REG-Keller Group PLC: Director/PDMR Shareholding

KellerAnnouncement

17/03/2021 14:40

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 Ordinary Shares awarded 1/3  Total Deferred Bonus Awards outstanding 3  
 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 Ordinary Shares awarded 1/3  Total Deferred Bonus Awards outstanding 3  
 Eric Drooff  Chief Operating Officer of North America                 3,718                                  3,718                    
 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 Ordinary Shares awarded 1/2/3  Total Performance Share Awards outstanding 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 America                  28,879                                    105,465                    
 James Hind        President of North America                                61,247                                    202,904                    
 Kerry Porritt     Group Company Secretary and Legal Advisor                 20,709                                    63,719                     
 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 
                                                   awa 
                                                   rd 
                                                   tha 
                                                   t  
                                                   wil 
                                                   l  
                                                   ves 
                                                   t  
                              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    Median   Upper 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



Copyright (c) 2021 PR Newswire Association,LLC. All Rights Reserved