TIDMAGK

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      Dividend Equivalent   Total Award Shares 
                    Award Shares          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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
 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          Ordinary shares of 4 (329/395) pence 
       financial instrument,       each ('Shares') 
       type of instrument 
 
       Identification code         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 
                                    2,142,326 
       - Aggregated volume 
                                    Nil 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     6 August 2021 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ------------------------------------------- 
 

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END

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August 09, 2021 06:48 ET (10:48 GMT)

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