24th Mar 2021 12:27
24 March 2021
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
The Persons Discharging Managerial Responsibility ("PDMRs") named below undertook the following transactions in ordinary shares of 4 329/395 pence ("Shares") in Aggreko plc (the "Company").
Deferred Share Bonus Plan vesting
Following the vesting on 23 March 2021 of an award of Shares made to the following PDMRs on 23 March 2018 under the Aggreko Deferred Share Bonus Plan (the "DSBP"), the following PDMRs undertook transactions in Shares in the Company.
On 23 March 2021, the following PDMRs acquired Shares for nil consideration, comprising the original award Shares and additional dividend equivalent Shares:
Name of PDMR | Original Award Shares | Dividend Equivalent Shares | Total Award Shares Vesting |
Chris Weston | 24,540 | 1,645 | 26,185 |
Stephen Beynon | 4,929 | 330 | 5,259 |
Dan Ibbetson | 6,316 | 423 | 6,739 |
Grant Nairn | 2,835 | 190 | 3,025 |
Bruce Pool | 9,467 | 634 | 10,101 |
Subsequently, on 23 March 2021, the following PDMRs sold the number of Shares set out next to their respective names at £8.80 per Share either to cover the tax liability and dealing costs arising on the vesting of the awards or as a result of an election to sell all the Shares as follows:
Name of PDMR | Shares Sold | Share Sale Price |
Chris Weston | 12,326 | £8.80 |
Stephen Beynon | 2,476 | £8.80 |
Dan Ibbetson | 6,739 | £8.80 |
Grant Nairn | 3,025 | £8.80 |
Bruce Pool | 10,101 | £8.80 |
The following disclosures are made in accordance with Article 19.3 of Regulation 596/2014.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Chris Weston (Chief Executive Officer)
Stephen Beynon (Managing Director, Power Solutions)
Dan Ibbetson (Managing Director)
Grant Nairn (Chief Information Officer)
Bruce Pool (President - Rental Solutions)
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2
| Reason for the notification
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a)
| Position/status
| As detailed in 1a) above
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b)
| Initial notification /Amendment
| Initial notification | ||||||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 4 329/395 pence each ('Shares')
GB00BK1PTB77
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b)
| Nature of the transaction
| Acquisition of Shares following the vesting on 23 March 2021 of awards of Shares made under the Aggreko Deferred Share Bonus Plan on 23 March 2018. | ||||||||||||||||||
c)
| Price(s) and volume(s)
|
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d)
| Aggregated information
- Aggregated volume
- Price
|
51,309
Nil
| ||||||||||||||||||
e)
| Date of the transaction
| 23 March 2021 | ||||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||||||||||||
5
| 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')
GB00BK1PTB77
| ||||||||||||||||||
b)
| Nature of the transaction
| Sale of Shares on 23 March 2021 to satisfy the tax liability and sale of some or all of the remaining Shares arising from a vesting of the awards of Shares made under the Aggreko Deferred Share Plan on 23 March 2018. | ||||||||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
34,667
£305,069.60 | ||||||||||||||||||
e)
| Date of the transaction
| 23 March 2021 | ||||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||||||||||||
Related Shares:
AGK.L