15th Apr 2005 15:42
Aggreko PLC15 April 2005 AGGREKO PLC Notification of Interests of Directors On 14 April 2005 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 C Soames 214,957Frederick AB Shepherd 94,043Angus G Cockburn 83,594George P Walker 74,466 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 14 April 2008,subject to continued employment and the satisfaction of performance conditions,which will be measured over three financial years of the Company commencing on 1 January 2005. Also on 14 April 2005, the following matching share awards (structure as options)to acquire ordinary shares were granted under the Aggreko Co-investment Plan2004, as follows: Matching Share Awards Director Number of Shares Shares Total number Investment comprising comprising of shares Shares minimum maximum under committed match match matching under (basic award) (performance share award the Plan award) Rupert C Soames 42,991 32,243 32,244 64,487Frederick AB Shepherd 26,870 20,153 20,152 40,305Angus G Cockburn 17,300 12,975 12,975 25,950 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 14 April 2008,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 2005. 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. The above named Directors notified Aggreko plc of their respective interests inthese shares on 14 April 2005. Including the number of ordinary shares over which performance share awards andmatching share awards were granted on 14 April 2005 the Directors held options andshare awards under all schemes established by the Company over the followingnumber of ordinary shares: Director Total number of ordinary shares over which options have been granted under all schemes Rupert C Soames 888,475Frederick AB Shepherd 368,044Angus G Cockburn 533,276George P Walker 618,518 Contact: A Paul AllenCompany Secretary0141 225 5900 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AGK.L