Aggreko hands £2m to Rupert Soames

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AGGREKO chief executive Rupert Soames has been awarded shares with a potential value of more than £2 million as part of an annual incentive plan.

Soames will be able to cash in the awards when he mets a number of performance conditions.

Under the Glasgow company’s “long-term incentive plan”, Soames was awarded 82,166 shares under a “performance share plan” (PSP) award scheme and a further 49,300 shares as part of a “co-investment plan matching” (CIP) award.

Aggreko’s shares closed at 1,632p giving the awards a value of £2.1m.

The generator hire company said the awards were subject to Soames’s continued employment and the “satisfaction of performance conditions set by the remuneration committee”.