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Creator bountyhunter Created 12 Jul 2007 Posts 1125 Last Post 1 week 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.
13 May 2014
Aggreko plc has received notification from David Taylor-Smith, Executive Director of Aggreko plc, that on 12 May 2014, he purchased 6,900 Ordinary shares of 13 (549/775) pence each, at a price of 1660 pence per share.
As a result, Mr Taylor-Smith's interest in the ordinary share capital of Aggreko is 13,152 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 14 March 2014

Highlights of the return of cash are as follows:

-- Shareholders to receive 75 pence per existing ordinary share, equating to a proposed aggregate return of approximately GBP200 million.

-- Return to be implemented by way of a share split whereby each existing ordinary share will be subdivided into one intermediate ordinary share and one B share. This is intended to provide UK tax resident shareholders with the flexibility to elect to receive cash in the form of income or capital or a combination of the two.

-- 79 for 83 share consolidation of the intermediate ordinary shares into new ordinary shares.
-- General Meeting to approve the return on 24 April 2014 at 11.30 a.m. or, if later, immediately after the annual general meeting.

-- Cheques expected to be despatched to shareholders and CREST accounts credited in respect of cash payments on 6 June 2014.

Details of the return of cash

Subject to shareholder approval and listing of the new ordinary shares arising on the share consolidation, shareholders will receive one B share for each ordinary share that they hold on 27 May 2014. Shareholders (subject to certain exceptions) will be able to choose between the following options in respect of those B shares:

-- To receive a single dividend of 75 pence per B share for some or all of their B shares. Shareholders will automatically receive this single dividend for all their B shares for which no election is made. B shares in respect of which a shareholder receives this single dividend will automatically be converted into deferred shares, which will have negligible value.

-- To elect for Aggreko to buy some or all of their B shares for 75 pence per B share. All B shares bought back will subsequently be cancelled by Aggreko.

-- To retain some or all of their B shares. While shareholders hold these B shares, they will be entitled to receive a B share continuing dividend at the rate of 75 per cent of 12 month LIBOR, payable annually in arrear on the notional amount of 75 pence per B share. It is intended that there will be a further offer by Aggreko to purchase B shares around the time of the Company's annual general meeting in 2015. The B shares will not be listed.

A share consolidation will be undertaken in conjunction with the return of cash. Intermediate ordinary shares will be consolidated so that shareholders will receive 79 new ordinary shares for every 83 existing ordinary shares held on 27 May 2014. The intention is that, subject to market movements, the share price of one new ordinary share immediately after the return and consolidation should be approximately equal to the share price of one existing ordinary share immediately beforehand. The ratio used for the share consolidation has been set by reference to Aggreko's market capitalisation at close of business on 10 March 2014.

It is intended that new ordinary shares will be traded on the London Stock Exchange in the same way as existing ordinary shares and will be equivalent to the existing ordinary shares in all material respects, including their dividend, voting and other rights. The effect of the share consolidation will be to reduce the number of issued ordinary shares to reflect the return of 75 pence per ordinary share, but shareholders will own the same proportion of Aggreko's issued share capital as they did previously (subject to fractional entitlements).

Application will be made to the UK Listing Authority for the new ordinary shares to be admitted to the Official List and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities.

Full details of the return of cash and share consolidation are contained in the circular.

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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