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Aggreko Plc — Director's Dealing 2019
Jun 18, 2019
74738_rns_2019-06-18_f0f5a1cf-acfc-4c84-bc27-ee09ff0ba7ea.html
Director's Dealing
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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
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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