Keller Group Plc - Director/PDMR Shareholding
Director/PDMR Shareholding
Long Term Incentive Plan (“LTIP”) vesting
As a result of the vesting of Shares under the Company’s LTIP, on
LTIP Deferred Bonus Awards granted on
Number of Number of Shares Number of Shares Net number of
Director / PDMR Shares awarded released* sold to cover Shares acquired
tax liability
David Burke 817 892 420 472
Michael 1,245 1,359 639 720
Speakman
*Includes dividend equivalents added as Shares since the date of grant.
LTIP Performance Share Awards granted on
_________________________________________________________________________ | |Number of |Number of|Number of Shares|Net number of | |Director / PDMR|Shares awarded|Shares |sold to cover |Shares acquired| | | |released*|tax liability | | |_______________|______________|_________|________________|_______________| |David Burke |61,820 |70,963 |33,353 |37,610 | |_______________|______________|_________|________________|_______________| |Kerry Porritt |22,760 |26,126 |12,280 |13,846 | |_______________|______________|_________|________________|_______________| |Michael |112,990 |129,700 |60,959 |68,741 | |Speakman | | | | | |_______________|______________|_________|________________|_______________| |Peter Wyton |29,747 |34,146 |- |34,146 | |_______________|______________|_________|________________|_______________|
*Includes dividend equivalents added as Shares since the date of grant.
The 2022 LTIP Performance Share Awards were measured over a three-year performance period which began on
Vesting schedule and outcome3
Measures % of award that will vest
Outcome Vesting %
0% 25% 100%
25% weight
Cumulative EPS over Below 330p 330p 400p 454.5p 25
three years1
25% weight
Keller’s TSR
performance vs FTSE Below median Median Upper quartile Upper quartile 25
250 index2 over
three years
25% weight
Average ROCE over Below 12% 12% 18% 22.0% 25
three years1,3
25% weight
Operating profit Below 5.5% 5.5% 6.5% 7.1% 25
margin
Total vesting 100
1 EPS and ROCE are before non-underlying items on an IFRS 16 basis.
2 Excluding investment trusts and financial services.
3 Average of the three-year ROCE for 2022–24.
LTIP Conditional Share Awards granted on
______________________________________________________________________________ | |Number of Shares|Number of Shares|Number of Shares |Net number of | |PDMR |awarded |released* |sold to cover tax|Shares acquired| | | | |liability | | |__________|________________|________________|_________________|_______________| |Deepak Raj|5,797 |6,654 |- |6,654 | |__________|________________|________________|_________________|_______________|
*Includes dividend equivalents added as Shares since the date of grant.
The Shares to satisfy the LTIP vesting were sold at
The Notification of Dealing Form for each Executive Director and PDMR can be found below.
LTIP grant
On
-- Deferred Bonus Awards totalling 23,391 Shares; and
-- Performance Share Awards totalling 230,883 Shares.
The grant to the Executive Directors and PDMRs listed in the tables below was approved by the Remuneration Committee under the terms of the LTIP.
LTIP Deferred Bonus Awards – in respect of the year ended
Executive Directors are subject to a deferral of 25% of any annual bonus payment into Shares for a period of two years. Other PDMRs are subject to a deferral into Shares of any annual bonus payment in excess of 100% of salary, also for a period of two years. The Deferred Bonus Awards retain eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.
______________________________________________________________________________ |Director / PDMR |No. of Ordinary Shares awarded1/3|Total Deferred Bonus Awards| | | |outstanding3 | |________________|_________________________________|___________________________| |David Burke |9,092 |21,004 | |________________|_________________________________|___________________________| |Michael Speakman|13,847 |31,991 | |________________|_________________________________|___________________________| |Deepak Raj |452 |452 | |________________|_________________________________|___________________________|
LTIP Performance Share Awards – for the period 2025/27
__________________________________________________________________ |Director / PDMR |No. of Ordinary |Total Performance Share Awards| | |Sharesawarded1/2/3|outstanding3 | |________________|__________________|______________________________| |David Burke |47,896 |172,194 | |________________|__________________|______________________________| |Paul Leonard |32,614 |65,556 | |________________|__________________|______________________________| |Kerry Porritt |14,688 |60,449 | |________________|__________________|______________________________| |Deepak Raj |22,592 |45,070 | |________________|__________________|______________________________| |Michael Speakman|85,135 |312,319 | |________________|__________________|______________________________| |Peter Wyton |27,958 |120,429 | |________________|__________________|______________________________|
The price used to calculate the maximum number of Ordinary Shares under the Deferred Share Awards and Performance Share Awards was 1,381p, being the average closing price on 12, 13 and
2 The amounts shown above represent the maximum possible number of Shares that may be granted to the above named participants under the 2025 Performance Share Awards.
3 The awards above exclude 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.
Vesting schedule
Measures % of award that will vest
0% 25% 100%
25% weight Below 600p 600p 725p
Cumulative EPS over three years1
25% weight
Keller’s relative TSR performance vs FTSE Below median Median Upper quartile
2502 Index over three years
25% weight Below 23% 23% 30%
Average ROCE over three years1
25% weight Below 6.0% 6.0% 8.0%
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 Awards performance conditions are measured over a three year period ending on
Enquiries:
Tel: 020 7616 7575
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 10,000 staff and operations across five continents, Keller tackles an unrivalled 5,500 projects every year, generating annual revenue of c.£3bn.
______________________________________________________________________________ | |Details of persons discharging managerial responsibility (“PDMR”) | |1 | | | |/ person closely associated (“PCA”) | |__|___________________________________________________________________________| |a)|Name |David Burke | |__|___________________________________|_______________________________________| |2 |Reason for the notification | |__|___________________________________________________________________________| | | | |PCA | | | |PDMR | | | | | |(Provide name of | |a)|Position / status |(Provide job title) |job title of | | | | |relevant PDMR) | | | |____________________|__________________| | | |Chief Financial |N/A | | | |Officer | | |__|___________________________________|____________________|__________________| |b)|Initial notification/Amendment |Initial notification | |__|___________________________________|_______________________________________| |3 |Details of the issuer | |__|___________________________________________________________________________| |a)|Name |Keller Group plc | |__|___________________________________|_______________________________________| | | |549300QO4MBL43UHSN10 | |b)|LEI and classification | | | | |2.2 Inside information | |__|___________________________________|_______________________________________| | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | | | |(Please state | | |c)|Price(s) and volume(s) |currency) | | | | |____________________|__________________| | | |Nil |892 | | | |____________________|__________________| | | |Nil |70,963 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Nil |71,855 | |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |£14.08 |420 | |__|___________________________________|____________________|__________________| | | |£14.08 |33,353 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |£14.08 |33,773 | |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of persons discharging managerial responsibility (“PDMR”) | |1 | | | |/ person closely associated (“PCA”) | |__|___________________________________________________________________________| |a)|Name |Kerry Porritt | |__|___________________________________|_______________________________________| |2 |Reason for the notification | |__|___________________________________________________________________________| | | | |PCA | | | |PDMR | | | | | |(Provide name of | | | |(Provide job title) |job title of | |a)|Position / status | |relevant PDMR) | | | |____________________|__________________| | | |Chief Sustainability| | | | |Officer and Company |N/A | | | |Secretary | | |__|___________________________________|____________________|__________________| |b)|Initial notification/Amendment |Initial notification | |__|___________________________________|_______________________________________| |3 |Details of the issuer | |__|___________________________________________________________________________| |a)|Name |Keller Group plc | |__|___________________________________|_______________________________________| | | |549300QO4MBL43UHSN10 | |b)|LEI and classification | | | | |2.2 Inside information | |__|___________________________________|_______________________________________| | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |Nil |26,126 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Not applicable - |Not applicable - | | | |single transaction |single transaction| |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X |X | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |£14.08 |12,280 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Not applicable - |Not applicable - | | | |single transaction |single transaction| |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of persons discharging managerial responsibility (“PDMR”) | |1 | | | |/ person closely associated (“PCA”) | |__|___________________________________________________________________________| |a)|Name |Deepak Raj | |__|___________________________________|_______________________________________| |2 |Reason for the notification | |__|___________________________________________________________________________| | | | |PCA | | | |PDMR | | | | | |(Provide name of | |a)|Position / status |(Provide job title) |job title of | | | | |relevant PDMR) | | | |____________________|__________________| | | |President, APAC |N/A | |__|___________________________________|____________________|__________________| |b)|Initial notification/Amendment |Initial notification | |__|___________________________________|_______________________________________| |3 |Details of the issuer | |__|___________________________________________________________________________| |a)|Name |Keller Group plc | |__|___________________________________|_______________________________________| | | |549300QO4MBL43UHSN10 | |b)|LEI and classification | | | | |2.2 Inside information | |__|___________________________________|_______________________________________| | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |Nil |6,654 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Not applicable - |Not applicable - | | | |single transaction |single transaction| |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of persons discharging managerial responsibility (“PDMR”) | |1 | | | |/ person closely associated (“PCA”) | |__|___________________________________________________________________________| |a)|Name |Michael Speakman | |__|___________________________________|_______________________________________| |2 |Reason for the notification | |__|___________________________________________________________________________| | | | |PCA | | | |PDMR | | | | | |(Provide name of | |a)|Position / status |(Provide job title) |job title of | | | | |relevant PDMR) | | | |____________________|__________________| | | |Chief Executive |N/A | | | |Officer | | |__|___________________________________|____________________|__________________| |b)|Initial notification/Amendment |Initial notification | |__|___________________________________|_______________________________________| |3 |Details of the issuer | |__|___________________________________________________________________________| |a)|Name |Keller Group plc | |__|___________________________________|_______________________________________| | | |549300QO4MBL43UHSN10 | |b)|LEI and classification | | | | |2.2 Inside information | |__|___________________________________|_______________________________________| | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |Nil |1,359 | |__|___________________________________|____________________|__________________| | | |Nil |129,700 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Nil |131,059 | |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |£14.08 |639 | |__|___________________________________|____________________|__________________| | | |£14.08 |60,959 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |£14.08 |61,598 | |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
______________________________________________________________________________ | |Details of persons discharging managerial responsibility (“PDMR”) | |1 | | | |/ person closely associated (“PCA”) | |__|___________________________________________________________________________| |a)|Name |Peter Wyton | |__|___________________________________|_______________________________________| |2 |Reason for the notification | |__|___________________________________________________________________________| | | | |PCA | | | |PDMR | | | | | |(Provide name of | |a)|Position / status |(Provide job title) |job title of | | | | |relevant PDMR) | | | |____________________|__________________| | | |President, EME |N/A | |__|___________________________________|____________________|__________________| |b)|Initial notification/Amendment |Initial notification | |__|___________________________________|_______________________________________| |3 |Details of the issuer | |__|___________________________________________________________________________| |a)|Name |Keller Group plc | |__|___________________________________|_______________________________________| | | |549300QO4MBL43UHSN10 | |b)|LEI and classification | | | | |2.2 Inside information | |__|___________________________________|_______________________________________| | |Details of the transaction(s): section to be repeated for (i) each type of | |4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each | | |place where transactions have been conducted | |__|___________________________________________________________________________| | |Description of the financial |Ordinary shares of 10p each | |a)|instrument | | | | |GB0004866223 | | |Identification code | | |__|___________________________________|_______________________________________| |b)|Indicate nature of the transaction |Acquisition|Disposal|Subscription|Other| |__|___________________________________|___________|________|____________|_____| | |ii) Is the transaction linked to an|Yes |No | | |exercise of a share award? |____________________|__________________| | | |X | | |__|___________________________________|____________________|__________________| | | | | |If yes, provide | | | | | |date at which | | |iii) Was the transaction conducted |Yes |No |investment | | |pursuant to an investment programme| | |programme or | | |or a trading plan? | | |trading plan was | | | | | |entered into: | | | |___________|________|__________________| | | | |X | | |__|___________________________________|___________|________|__________________| | | |Price(s) | | | | | |Volume(s) | |c)|Price(s) and volume(s) |(Please state | | | | |currency) | | | | |____________________|__________________| | | |Nil |34,146 | |__|___________________________________|____________________|__________________| | | |Aggregated price(s) |Aggregated volume | | | |(Please state |(s) | |d)|Aggregated information |currency) | | | | |____________________|__________________| | | |Not applicable - |Not applicable - | | | |single transaction |single transaction| |__|___________________________________|____________________|__________________| | | |Date: 17.03.2025 | |e)|Date of the transaction | | | | |Time zone: GMT | |__|___________________________________|_______________________________________| |f)|Place of the transaction |Outside trading venue | |__|___________________________________|_______________________________________|
