Aggreko Plc — Director's Dealing 2021

National Storage Mechanism | Additional information

RNS Number : 9350X

Aggreko PLC

07 May 2021

7 May 2021

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

On 6 May 2021 the following conditional share awards over ordinary shares of 4 329/395 pence in Aggreko plc (the "Company") were made under the Aggreko Restricted Stock Plan (the "RSP"), as approved at the Company's 2021 AGM, to the Chief Executive Officer, Chief Financial Officer and other Persons Discharging Managerial Responsibility ("PDMRs") of the Company based on a price of ��8.63 each.

No consideration was paid for the grant of the awards.

The following awards were made under the RSP:

The awards will lapse immediately if the proposed sale of the Company to Albion Acquisitions Limited completes on or before 31 December 2021.

The vesting of the awards is subject to continued employment and performance underpins set by the Remuneration Committee of the Company. Awards may be reduced if ROCE, revenue growth

(both referencing 2019 performance) and/or delivery of the Board's agreed strategy for the repositioning of our environmental impact is not considered by the Committee to be at an acceptable level.

Shares will vest on the third, fourth and fifth anniversaries of the grant date in respect of one-third of the Shares and will be subject to a further holding period, with shares (post-tax) released on the fifth anniversary from date of grant. 

Details of awards granted to PDMRs are set out below in compliance with Article 19 of Regulation 596/2014.

1

Details of the person discharging managerial responsibilities

a)

Name

Chris Weston (Director, Chief Executive Officer)

Heath Drewett (Director, Chief Financial Officer)

Stephen Beynon (Managing Director, Power Solutions)

Bruce Pool (President - Rental Solutions)

Dan Ibbetson (Managing Director)

Kim Kersey (Group People Director)

Grant Nairn (Chief Information Officer)

Simon Thomson (Group Legal Director and 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

Grant of awards under the Aggreko Restricted Stock Plan

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

425,505

nil

e)

Date of the transaction

6 May 2021

f)

Place of the transaction

London Stock Exchange (XLON)

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