20th Apr 2007 09:08
Aggreko PLC20 April 2007 AGGREKO PLC Notification of Interests of Directors On 19 April 2007 Aggreko plc granted performance share awards (structured asoptions) to acquire ordinary shares under the Aggreko Performance Share Plan2004, as follows: Total number ofDirector ordinary shares Rupert Soames 86,639Angus Cockburn 36,534Frederick Shepherd 37,996George Walker 30,707Kashyap Pandya 33,115 No consideration was paid by any Director for the grant of a performance shareaward. The exercise price for the above performance share awards is £1 in total(payable each time an award is exercised). The performance share awards willnormally become exercisable for a six month period commencing on 19 April 2010,subject to continued employment and the satisfaction of performance conditions,which will be measured over three financial years of the Company commencing on 1January 2007. Also on 19 April 2007, the following matching share awards (structure asoptions) to acquire ordinary shares were granted under the Aggreko Co-investmentPlan 2004, as follows: Matching Share Awards Number of Shares Shares Total number Investment comprising comprising of shares Shares minimum maximum under committed match match matchingDirector under the (basic award) (performance share award Plan award) Rupert Soames 17,328 12,996 12,996 25,992Angus Cockburn 10,438 7,827 7,827 15,654Frederick Shepherd 10,856 8,142 8,142 16,284George Walker 8,774 6,579 6,579 13,158 No consideration was paid by any Director for the grant of a matching shareaward. 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 awards is £1 in total (payable eachtime an award is exercised). The awards will normally vest on 19 April 2010,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 2007. Both performance share awards and matching share awards will be satisfiedthrough shares purchased or subscribed for by the trustees of the Aggrekoemployees' benefit trust or the Aggreko US employees' benefit trust. Including the number of ordinary shares over which performance share awards andmatching share awards were granted on 19 April 2007 the Directors held optionsand share awards under all schemes established by the Company over the followingnumber of ordinary shares: Total number of ordinary shares over which optionsDirector have been granted under all schemes Rupert Soames 1,169,130Frederick Shepherd 500,450Angus Cockburn 608,063George Walker 738,823Kashyap Pandya 181,283 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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