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AGK Aggreko Plc

869.50
0.00 (0.00%)
28 Mar 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Aggreko PLC Director/PDMR Shareholding (5987C)

18/06/2019 8:55am

UK Regulatory


Aggreko (LSE:AGK)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMAGK

RNS Number : 5987C

Aggreko PLC

18 June 2019

18 June 2019

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The Persons Discharging Managerial Responsibility ("PDMRs") named below undertook the following transactions in ordinary shares of 4 (329/395) pence ("Shares") in Aggreko plc (the "Company").

Restricted Share Plan vesting

Following the vesting on 13 June 2019 of an award of Shares made to the following PDMRs on 13 June 2016 under the Aggreko Restricted Share Plan 2015 (the "RSP"), the following PDMRs undertook transactions in Shares in the Company.

On 13 June 2019, the following PDMRs acquired Shares for nil consideration, comprising the original award Shares and additional dividend equivalent Shares:

 
 Name of PDMR         Original      Dividend Equivalent   Total Award Shares 
                     Award Shares          Shares               Vesting 
 Bruce Pool                39,442                 4,047               43,489 
                   --------------  --------------------  ------------------- 
 Dan Ibbetson               9,945                 1,020               10,965 
                   --------------  --------------------  ------------------- 
 Peter Kennerley           19,262                 1,976               21,238 
                   --------------  --------------------  ------------------- 
 Grant Nairn                7,351                   754                8,105 
                   --------------  --------------------  ------------------- 
 

Subsequently, on 14 June 2019, the following PDMRs sold the number of Shares set out next to their respective names at GBP7.821109 per Share either to cover the tax liability and dealing costs arising on the vesting of the awards or as a result of an election to sell all the Shares as follows:

 
 Name of PDMR      Shares Sold   Share Sale Price 
 Bruce Pool             10,606        GBP7.821109 
                  ------------  ----------------- 
 Dan Ibbetson           10,965        GBP7.821109 
                  ------------  ----------------- 
 Peter Kennerley        10,210        GBP7.821109 
                  ------------  ----------------- 
 Grant Nairn             8,105        GBP7.821109 
                  ------------  ----------------- 
 

For Bruce Pool and Peter Kennerley a proportion of the Shares remaining, after Shares were sold to cover the tax liability and dealing costs arising on the vesting of the awards, are subject to a further retention period of up to two years, with one-third of the remaining Shares being released on vesting and a further third being released after each of one and two years from vesting.

Due to regulatory constraints in Canada, it was necessary to settle Anna Filipopoulos's award in cash as follows:

 
   Original      Dividend Equivalent   Total Award Shares   Total cash settlement 
  Award Shares          Shares               Vesting 
        25,963                 2,664               28,627           GBP223,863.14 
                --------------------  -------------------  ---------------------- 
 

Sufficient cash was withheld to cover the tax liability. Of the remaining cash approximately two-thirds was used to purchase 10,261 Shares on 14 June 2019 on behalf of Anna Filipopoulos at a price of GBP7.799 per Share and to pay any dealing and other purchase costs. These Shares are subject to a further retention period of up to two years with half of the Shares being released one year from vesting and a further half being released after two years from vesting.

The following disclosures are made in accordance with Article 19.3 of Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Bruce Pool (President - Rental Solutions) 
 
                                   Dan Ibbetson (Managing Director - Global 
                                   Products & Technology) 
 
                                   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         GB00BK1PTB77 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   Cash settlement following the vesting 
                                   on 13 June 2019 of awards of Shares 
                                   made under the Aggreko Restricted Share 
                                   Plan on 13 June 2016. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       PDMR                 Price(s)    Volume(s) 
                                    Anna Filipopoulos    GBP7.82     28,627 
                                                        ----------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          28,627 
 
       - Price                      GBP223,863.14 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     13 June 2019 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 5    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         GB00BK1PTB77 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   Acquisition of Shares following the 
                                   vesting on 13 June 2019 of awards of 
                                   Shares made under the Aggreko Restricted 
                                   Share Plan on 13 June 2016. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       PDMR               Price(s)    Volume(s) 
                                    Bruce Pool         Nil         43,489 
                                                      ----------  ---------- 
                                    Dan Ibbetson       Nil         10,965 
                                                      ----------  ---------- 
                                    Peter Kennerley    Nil         21,238 
                                                      ----------  ---------- 
                                    Grant Nairn        Nil         8,105 
                                                      ----------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          83,797 
 
       - Price                      Nil 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     13 June 2019 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 6    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         GB00BK1PTB77 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   Acquisition of Shares following the 
                                   vesting on 13 June 2019 of awards of 
                                   Shares made under the Aggreko Restricted 
                                   Share Plan on 13 June 2016. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       PDMR                 Price(s)    Volume(s) 
                                    Anna Filipopoulos    GBP7.799    10,261 
                                                        ----------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          10,261 
 
       - Price                      GBP80,025.54 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     14 June 2019 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 7    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         GB00BK1PTB77 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   Sale of Shares on 14 June 2019 to satisfy 
                                   the tax liability and sale of some 
                                   or all the remaining Shares arising 
                                   from a vesting of the awards of Shares 
                                   made under the Aggreko Restricted Share 
                                   Plan on 13 June 2016. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       PDMR               Price(s)       Volume(s) 
                                    Bruce Pool         GBP7.821109    10,606 
                                                      -------------  ---------- 
                                    Dan Ibbetson       GBP7.821109    10,965 
                                                      -------------  ---------- 
                                    Peter Kennerley    GBP7.821109    10,210 
                                                      -------------  ---------- 
                                    Grant Nairn        GBP7.821109    8,105 
                                                      -------------  ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          39,886 
 
       - Price                      GBP7.821109 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     14 June 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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June 18, 2019 03:55 ET (07:55 GMT)

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