Keller Group Plc - Director/PDMR Shareholding

PR Newswire

3 June 2024

Keller Group plc

 

Director/PDMR Shareholding

Keller Group plc (the "Company") announces that following the appointment of Paul Leonard as Divisional President - North America, he was granted a Performance Share Award under the Company’s Long Term Incentive Plan. Mr Leonard is a Person Discharging Managerial Responsibilities (“PDMR”) and the grant was approved by the Remuneration Committee.

Details of the grant are set out below and in the Notification of Dealing form at the end of the announcement:

Grant date

No. of Ordinary shares of 10 pence each (“Shares”) awarded 1/2/3

Total Performance Share Awards outstanding3

3 June 2024

32,942

32,942

 The price used to calculate the maximum number of Shares under the Performance Share Award was 1,319.00p, being the average closing price on 29, 30, and 31 May 2024 of the Company's Shares on the main market of the London Stock Exchange.

2 The amount shown above represent the maximum possible number of Shares that may be granted to the PDMR under the 2024 Performance Share Awards.

3 The award excludes notional dividends.

The measures selected by the Remuneration Committee together with the associated targets are shown on the table below. The weightings are all set at 25% in order to provide balance between measures and materiality to each of them individually.

Measures

Vesting schedule

% of award that will vest

0%

25%

100%

25% weight
Cumulative EPS over three years1

Below 330p

330p

400p

25% weight
Keller’s relative TSR performance vs FTSE 2502 Index over three years

Below median

Median

Upper quartile

25% weight
Average ROCE over three years

Below 12%

12%

18%

25% weight
Operating profit margin (“OPM”) in year three

Below 5.5%

5.5%

6.5%

1 EPS and ROCE are before non-underlying items on an IFRS 16 basis.

2 Excluding investment trusts and financial services.

The Performance Share Award performance conditions are measured over a three-year period ending on 31 December 2026, except for the OPM which is measured in year three. The Performance Share Award performance conditions are expected to vest in June 2027. Malus and clawback apply.

Enquiries:

Keller Group plc

Silvana Glibota-Vigo, Group Head of Secretariat

Tel: 020 7616 7575
www.keller.com

 

LEI number:   549300QO4MBL43UHSN10
Classification: 2.2 Inside information

 

Notes to editors:

Keller is the world's largest geotechnical specialist contractor providing a wide portfolio of advanced foundation and ground improvement techniques used across the entire construction sector. With around 9,500 staff and operations across five continents, Keller tackles an unrivalled 5,500 projects every year, generating annual revenue of c.£3bn.

 

1

Details of persons discharging managerial responsibility (“PDMR”)

/ person closely associated (“PCA”)

a)

Name

Paul Leonard

2

Reason for the notification

a)

Position / status

PDMR

(Provide job title)

PCA

(Provide name of job title of relevant PDMR)

Divisional President - North America

N/A

b)

Initial notification/Amendment

 

Initial notification

 

3

Details of the issuer

a)

Name

Keller Group plc

b)

LEI and classification

549300QO4MBL43UHSN10

2.2 Inside information

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

Identification code

Ordinary shares of 10p each

GB0004866223

b)

Indicate nature of the transaction

Acquisition

Disposal

Subscription

Other

 

ii) Is the transaction linked to an exercise of a share award?

Yes

No

X

 

 

iii) Was the transaction conducted pursuant to an investment programme or a trading plan?

Yes

No

If yes, provide date at which investment programme or trading plan was entered into:

 

X

 

c)

Price(s) and volume(s)

Price(s)

(Please state currency)

Volume(s)

Nil

32,942

d)

Aggregated information

 

Aggregated price(s)
(Please state currency)

Aggregated volume(s)

Not applicable - single transaction

Not applicable - single transaction

e)

Date of the transaction

Date: 03.06.2024

Time zone: GMT

f)

Place of the transaction

Outside trading venue