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Aggreko PLC - Director/PDMR Shareholding

RNS Number : 7446H
Aggreko PLC
26 March 2020
 

26 March 2020

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").

 

Following the vesting on 24 March 2020 of the award of Shares made to Chris Weston on 24 March 2017 under the Aggreko Deferred Share Bonus Plan, Chris acquired, on 24 March 2020, 6,863 Shares for nil consideration. These Shares comprised the 5,569 original award Shares and 1,294 additional dividend equivalent Shares.

 

Subsequently, on 25 March 2020, Chris Weston sold 3,231 Shares at £4.34 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

 

 

Chris Weston

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer

 

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 following the vesting on 24 March 2020 of awards of Shares made under the Aggreko Deferred Share Bonus Plan on 24 March 2017.

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

Nil

6,863

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

6,863

 

Nil

 

e)

 

Date of the transaction

 

 

24 March 2020

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 25 March 2020 to satisfy the tax liability arising from a vesting of the awards of Shares made under the Aggreko Deferred Share Plan on 24 March 2017.

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

£4.34

3,231

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

3,231

 

£4.34

e)

 

Date of the transaction

 

25 March 2020

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: 466

Market: LSE
Market Cap: £1.19 billion
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