7th May 2021 10:48
7 May 2021
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 6 May 2021 the following conditional share awards over ordinary shares of 4 329/395 pence in Aggreko plc (the "Company") were made under the Aggreko Restricted Stock Plan (the "RSP"), as approved at the Company's 2021 AGM, to the Chief Executive Officer, Chief Financial Officer and other Persons Discharging Managerial Responsibility ("PDMRs") of the Company based on a price of £8.63 each.
No consideration was paid for the grant of the awards.
The following awards were made under the RSP:
Name of PDMR | RSP Award |
Chris Weston | 110,805 |
Heath Drewett | 67,960 |
Stephen Beynon | 62,789 |
Bruce Pool | 53,449 |
Dan Ibbetson | 48,522 |
Kim Kersey | 27,809 |
Grant Nairn | 28,679 |
Simon Thomson | 25,492 |
The awards will lapse immediately if the proposed sale of the Company to Albion Acquisitions Limited completes on or before 31 December 2021.
The vesting of the awards is subject to continued employment and performance underpins set by the Remuneration Committee of the Company. Awards may be reduced if ROCE, revenue growth
(both referencing 2019 performance) and/or delivery of the Board's agreed strategy for the repositioning of our environmental impact is not considered by the Committee to be at an acceptable level.
Shares will vest on the third, fourth and fifth anniversaries of the grant date in respect of one-third of the Shares and will be subject to a further holding period, with shares (post-tax) released on the fifth anniversary from date of grant.
Details of awards granted to PDMRs are set out below in compliance with Article 19 of Regulation 596/2014.
1
| Details of the person discharging managerial responsibilities | ||||||||||||||||||||||||||||
a)
| Name
| Chris Weston (Director, Chief Executive Officer)
Heath Drewett (Director, Chief Financial Officer)
Stephen Beynon (Managing Director, Power Solutions)
Bruce Pool (President - Rental Solutions)
Dan Ibbetson (Managing Director)
Kim Kersey (Group People Director)
Grant Nairn (Chief Information Officer)
Simon Thomson (Group Legal Director and Company Secretary)
| |||||||||||||||||||||||||||
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
| Grant of awards under the Aggreko Restricted Stock Plan | |||||||||||||||||||||||||||
c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
425,505
nil | |||||||||||||||||||||||||||
e)
| Date of the transaction
| 6 May 2021 | |||||||||||||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||||||||||||||||||||||||||
Related Shares:
AGK.L