26th Apr 2007 17:49
Aggreko PLC26 April 2007 AGGREKO PLC Notification of Interests of Directors 26 April 2007 On 26 April 2007, 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 7,095 5,319 5,319 10,638 No consideration was paid by the Director for the grant of a matching share award. The matching share awards was granted over a total of 6 matching shares for every 4 ordinary shares in the Company held and committed by an eligible employee under the Plan ("Investment Shares"). Matching share awards comprise a minimum match and a maximum match, under the terms of which 3 matching shares were granted for every 4 Investment Shares held respectively. The exercise price for the matching share awards is £1 in total (payable each time an award is exercised). The awards will normally vest on 26 April 2010, subject to continued employment, the retention of Investment Shares and (in respect of shares comprising the maximum match only) the satisfaction of performance conditions, which will be measured over three financial years of the Company commencing on 1 January 2007. Matching share awards will be satisfied through shares purchased or subscribed for by the trustees of the Aggreko employees' benefit trust. Including the number of ordinary shares over which matching share awards were granted on 26 April 2007 the Director held options and share awards under all schemes established by the Company over the following number of ordinary shares: Director Total number of ordinary shares over which options have been granted under all schemes Kashyap Pandya 191,921 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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