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Aggreko PLC - Director/PDMR Shareholding

RNS Number : 9333X
Aggreko PLC
02 May 2019
 

2 May 2019

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Stephen Beynon (Managing Director, Power Solutions), a Person Discharging Managerial Responsibility ("PDMR"), undertook the following transactions in ordinary shares in Aggreko plc (the "Company").

 

Restricted Share Plan vesting

Following the vesting on 1 May 2019 of the award of shares made to Stephen Beynon, on 13 June 2017 under the Aggreko Restricted Share Plan 2015 (RSP), Stephen undertook the following transactions in ordinary shares in the Company.

 

On 1 May 2019, Stephen Beynon acquired a total of 13,095 ordinary shares for nil consideration, comprising the original award of 12,311 shares and 784 additional dividend equivalent shares.

 

Subsequently, on 1 May 2019, Stephen sold 6,164 ordinary shares at 847.7 pence per share to cover the tax liability and dealing costs arising on the vesting of the award.

 

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

 

Stephen Beynon

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director, Power Solutions

b)

 

Initial notification /Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 4 329/395 pence each ('Shares')

 

 

GB00BK1PTB77

 

b)

 

Nature of the transaction

 

 

Acquisition of Shares for nil consideration following the vesting on 1 May 2019 of the award of shares made under the Aggreko Restricted Share Plan 2015.

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

Nil

13,095

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

13,095

 

nil

e)

 

Date of the transaction

 

1 May 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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 4 329/395 pence each ('Shares')

 

 

GB00BK1PTB77

 

b)

 

Nature of the transaction

 

 

Sale of Shares on 1 May 2019 to satisfy the tax liability arising from the vesting of the award of shares made under the Aggreko Restricted Share Plan 2015.

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

£8.477

6,164

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

6,164

 

£8.477

e)

 

Date of the transaction

 

1 May 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 [email protected] or visit www.rns.com.
 
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Quick facts: Aggreko

Price: 434.2

Market: LSE
Market Cap: £1.11 billion
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