AGK.L

Aggreko Plc
Aggreko PLC - Director/PDMR Shareholding
9th August 2021, 10:48
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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

 

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