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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Keller Group Plc | LSE:KLR | London | Ordinary Share | GB0004866223 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 0.38% | 1,048.00 | 1,044.00 | 1,046.00 | 1,054.00 | 1,036.00 | 1,052.00 | 158,622 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 2.97B | 89.4M | 1.2284 | 8.52 | 761.24M |
TIDMKLR 17 March 2023 Keller Group plc Director/PDMR Shareholding Keller Group plc (the "Company") announces that on 15 March 2023 it was notified of the following transactions in the Company's Ordinary shares of 10 pence each ("Shares") undertaken by Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs"). Long Term Incentive Plan ("LTIP") vesting As a result of the vesting of Shares under the Company's LTIP, on 15 March 2023 the following Executive Directors and PDMRs acquired Shares for nil consideration: LTIP Deferred Bonus Awards granted on 15 March 2021 - in respect of the year ended 31 December 2020 Director / Number of Number of Number of Net number PDMR Shares Shares Shares of Shares awarded released* sold to acquired cover tax liability David Burke 3,522 3,856 1,819 2,037 Eric Drooff 3,718 4,071 1,974 2,097 Venu Raju 14,058 15,395 7,262 8,133 Michael 23,530 25,767 12,154 13,613 Speakman Peter Wyton 3,549 3,886** N/A N/A *Includes dividend equivalents added as Shares since the date of grant. **Peter Wyton received an equivalent cash payment in place of Shares on vesting of the award. The Shares were sold at £6.61 to cover tax liabilities. LTIP Performance Share Awards granted on 9 March 2020 - for the period 2020/22 Director / Number of Number of Number of Net number PDMR Shares Shares Shares of Shares awarded released* sold to acquired cover tax liability Jim De Waele 22,022 15,739 7,424 8,315 Eric Drooff 40,859 29,203 14,155 15,048 Kerry Porritt 20,182 14,423 6,803 7,620 John Raine 21,662 15,481 6,541 8,940 Venu Raju 36,634 26,183 12,350 13,833 Michael 109,513 76,994 36,316 40,678 Speakman Peter Wyton 27,118 19,382** N/A N/A *Includes dividend equivalents added as Shares since the date of grant. **Peter Wyton received an equivalent cash payment in place of Shares on vesting of the award. The 2020 LTIP Performance Share Awards were measured over a three-year performance period which began on 1 January 2020 and ended on 31 December 2022, and were subject to three performance conditions: * 50% Earnings Per Share (EPS) CAGR; * 25% Total Shareholder Return (TSR) outperformance of FTSE 250 Index (excluding investment trusts); and * 25% Return on Capital Employed (ROCE) The above performance conditions were partially met and the awards vested at 61.9%. The Shares were sold at £6.61 to cover tax liabilities. The Notification of Dealing Form for each Executive Director and PDMR can be found below. LTIP grant On 15 March 2023 the Company granted the following awards under the LTIP: * Deferred Bonus Awards totalling 2,062 Shares; and * Performance Share Awards totalling 435,427 Shares. The grant to the Executive Directors and PDMRs listed in the tables below was approved by the Remuneration Committee under the terms of the LTIP. LTIP Deferred Bonus Awards - in respect of the year ended 31 December 2022 Executive Directors are subject to a deferral of 25% of any annual bonus payment into Shares for a period of two years. The Deferred Bonus Award retains eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply. Director No. of Total Deferred Ordinary Bonus Awards Shares outstanding3 awarded1/3 David Burke 817 17,853 Michael Speakman 1,245 27,193 LTIP Performance Share Awards - for the period 2023/25 Director/PDMR No. of Total Ordinary Performance Shares Share Awards awarded 1/ outstanding3 2/3 David Burke 71,533 198,144 Jim De Waele 34,366 95,109 Eric Drooff 44,041 113,162 Kerry Porritt 26,335 72,938 John Raine 28,030 73,110 Venu Raju 34,175 104,478 Katrina Roche 28,041 77,672 Michael Speakman 130,743 362,161 Peter Wyton 38,193 100,1394 The measures selected by the Remuneration Committee together with the associated targets are shown on the table below. The weightings are all set at 25% in order to provide balance between measures and materiality to each of them individually. Measure Weighting Vesting Schedule % of award that will vest 0% 25% 100% Operating Profit Margin 25% Below 5.5% 5.5% 6.5% Cumulative EPS 25% Below 330p 330p 400p ROCE 25% Below 12% 12% 18% Relative TSR 25% Below Median Upper median quartile The Performance Share Awards performance conditions are measured over a three year period ending on 31 December 2025, except for the Operating Profit Margin which is measured in year three. The Performance Share Awards performance conditions are expected to vest in March 2026. Executive Directors are subject to a further two year holding period. Malus and clawback apply. [1] The price used to calculate the maximum number of Ordinary Shares under the Deferred Share Awards and Performance Share Awards was 708.7p, being the average closing price on 10, 13 and 14 March 2023 of the Company's shares on the main market of the London Stock Exchange. 2 The amounts shown above represent the maximum possible number of Shares that may be granted to the above named participants under the 2023 Performance Share Awards. 3 The awards above exclude notional dividends. 4 28,012 of these Performance Share Awards are rights to receive cash linked to share value and will, to the extent vested following the end of the performance period, be settled in cash. Enquiries: Keller Group plc Silvana Glibota-Vigo, Group Head of Secretariat Tel: 020 7616 7575 LEI number: 549300QO4MBL43UHSN10 Classification: 2.2 Inside information Notes to editors: Keller is the world's largest geotechnical specialist contractor providing a wide portfolio of advanced foundation and ground improvement techniques used across the entire construction sector. With around 10,000 staff and operations across five continents, Keller tackles an unrivalled 6,000 projects every year, generating annual revenue of more than £2bn. 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Jim De Waele 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) President, Europe N/A b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 15,739 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 15,739 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X
iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 7,424 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 7,424 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Eric Drooff 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) President, North America N/A b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 29,203 Nil 4,071 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 33,274 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 14,155 £6.61 1,974 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 16,129 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Kerry Porritt 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) Group Company Secretary and N/A Legal Advisor b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered a trading plan? into: X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 14,423 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 14,423 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 6,803 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 6,803 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name John Raine 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) Group HSEQ Director N/A b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument
Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 15,481 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 15,481 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 6,541 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 6,541 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Venu Raju 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) Engineering and Operations N/A Director b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered a trading plan? into: X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 26,183 Nil 15,395 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 41,578 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 12,350 £6.61 7,262 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 19,612 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Michael Speakman 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) Chief Executive Officer N/A b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) Nil 76,994 Nil 25,767 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) Nil 102,761 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue 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 10p each financial instrument Identification code GB0004866223 b) Indicate nature of the Acquisition Disposal Subscription Other transaction ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which
conducted pursuant to an investment programme or investment programme or trading plan was entered into: a trading plan? X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) £6.61 36,316 £6.61 12,154 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) £6.61 48,470 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction London Stock Exchange 1 Details of persons discharging managerial responsibility ("PDMR") / person closely associated ("PCA") a) Name Peter Wyton 2 Reason for the notification a) Position / status PDMR PCA (Provide job title) (Provide name of job title of relevant PDMR) President, AMEA N/A b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Keller Group plc b) LEI and classification 549300QO4MBL43UHSN10 2.2 Inside information 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 Conditional right to receive a cash payment determined by financial instrument reference to the value of ordinary shares of 10p each Identification code b) Indicate nature of the Acquisition Disposal Subscription Other - transaction receipt of a cash payment determined by reference to the value of a specified number of ordinary shares of 10p each ii) Is the transaction Yes No linked to an exercise of a share award? X iii) Was the transaction Yes No If yes, provide date at which conducted pursuant to an investment programme or investment programme or trading plan was entered a trading plan? into: X c) Price(s) and volume(s) Price(s) Volume(s) (Please state currency) N/A - A cash payment of £128,115.02 determined by reference to 19,382 shares at a price of £6.61 d) Aggregated information Aggregated price(s) Aggregated volume(s) (Please state currency) N/A - A cash payment of £128,115.02 determined by reference to 19,382 shares at a price of £6.61 e) Date of the transaction Date: 2023.03.15 Time zone: GMT f) Place of the transaction Outside trading venue END
(END) Dow Jones Newswires
March 17, 2023 06:00 ET (10:00 GMT)
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