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Aggreko PLC - Director/PDMR Shareholding

RNS Number : 4279Q
Aggreko PLC
18 June 2020
 

18 June 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").

 

Restricted Share Plan vesting

 

Following the vesting on 15 June 2020 of an award of Shares made to the following PDMRs on 13 June 2017 under the Aggreko Restricted Share Plan 2015 (the "RSP"), the following PDMRs undertook transactions in Shares in the Company.

 

On 15 June 2020, the following PDMRs acquired Shares for nil consideration, comprising the original award Shares and additional dividend equivalent Shares:

 

Name of PDMR

Original

Award Shares

Dividend Equivalent Shares

Total Award Shares Vesting

Stephen Beynon

36,935

4,671

41,606

Dan Ibbetson

15,990

2,022

18,012

Peter Kennerley

15,990

2,022

18,012

Grant Nairn

13,904

1,758

15,662

Bruce Pool

33,831

4,278

38,109

 

Subsequently, on 16 June 2020, the following PDMRs sold the number of Shares set out next to their respective names at £4.858768 per Share to cover the tax liability and dealing costs arising on the vesting of the awards as follows:

 

Name of PDMR

Shares Sold

Share Sale Price

Stephen Beynon

19,585

£4.858768

Dan Ibbetson

8,479

£4.858768

Peter Kennerley

8,659

£4.858768

Grant Nairn

7,530

£4.858768

Bruce Pool

9,294

£4.858768

 

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.

 

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 (President Aggreko Power Solutions)

 

Dan Ibbetson (Managing Director - Global Products & Technology)

 

Peter Kennerley (Group Legal Director and Company Secretary)

 

Grant Nairn (Chief Information Officer)

 

Bruce Pool (President Aggreko Rental Solutions)

 

2

 

Reason for the notification

 

a)

 

Position/status

 

As detailed in 1a) above

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 15 June 2020 of awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2017.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Stephen Beynon

Nil

41,606

 

Dan Ibbetson

Nil

18,012

Peter Kennerley

Nil

18,012

Grant Nairn

Nil

15,662

Bruce Pool

Nil

38,109

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

131,401

 

Nil

 

e)

 

Date of the transaction

 

 

15 June 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 16 June 2020 to satisfy the tax liability arising from a vesting of the awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2017.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Stephen Beynon

£4.858768

19,585

Dan Ibbetson

£4.858768

8,479

Peter Kennerley

£4.858768

8,659

Grant Nairn

£4.858768

7,530

Bruce Pool

£4.858768

9,294

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

53,547

 

£4.858768

e)

 

Date of the transaction

 

16 June 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: 430.6

Market: LSE
Market Cap: £1.08 billion
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