KLR Keller Group Plc

 
TIDMKLR 
 
Keller Group plc 
 
   Notification and public disclosure of transactions by Persons Discharging 
                     Managerial Responsibilities ("PDMRs") 
 
    Awards made under Keller Group plc's Long-Term Incentive Plan ("LTIP") 
 
On 15 March 2021 Keller Group plc (the "Company") granted: 
 
  * Deferred bonus awards totalling 67,607 ordinary shares of 10p each in 
    Keller Group plc ("Ordinary Shares"); and 
  * Performance share awards totalling 427,074 Ordinary Shares 
 
as awarded by the Remuneration Committee under the terms of the LTIP to the 
PDMRs listed in the tables below. 
 
The Company received notification from PDMRs on 17 March 2021 of the granting 
of deferred bonus awards and performance share awards under the LTIP in respect 
of the following number of Ordinary Shares. 
 
Deferred Bonus Award - in respect of the year ended 31 December 2020 
 
Executive Directors are subject to a deferral of 25% of any annual bonus 
payment into Ordinary Shares for a period of two years. The deferred award 
retains eligibility for dividend equivalents from the date of grant until the 
vesting date. Malus and clawback apply. 
 
      Name                      Position                 No. of      Total 
                                                        Ordinary    Deferred 
                                                        Shares    Bonus Awards 
                                                       awarded1/3 outstanding3 
 
 
Michael Speakman  Chief Executive Officer                23,530      28,310 
 
David Burke       Chief Financial Officer                3,522       3,522 
 
Other PDMRs are subject to a deferral into Ordinary Shares of any annual bonus 
payment in excess of 100% of salary. The deferral is also for a period of two 
years, with the deferred award retaining eligibility for dividend equivalents 
from the date of grant until the vesting date. Malus and clawback apply. 
 
      Name                      Position                 No. of      Total 
                                                        Ordinary    Deferred 
                                                        Shares    Bonus Awards 
                                                       awarded1/3 outstanding3 
 
 
Eric Drooff       Chief Operating Officer of North       3,718       3,718 
                  America 
 
James Hind        President of North America             19,230      24,078 
 
Venu Raju         Engineering and Operations Director    14,058      17,471 
 
Peter Wyton       President of APAC                      3,549       3,549 
 
Performance Share Awards - for the period 2021/23 
 
      Name                      Position                 No. of       Total 
                                                        Ordinary   Performance 
                                                         Shares    Share Awards 
                                                        awarded 1  outstanding3 
                                                          /2/3 
 
Michael Speakman  Chief Executive Officer               102,858      335,995 
 
David Burke       Chief Financial Officer                56,273       56,273 
 
Graeme Cook       Group Human Resources Director         23,770       77,721 
 
Jim De Waele      President of Europe                    27,011       75,958 
 
Eric Drooff       Chief Operating Officer of North       28,879      105,465 
                  America 
 
James Hind        President of North America             61,247      202,904 
 
Kerry Porritt     Group Company Secretary and Legal      20,709       63,719 
                  Advisor 
 
John Raine        Group HSEQ Director                    20,409       67,089 
 
Venu Raju         Engineering and Operations Director    35,847      117,278 
 
Katrina Roche     Chief Information Officer              22,059       22,059 
 
Peter Wyton       President of APAC                      28,012       85,567 
 
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. 
 
Measure                   Weighting         Vesting Schedule 
 
                                       % of award that will vest 
 
                                        0%        25%       100% 
 
Operating Profit Margin      25%    Below 5.2%    5.2%      6.2% 
 
Cumulative EPS               25%    Below 245p    245p      310p 
 
ROCE                         25%     Below 12%    12%        18% 
 
Relative TSR                 25%       Below     Median     Upper 
                                      median              quartile 
 
The Performance Share Award performance conditions are measured over a three 
year period ending on 31 December 2023, except for the Operating Profit Margin 
which is measured in year three. The Performance Share Award performance 
conditions are expected to vest in March 2024. Executive Directors are subject 
to a further two year holding period. Malus and clawback apply. 
 
The above transactions took place in the United Kingdom, with a grant date of 
15 March 2021 and the PDMRs being notified on 17 March 2021. 
 
K A A Porritt 
Group Company Secretary and Legal Advisor 
17 March 2021 
www.keller.com 
 
1 The price used to calculate the maximum number of ordinary shares under the 
Deferred Bonus Award and Performance Share Award was 833p, being the average 
closing price on 10, 11 and 12 March 2021 of the Company's shares on the main 
market of the London Stock Exchange. 
 
2 The amounts shown above represent the maximum possible number of Ordinary 
Shares that may be granted to the above named participants under the 2021 
Performance Share Award. 
 
3 The awards above exclude notional dividends. 
 
LEI number:              549300QO4MBL43UHSN10 
Classification:           2.2 Inside information 
 
 
 
END 
 
 

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