RNS Number : 5987C
Aggreko PLC
18 June 2019
 

18 June 2019

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 13 June 2019 of an award of Shares made to the following PDMRs on 13 June 2016 under the Aggreko Restricted Share Plan 2015 (the "RSP"), the following PDMRs undertook transactions in Shares in the Company.

 

On 13 June 2019, 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

Bruce Pool

39,442

4,047

43,489

Dan Ibbetson

9,945

1,020

10,965

Peter Kennerley

19,262

1,976

21,238

Grant Nairn

7,351

754

8,105

 

Subsequently, on 14 June 2019, the following PDMRs sold the number of Shares set out next to their respective names at £7.821109 per Share either to cover the tax liability and dealing costs arising on the vesting of the awards or as a result of an election to sell all the Shares as follows:

 

Name of PDMR

Shares Sold

Share Sale Price

Bruce Pool

10,606

£7.821109

Dan Ibbetson

10,965

£7.821109

Peter Kennerley

10,210

£7.821109

Grant Nairn

8,105

£7.821109

 

For Bruce Pool and Peter Kennerley 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.

 

Due to regulatory constraints in Canada, it was necessary to settle Anna Filipopoulos's award in cash as follows:

 

Original

Award Shares

Dividend Equivalent Shares

Total Award Shares Vesting

Total cash settlement

25,963

2,664

28,627

£223,863.14

 

Sufficient cash was withheld to cover the tax liability. Of the remaining cash approximately two-thirds was used to purchase 10,261 Shares on 14 June 2019 on behalf of Anna Filipopoulos at a price of £7.799 per Share and to pay any dealing and other purchase costs.  These Shares are subject to a further retention period of up to two years with half of the Shares being released one year from vesting and a further half being released after 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

 

 

Bruce Pool (President - Rental Solutions)

 

Dan Ibbetson (Managing Director - Global Products & Technology)

 

Anna Filipopoulos (Group Human Resources Director)

 

Peter Kennerley (Group Legal Director and Company Secretary)

 

Grant Nairn (Chief Information Officer)

 

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

 

 

Cash settlement following the vesting on 13 June 2019 of awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2016.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Anna Filipopoulos

£7.82

28,627

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

28,627

 

£223,863.14

 

e)

 

Date of the transaction

 

 

13 June 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

 

 

Acquisition of Shares following the vesting on 13 June 2019 of awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2016.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Bruce Pool

Nil

43,489

 

Dan Ibbetson

Nil

10,965

 

Peter Kennerley

Nil

21,238

 

Grant Nairn

Nil

8,105

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

83,797

 

Nil

 

e)

 

Date of the transaction

 

 

13 June 2019

f)

 

Place of the transaction

 

 

London Stock Exchange

6

 

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 13 June 2019 of awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2016.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Anna Filipopoulos

£7.799

10,261

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

10,261

 

£80,025.54

 

e)

 

Date of the transaction

 

 

14 June 2019

f)

 

Place of the transaction

 

 

London Stock Exchange

7

 

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 14 June 2019 to satisfy the tax liability and sale of some or all the remaining Shares arising from a vesting of the awards of Shares made under the Aggreko Restricted Share Plan on 13 June 2016.

c)

 

Price(s) and volume(s)

 

 

PDMR

Price(s)

 

Volume(s)

Bruce Pool

£7.821109

10,606

 

Dan Ibbetson

£7.821109

10,965

 

Peter Kennerley

£7.821109

10,210

 

Grant Nairn

£7.821109

8,105

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

39,886

 

£7.821109

e)

 

Date of the transaction

 

14 June 2019

f)

 

Place of the transaction

 

London Stock Exchange

 


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