Aggreko PLC Director/PDMR Shareholding (0263V)
April 03 2019 - 9:17AM
UK Regulatory
TIDMAGK
RNS Number : 0263V
Aggreko PLC
03 April 2019
3 April 2019
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
On 1 April 2019 the following conditional share awards over
ordinary shares of 4 (329/395) pence in Aggreko plc (the "Company")
were made under the Aggreko 2015 Long Term Incentive Plan (the
"LTIP") and under the Aggreko Deferred Share Bonus Plan (the
"DSBP") to the Chief Executive Officer, Chief Financial Officer and
other Persons Discharging Managerial Responsibility ("PDMRs") of
the Company.
No consideration was paid for the grant of the awards.
LTIP awards
The following awards were made under the LTIP:
Name of PDMR LTIP Award
Chris Weston 242,561
-----------
Heath Drewett 148,771
-----------
Stephen Beynon 137,451
-----------
Bruce Pool 123,020
-----------
Dan Ibbetson 108,344
-----------
Anna Filipopoulos 92,676
-----------
Peter Kennerley 67,270
-----------
Grant Nairn 58,214
-----------
The vesting of the awards is subject to continued employment and
performance conditions based on the long-term financial performance
of the Group set by the Remuneration Committee of the Company.
The performance period is the three financial years from 1
January 2019 to 31 December 2021. D-EPS will be measured over the
three-year performance period. ROCE will be measured in the final
year of the performance period. The performance criteria are as
follows:
-- 50% of the award is based on three-year D-EPS (aggregate
measurement basis), with 25% of shares awarded against this element
for D-EPS growth of 5% per annum. Awards will then continue to vest
above that level and will increase straight-line to a maximum for
12% per annum growth; and
-- 50% of the award is based on final year ROCE in the range of
15% to 22%, with 25% of shares awarded against this element if 2021
ROCE is 15%. Awards will increase straight-line to the maximum at
22% ROCE in 2021.
Shares will vest after three years and will be subject to a
further holding period of two years, with shares (post-tax)
released on the fifth anniversary from date of grant.
DSBP Awards
The following awards were made under the DSBP:
Name of PDMR DSBP Award
Chris Weston 21,054
-----------
Heath Drewett 13,166
-----------
Stephen Beynon 7,467
-----------
Bruce Pool 12,332
-----------
Dan Ibbetson 4,527
-----------
Anna Filipopoulos 6,950
-----------
Peter Kennerley 4,978
-----------
Grant Nairn 3,883
-----------
The awards will normally vest on 1 April 2022.
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 (Chief Executive Officer)
Heath Drewett (Chief Financial Officer)
Stephen Beynon (Managing Director,
Power Solutions)
Bruce Pool (President - Rental Solutions)
Dan Ibbetson (Managing Director)
Anna Filipopoulos (Group Human Resources
Director)
Peter Kennerley (Group Legal Director
and Company Secretary)
Grant Nairn (Chief Information Officer)
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status As detailed in 1a) above
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 4 (329/395) pence
financial instrument, each ('Shares')
type of instrument
Identification code GB00BK1PTB7
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of awards under the Aggreko
2015 Long Term Incentive Plan
-------------------------- -------------------------------------------
c) Price(s) and volume(s) PDMR Price(s) Volume(s)
C Weston Nil 242,561
---------- ----------
H Drewett Nil 148,771
---------- ----------
S Beynon Nil 137,451
---------- ----------
B Pool Nil 123,020
---------- ----------
D Ibbetson Nil 108,344
---------- ----------
A Filipopoulos Nil 92,676
---------- ----------
P Kennerley Nil 67,270
---------- ----------
G Nairn Nil 58,214
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 978,307
- Price nil
-------------------------- -------------------------------------------
e) Date of the transaction 1 April 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- -------------------------------------------
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 Ordinary shares of 4 (329/395) pence
financial instrument, each ('Shares')
type of instrument
Identification code GB00BK1PTB7
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of awards under the Aggreko
Deferred Share Bonus Plan.
-------------------------- -------------------------------------------
c) Price(s) and volume(s) PDMR Price(s) Volume(s)
C Weston Nil 21,054
---------- ----------
H Drewett Nil 13,166
---------- ----------
S Beynon Nil 7,467
---------- ----------
B Pool Nil 12,332
---------- ----------
D Ibbetson Nil 4,527
---------- ----------
A Filipopoulos Nil 6,950
---------- ----------
P Kennerley Nil 4,978
---------- ----------
G Nairn Nil 3,883
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 74,357
- Price nil
-------------------------- -------------------------------------------
e) Date of the transaction 1 April 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- -------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHMMGGDFFKGLZM
(END) Dow Jones Newswires
April 03, 2019 09:17 ET (13:17 GMT)
Aggreko (LSE:AGK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aggreko (LSE:AGK)
Historical Stock Chart
From Apr 2023 to Apr 2024