AI assistant
Aggreko Plc Director's Dealing 2021
74738_rns_2021-08-09_cf4e3383-a4bd-438b-a1dd-d48359b55e66.html
Director's Dealing
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 0247I
Aggreko PLC
09 August 2021
9 August 2021
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").
Recommened Cash Acquisition - long-term incentive plan vesting
On 5 March 2021, the boards of Aggreko plc ("Aggreko") and Albion Acquisitions Limited ("Bidco") announced that they had reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of Aggreko (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme").
On 26 April 2021, the Scheme was approved by the Scheme Shareholders at the Court Meeting and the Special Resolution relating to the implementation of the Scheme was approved by the Aggreko Shareholders at the General Meeting.
On 6 August 2021, the Court of Session in Edinburgh, Scotland sanctioned the Scheme pursuant to which the Acquisition is being implemented. Various awards of Shares made to the following PDMRs vested under the Aggreko Deferred Share Bonus Plan (the "DSBP") and Aggreko Long Term Incentive Plan. The following PDMRs undertook transactions in Shares in the Company.
On 6 August 2021, 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 |
| Deferred Share Bonus Plan | |||
| Chris Weston | 170,510 | 3,595 | 174,105 |
| Heath Drewett | 104,832 | 2,217 | 107,049 |
| Stephen Beynon | 18,751 | 555 | 19,306 |
| Dan Ibbetson | 18,232 | 455 | 18,687 |
| Grant Nairn | 11,569 | 319 | 11,888 |
| Bruce Pool | 29,497 | 892 | 30,389 |
| Long Term Incentive Plan | |||
| Chris Weston | 460,676 | 13,501 | 474,177 |
| Heath Drewett | 282,548 | 8,280 | 290,828 |
| Stephen Beynon | 261,049 | 7,650 | 268,699 |
| Dan Ibbetson | 203,295 | 5,987 | 209,282 |
| Kim Kersey | 92,856 | 2,285 | 95,141 |
| Grant Nairn | 115,875 | 3,331 | 119,206 |
| Bruce Pool | 249,468 | 7,119 | 256,587 |
| Simon Thomson | 65,427 | 1,555 | 66,982 |
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 (Chief Executive Officer)
Heath Drewett (Chief Financial Officer)
Stephen Beynon (Managing Director, Power Solutions)
Dan Ibbetson (Managing Director)
Kim Kersey (Group People Director)
Grant Nairn (Chief Information Officer)
Bruce Pool (President - Rental Solutions)
Simon Thomson (Group Legal Director & Company Secretary)
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 6 August 2021 of awards of Shares made under the Aggreko Deferred Share Bonus Plan and Aggreko Long Term Incentive Plan on 1 April 2019 and 23 March 2020, following the sanctioning of the scheme of arrangement in relation to the recommended cash offer for Aggreko plc.
c)
Price(s) and volume(s)
| PDMR | Price(s) | Volume(s) |
| C Weston | Nil | 648,282 |
| H Drewett | Nil | 397,877 |
| S Beynon | Nil | 288,005 |
| D Ibbetson | Nil | 227,969 |
| K Kersey | 95,141 | |
| G Nairn | Nil | 131,094 |
| B Pool | Nil | 286,976 |
| S Thomson | Nil | 66,982 |
d)
Aggregated information
- Aggregated volume
- Price
2,142,326
Nil
e)
Date of the transaction
6 August 2021
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHDZGGRGLKGMZM