Director/PDMR Shareholding
Updated : 16:59
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
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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)
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2
| Reason for the notification
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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
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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
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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)
|
| ||||||||||||||||||
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)
|
| ||||||||||||||||||
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 |
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