We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aggreko Plc | LSE:AGK | London | Ordinary Share | GB00BK1PTB77 | ORD 4 329/395P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 869.50 | 869.00 | 869.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAGK
RNS Number : 2050I
Aggreko PLC
15 June 2017
15 June 2017
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 13 June 2017 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 Aggreko Restricted Share Plan 2015 (the "RSP") to the Chief Executive Officer and other Persons Discharging Managerial Responsibility ("PDMRs") of the Company.
No consideration was paid for the grant of the awards.
Award to Chief Executive Officer
An award to the Chief Executive Officer was made under the LTIP as follows:
Name Performance Award Normal vesting date Chris Weston 260,718 13 June 2020
The vesting of the award is subject to continued office and performance conditions based on the long-term financial performance of the Group set by the Remuneration Committee of the Company.
The three-year performance period over which D-EPS and ROCE performance will be measured is from 1 January 2017 to 31 December 2019. The performance criteria for the LTIP award is as follows:
-- 75% of the award is based on three-year cumulative D-EPS as compared to three-year compound growth in real (RPI-adjusted) D-EPS. No performance shares will be awarded against this element if performance is below an equivalent of RPI+3% per annum growth. Awards will then start to vest above that level and will increase straight-line to a maximum at an equivalent of RPI+15% per annum growth; and
-- 25% of the award is based on average ROCE over the performance period in a range of 20% to 25%. No performance shares will be awarded against this element if performance is less than 20% and awards will increase straight-line to the maximum at 25% ROCE.
A proportion of shares which vest will be subject to a further retention period of up to two years, with one-third being released (post-tax) on vesting and a further third being released after each of one and two years from vesting.
Recruitment award to Stephen Beynon
An award was made to Stephen Beynon under the RSP as follows:
Recruitment Award Normal vesting date 12,312 1 May 2018 12,311 1 May 2019
The vesting of the award is subject to continued employment at date of vesting.
Further awards
The following awards were made under the RSP:
Name of PDMR Performance Award Supplementary Award ------------------- ------------------ -------------- Stephen Beynon 73,870 36,935 ------------------- ------------------ -------------- Anna Filipopoulos 42,278 25,366 ------------------- ------------------ -------------- Dan Ibbetson 26,651 15,990 ------------------- ------------------ -------------- Peter Kennerley 26,651 15,990 ------------------- ------------------ -------------- Grant Nairn 23,174 13,904 ------------------- ------------------ -------------- Bruce Pool 67,663 33,831 ------------------- ------------------ -------------- Volker Schulte 30,387 18,232 ------------------- ------------------ --------------
The vesting of both the Performance and Supplementary awards is subject to continued employment of the PDMR at the date of vesting. The awards will normally vest on 13 June 2020.
Vesting of the Performance award is also subject to 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 2017 to 31 December 2019. 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 for the Performance Awards are as follows:
-- 75% of the award is based on three-year cumulative D-EPS, 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
-- 25% of the award is based on final year ROCE in the range of 15% to 20%, with 25% of shares awarded against this element if 2019 ROCE is 15%. Awards will increase straight-line to the maximum at 20% ROCE in 2019.
For all PDMRs, other than Anna Filipopoulos, a proportion of shares which vest will be subject to a further retention period of up to two years, with one-third being released (post-tax) on vesting and a further third being released after each of one and two years from vesting.
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) Stephen Beynon (Managing Director, Power Solutions) Anna Filipopoulos (Group Human Resources Director) Dan Ibbetson (Group Business Development Director) Peter Kennerley (Group Legal Director and Company Secretary) Grant Nairn (Chief Information Officer) Bruce Pool (President - Rental Solutions) Volker Schulte (Group Manufacturing and Technology Director) --- ------------------------- ------------------------------------------ 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 Ordinary shares of 4 (329/395) the financial pence each ('Shares') instrument, type of instrument GB00BK1PTB7 Identification code --- ------------------------- ------------------------------------------ b) Nature of the Grant of awards under the transaction Aggreko 2015 Long Term Incentive Plan and Aggreko Restricted Share Plan 2015. --- ------------------------- ------------------------------------------ c) Price(s) and volume(s) PDMR Price(s) Volume(s) ---------------- ---------- ---------- C Weston Nil 260,718 ---------------- ---------- ---------- S Beynon Nil 135,428 ---------------- ---------- ---------- A Filipopoulos Nil 67,644 ---------------- ---------- ---------- D Ibbetson Nil 42,641 ---------------- ---------- ---------- P Kennerley Nil 42,641 ---------------- ---------- ---------- G Nairn Nil 37,078 ---------------- ---------- ---------- B Pool Nil 101,494 ---------------- ---------- ---------- V Schulte Nil 48,619 ---------------- ---------- ---------- --- ------------------------- ------------------------------------------ d) Aggregated information - Aggregated volume 736,263 - Price nil --- ------------------------- ------------------------------------------ e) Date of the transaction 13 June 2017 --- ------------------------- ------------------------------------------ f) Place of the transaction London Stock Exchange --- ------------------------- ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDMGMVGKGGNZM
(END) Dow Jones Newswires
June 15, 2017 06:42 ET (10:42 GMT)
1 Year Aggreko Chart |
1 Month Aggreko Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions