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
|