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Creator bountyhunter Created 12 Jul 2007 Posts 1068 Last Post 23 hours ago
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Aggreko plc is the global leader in the rental of power generation and temperature control equipment. With its unique network of locations, equipment and technical services, Aggreko supports companies in generating profits by reducing risk, solving problems and creating new opportunities. Aggreko serves companies across a wide range of industries, with over 133 locations offering 24/7 services in more than 100 countries.... Aggreko Website ..... Financial Calendar

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Director Purchase
08 January 2014
Aggreko plc has received notification from Diana Layfield, Non-executive Director of Aggreko plc, that on 3 January 2014, she purchased 3,000 Ordinary shares of 13 (549/775) pence each, at a price of 1711 pence per share.
As a result, Ms Layfield's interest in the ordinary share capital of Aggreko is 3,000 shares.

6 March 2014
If the proposed final dividend of 17.19 pence is approved by shareholders, it will result in a full year dividend of 26.30 pence (2012: 23.91 pence) per ordinary share, giving dividend cover (Basic EPS divided by full year declared dividend) of 3.5 times (2012: 4.2 times) and is consistent with our strategy of reducing our dividend cover towards 3 times over time.
..It will be paid on 27 May 2014 to shareholders who are on the register of members on 25 April 2014."

Additional return to shareholders

With the strong cash generation seen during the year, our net debt at the end of 2013 has fallen to GBP363 million which is 0.6 times our 2013 EBITDA of GBP636 million; accordingly the Board believes that it is appropriate to supplement the ordinary dividend with an additional return to shareholders of approximately GBP200 million, which would result in adjusted net debt at the end of 2013 being GBP563 million or 0.9 times 2013 EBITDA. Subject to shareholder approval, each shareholder will receive a return of value of 75 pence in respect of each existing ordinary share they hold on 27 May 2014.

As was the case in our previous return of value in 2011, when shareholders received GBP149 million (55 pence per share), the return will be made by way of a B share scheme, which will give shareholders a choice as to when, and in what form, they receive their proceeds from the return of value. Notably, it should allow most individual UK taxpayers to receive the return in the form of a capital receipt, if they so wish. The B share scheme will be accompanied by a share consolidation designed to maintain comparability of share price and return per share of the ordinary shares before and after the creation of the B shares.

A circular will be sent to shareholders setting out the details of these proposals later in March.


Aggreko Will be the Official Temporary Power Generator of the 2014 FIFA World Cup Brazil™

RIO DE JANEIRO, March 4, 2014 /PRNewswire/ --

Following Aggreko's successful delivery of temporary power at the 2010 FIFA World Cup™ in South Africa, Aggreko has once again been selected to be the Official Temporary Power Generator of the 2014 FIFA World Cup™, which will take place in Brazil. The company has signed an agreement to provide temporary power for broadcasting of all matches in each of the 12 host cities. In addition, Aggreko will provide power and temperature control services for the International Broadcast Centre (IBC), which will be installed at Riocentro, Rio de Janeiro.

Aggreko will provide the power required for the broadcasting (television, radio, internet and press media) of all 64 matches of the competition, which will be watched by more than three billion people around the world; Aggreko will also power the electronic advertising boards around the pitch. The contract will encompass the supply, installation and operation of over 46 megawatts of generating capacity, 1,000 distribution panels and 200 km of electric cables.

Over recent years Aggreko has invested heavily in building its business in South America, and now has revenues in the region of around $400 million. The award of the FIFA World Cup contract follows the acquisition by Aggreko in 2012 of the largest power rental business in Brazil, PoitEnergia, and Aggreko's ability to serve FIFA efficiently will be supported by service centres and people who have come into Aggreko as part of the acquisition.

Rupert Soames, CEO of Aggreko, said: "Billions of people share in the excitement of the FIFA World Cup because of broadcasting. But behind the cameras lies enormously complex engineering and logistics, and Aggreko is proud to be part of the team that delivers a faultless end result. Aggreko has unique experience in the provision of power and temperature control solutions for the world's largest sporting occasions, and amongst recent events, Aggreko was the exclusive temporary power provider for the Olympics in London in 2012; Vancouver in 2010; Beijing in 2008; and, of course, the 2010 FIFA World Cup in South Africa. Aggreko has also recently been awarded a contract to supply power to the 2014 Commonwealth Games in Glasgow."


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