KELLER GROUP PLC - Director/PDMR Shareholding

KELLER GROUP PLC - Director/PDMR Shareholding

PR Newswire

London, March 17

Keller Group plc (the "Company")

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Awards made under the Company's Long-Term Incentive Plan ("LTIP")

On 15 March 2022 the Company granted:

• Deferred bonus share awards totalling 61,840 ordinary shares of 10p each in the Company ("Ordinary Shares"); and
• Performance share awards totalling 394,163 Ordinary Shares

The grant to the PDMRs listed in the tables below was approved by the Remuneration Committee under the terms of the LTIP and the Company was notified by the PDMRs on 17 March 2022. The transactions took place in the United Kingdom.

Deferred Bonus Share Award - in respect of the year ended 31 December 2021

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 bonus share award retains eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.

Name	Position	No. of Ordinary Sharesawarded1/3	Total Deferred Bonus Awards outstanding3
Michael Speakman	Chief Executive Officer	24,684	48,214
David Burke	Chief Financial Officer	16,206	19,728

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 bonus share award retaining eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.

Name	Position	No. of Ordinary Sharesawarded1/3	Total Deferred Bonus Awards outstanding3
Jim De Waele	President, Europe	1,921	1,921
Eric Drooff	President, North America	5,647	9,365
Venu Raju	Engineering and Operations Director	13,382	27,440

Performance Share Award - for the period 2022/24

Name	Position	No. of Ordinary Shares awarded 1/2/3	Total Performance Share Awards outstanding3
Michael Speakman	Chief Executive Officer	112,990	325,361
David Burke	Chief Financial Officer	61,820	118,093
Graeme Cook	Group People Director	26,111	74,156
Jim De Waele	President, Europe	29,674	78,707
Eric Drooff	President, North America	35,669	105,407
Kerry Porritt	Group Company Secretary and Legal Advisor	22,760	63,651
John Raine	Group HSEQ Director	21,623	63,694
Venu Raju	Engineering and Operations Director	29,535	102,016
Katrina Roche	Chief Information Officer	24,234	46,293
Peter Wyton	President, AMEA	29,747	84,8774

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 5.5%	5.5%	6.5%
Cumulative EPS	25%	Below 330p	330p	400p
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 2024, except for the Operating Profit Margin which is measured in year three. The Performance Share Award performance conditions are expected to vest in March 2025. Executive Directors are subject to a further two year holding period. Malus and clawback apply.

Enquiries:

Keller Group plc
Silvana Glibota-Vigo, Group Head of Secretariat
Tel: [phone]

1 The price used to calculate the maximum number of Ordinary Shares under the Deferred Bonus Share Award and Performance Share Award was 781p, being the average closing price on 9, 10 and 11 March 2022 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 2022 Performance Share Award.

3 The awards above exclude notional dividends.

4 55,130 of these Performance Share Awards are rights to receive cash linked to share value and will, to the extent vested following the end of the performance period, be settled in cash.

LEI number: 549300QO4MBL43UHSN10
Classification: 2.2 Inside information