004, as follows: Director Total number of ordinary shares Kashyap Pandya 64,706 No consideration was paid by the Director for the grant of a performance share award. The exercise price for the above performance share award is £1 in total(payable each time an award is exercised). The performance share award willnormally become exercisable for a six month period commencing on 21 October 2008, subject to continued employment and the satisfaction of performance conditions, which will be measured over three financial years of the Company commencing on 1 January 2005. Also on 21 October 2005, the following matching share award (structure as options)to acquire ordinary shares were granted under the Aggreko Co-investment Plan 2004, as follows: Matching Share AwardsDirector Number of Shares Shares Total number Investment comprising comprising of shares Shares minimum maximum under committed match (basic match matching under the award) (performance share award Plan award) Kashyap Pandya 18,487 13,865 13,865 27,730 No consideration was paid by the Director for the grant of a matching share award. Matching share awards were granted over a total of 6 matching shares for every 4ordinary shares in the Company held and committed by an eligible employee underthe Plan ("Investment Shares"). Matching share awards comprise a minimum matchand a maximum match, under the terms of which 3 matching shares were granted forevery 4 Investment Shares held respectively. The exercise price for the matching share award is £1 in total (payable eachtime an award is exercised). The awards will normally vest on 21 October 2008,subject to continued employment, the retention of Investment Shares and (inrespect of shares comprising the maximum match only) the satisfaction ofperformance conditions, which will be measured over three financial years of theCompany commencing on 1 January 2005. Both performance share awards and matching share awards will be satisfiedthrough shares purchased or subscribed for by the trustees of the Aggrekoemployees' benefit trust. The above named Director notified Aggreko plc of his interests inthese shares on 21 October 2005. Including the number of ordinary shares over which performance share awards andmatching share awards were granted on 21 October 2005 the Director held options and share awards under all schemes established by the Company over the followingnumber of ordinary shares: Director Total number of ordinary shares over which options have been granted under all schemes Kashyap Pandya 92,436 A Paul Allen,Company Secretary,0141 225 5900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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