REG-Keller Group PLC: Director/PDMR Shareholding

KellerAnnouncement

13/03/2020 11:45

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

On 9 March 2020 Keller Group plc (the “Company”) granted:
* Deferred bonus award totalling 13,041 ordinary shares in Keller Group plc
(“Ordinary shares”); and
* Performance share awards totalling 450,259 Ordinary shares
as awarded by the Remuneration Committee under the terms of the Keller Long
Term Incentive Plan (the “Plan”), to the PDMRs listed in the tables 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 12
March 2020, who were granted deferred bonus awards and performance share
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.

Deferred Bonus Award

       Name                      Position               No. of Ordinary Shares awarded 1/3  Total Deferred Bonus Awards outstanding 3  
 Michael Speakman  Chief Executive Officer                             4,780                                  6,216                    
 James Hind        President, North America                            4,848                                  4,848                    
 Venu Raju         Engineering and Operations Director                 3,413                                  3,413                    

Executive Directors are subject to a deferral of 25% of any annual bonus
payment into Ordinary shares for a period of two years that is eligible for
dividend equivalents over the period from the date the deferred award is
granted, to the date of its vesting.  Malus and clawback apply.

Performance Share Awards

       Name                         Position                  No. of Ordinary Shares awarded 1/2/3  Total Performance Share Awards outstanding 3  
 Michael Speakman  Chief Executive Officer                                   109,513                                   233,137                    
 Mark Hooper       Interim Chief Financial Officer                           40,676                                    40,676                     
 Venu Raju         Engineering and Operations Director                       36,634                                    101,984                    
 James Hind        President of North America                                65,058                                    184,540                    
 Thorsten Holl     President of EMEA                                         42,260                                    117,257                    
 Peter Wyton       President of APAC                                         27,118                                    69,832                     
 Eric Drooff       Chief Operating Officer of North America                  40,859                                    87,885                     
 Graeme Cook       Group Human Resources Director                            24,275                                    65,696                     
 Jim De Waele      Group Strategy Director                                   22,022                                    58,949                     
 John Raine        Group HSEQ Director                                       21,662                                    46,680                     
 Kerry Porritt     Group Company Secretary and Legal Advisor                 20,182                                    51,575                     

   

                                                                                                                                                   
 Weighting, %  2020 - 2022 Performance measures                                                 Threshold –  25% vesting   Maximum - 100% vesting  
      50%      Cumulative Earnings per Share (EPS) over three years                                       270p                      310p           
      25%      TSR ranking vs FTSE250 (excluding Investment trusts and Financial Services)               Median                Upper quartile      
      25%      Return on Capital Employed (ROCE)                                                           14%                       20%           

The Performance Share Award performance conditions are measured over a three
year period ending on 31 December 2022 and are expected to vest in March 2023.
Executive Directors are subject to a further two year holding period. Malus
and clawback apply.

For the purposes of article 19 of MAR, the above transactions took place in
the United Kingdom, with a grant date of 9 March 2020 and the PDMRs being
notified on 12 March 2020.

K A A Porritt
Group Company Secretary and Legal Advisor
13 March 2020
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 799.00p, being the
average closing price on 21, 24 and 25 February 2020 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 2020
Performance Share Award.

3 The awards above excludes notional dividends.

LEI number:            549300QO4MBL43UHSN10
Classification:         3.1 Additional regulated information required
to be disclosed under the laws of a Member State



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