Keller Group PLC Correction : Director/PDMR Shareholding
09 March 2017 - 11:45PM
UK Regulatory
TIDMKLR
Share price has been corrected to GBP8.79.
Keller Group plc
Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMRs)
Performance Share Plan Awards
On 3 March 2017 Keller Group plc (the "Company") granted share awards
(structured as options) totaling 260,350 Ordinary Shares of 10 pence each in
the Company, as awarded by the Remuneration Committee under the terms of the
Keller Group Performance Share Plan 2014 (the "plan"), in respect of the year
ended 31 December 2016, to the PDMRs listed in the table below.
The Company has received notification from PDMRs pursuant to article 19 of
regulation (EU) No 596/2014 of the European Parliament and of the Council of 16
April 2014 on market abuse ("Market Abuse Regulation" or "MAR"), on 6 March
2017, who were granted conditional awards in respect of the following number of
Ordinary shares of 10 pence each in the Company, under the plan in accordance
with the respective rules.
Name Position No. of Total Share
Ordinary Awards
Shares Award outstanding
* / **
Alain Michaelis Chief Executive 58,590 219,883
James Hind Finance Director 39,875 148,838
John Rubright President of North America 36,560 84,564
Thorsten Holl President of EMEA 26,490 49,496
Mark Kliner President of APAC 26,000 59,386
Venu Raju Engineering and Operations 23,895 46,667
Director
Graeme Cook Human Resources Director 13,660 13,660
Joseph Hubback Strategy Director 14,510 29,847
Michael HSEQ Director 10,810 29,508
Sinclair-Williams
Kerry Porritt Group Company Secretary 9,960 26,706
* The amounts shown above represent the maximum possible number of ordinary
shares that may be granted to the above named participants under the 2017 PSP
Award.
**The price used to calculate the maximum number of ordinary shares under the
2017 PSP Award was GBP8.79, being the average closing price on 28 February 2017,
1 March 2017 and 2 March 2017 of the Company's shares on the main market of the
London Stock Exchange.
The 2017 PSP Awards are subject to two performance conditions linked to Total
Shareholder Return and Earnings per Share and have equal weighting.
The performance conditions are measured over a 3 year period ending on 31
December 2019 and are expected to vest in March 2020.
Annual Bonus Plan
On 3 March 2017, Keller Group plc (the "Company") gave deferred bonus shares
totaling 450 Ordinary Shares of 10 pence each in the Company, under the terms
of the Keller Group Deferred Bonus Plan (the "plan"), in respect of the year
ended 31 December 2016, to Thorsten Holl, a PDMR, as set out below.
The Company has received notification from Mr Holl pursuant to article 19 of
regulation (EU) No 596/2014 of the European Parliament and of the Council of 16
April 2014 on market abuse ("Market Abuse Regulation" or "MAR"), on 6 March
2017, who was given deferred bonus shares in respect of the following number of
Ordinary shares of 10 pence each in the Company, under the plan in accordance
with the respective rules.
Name Position No. of Ordinary
Shares
*
Thorsten Holl President of EMEA 450
* The price used to calculate the maximum number of ordinary shares under the
Deferred Bonus Plan was GBP8.79, being the average closing price on 28 February
2017, 1 March 2017 and 2 March 2017 of the Company's shares on the main market
of the London Stock Exchange.
Annual bonus payments above 100% of salary are deferred into Company shares for
a period of three years and eligible for dividend equivalents over the period
from the date the deferred award is granted, to the date of its vesting. Malus
and clawback may operate in respect of deferred bonus shares.
For the purposes of article 19 of MAR, the above transactions took place in the
United Kingdom, with a grant date of 3 March 2017 and the PDMRs being notified
on 6 March 2017.
K A A Porritt
Group Company Secretary
8 March 2017
www.keller.com
END
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