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AGK Aggreko Plc

869.50
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
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

Aggreko PLC Director/PDMR Shareholding (0263V)

03/04/2019 2:17pm

UK Regulatory


Aggreko (LSE:AGK)
Historical Stock Chart


From Apr 2019 to Apr 2024

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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

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(END) Dow Jones Newswires

April 03, 2019 09:17 ET (13:17 GMT)

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