12th Aug 2020 12:32
12 August 2020
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Heath Drewett (Chief Financial Director), a Person Discharging Managerial Responsibility ("PDMR"), undertook the following transactions in ordinary shares of 4 329/395 pence ("Shares") in Aggreko plc (the "Company").
Restricted stock award vesting
Following the vesting on 10 August 2020 of an award of Shares made to Heath Drewett on 3 May 2018 under a restricted stock agreement (to compensate him for the forfeiture of variable awards from his previous employment), Heath undertook the following transactions in Shares in the Company.
On 10 August 2020, Heath Drewett acquired a total of 33,716 Shares for nil consideration, comprising the original award of 29,770 Shares and 3,946 additional dividend equivalent Shares.
Subsequently, on 10 August 2020, Heath Drewett sold 15,871 Shares at £4.418 per Share to cover the tax liability and dealing costs arising on the vesting of the award.
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
| |||||
a)
| Name
| Heath Drewett (Chief Financial Officer)
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| As detailed in 1a) above | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
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
| |||||
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
| Acquisition of Shares following the vesting on 10 August 2020 of an award of Shares made under a restricted stock agreement on 3 May 2018. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
33,716
Nil
| ||||
e)
| Date of the transaction
| 10 August 2020 | ||||
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 10 August 2020 to satisfy the tax liability arising from a vesting of the award of Shares made under a restricted stock agreement on 3 May 2018. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
15,871
£70,118.08 | ||||
e)
| Date of the transaction
| 10 August 2020 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
Related Shares:
AGK.L