21st Apr 2006 10:06
Aggreko PLC21 April 2006 AGGREKO PLC Notification of Interests of Directors 21 April 2006 On 20 April 2006 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 Rupert Soames 129,252Angus Cockburn 53,571Frederick Shepherd 57,381George Walker 51,063Kashyap Pandya 52,381 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 20 April 2009,subject to continued employment and the satisfaction of performance conditions,which will be measured over three financial years of the Company commencing on1 January 2006. Also on 20 April 2006, the following matching share awards (structure asoptions) to acquire ordinary shares were granted under the Aggreko Co-investmentPlan 2004, as follows: Matching Share Awards Director 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) Rupert Soames 25,850 19,388 19,388 38,776Angus Cockburn 15,306 11,480 11,480 22,960Frederick Shepherd 16,395 12,296 12,296 24,592George Walker 14,589 10,942 10,942 21,884 No consideration was paid by any 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 awards is £1 in total (payable eachtime an award is exercised). The awards will normally vest on 20 April 2009,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 ofthe Company commencing on 1 January 2006. 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 and matching share awards were granted on 20 April 2006 the Directors 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 Rupert Soames 1,056,503Frederick Shepherd 446,174Angus Cockburn 606,222George Walker 694,960Kashyap Pandya 144,817 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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