REG-Keller Group Plc: Director/PDMR Shareholding

KellerAnnouncement

03/06/2024 16:15

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 outstanding 3  
 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 
                                                                                                   awa 
                                                                                                   rd 
                                                                                                   tha 
                                                                                                   t  
                                                                                                   wil 
                                                                                                   l  
                                                                                                   ves 
                                                                                                   t  
                                                                             0%            25%     100%            
 25% weight                                                                  Below 330p    330p    400p            
  Cumulative EPS over three years 1                                                                                
 25% weight                                                                  Below median  Median  Upper quartile  
  Keller’s relative TSR performance vs FTSE 250 2 Index over three years                                           
 25% weight                                                                  Below 12%     12%     18%             
  Average ROCE over three years                                                                                    
 25% weight                                                                  Below 5.5%    5.5%    6.5%            
  Operating profit margin (“OPM”) in year three                                                                    

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)                                                               Aggregated volume(s)                                                                      
                                                                                                 (Please state currency)                                                                                                                                                    
                                                                                                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                                                                                                                                                       

 



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