Director/PDMR Shareholding
Keller Group plc announced that on March 23, 2026, Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) acquired shares following the vesting of Long Term Incentive Plan awards. David Burke acquired a net of 6,757 shares from a deferred bonus award and 42,769 shares from a performance award, while Peter Wyton acquired 42,769 shares from a performance award, and Deepak Raj acquired 8,113 shares from a conditional award. These acquisitions were for nil consideration, with some shares sold at £20.23 each to cover tax liabilities. The performance awards vested fully as all four performance conditions were met.
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Keller Group plc (the "Company") announces that on 23 March 2026 it was notified of the following transactions in the Company's Ordinary shares of 10
pence each (“Shares”) undertaken by Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs"):
Long Term Incentive Plan (“LTIP”) vesting
As a result of the vesting on 18 March 2026 of Shares under the Company’s LTIP, the following Executive Directors and PDMRs acquired Shares for nil consideration on 23 March 2026:
LTIP Deferred Bonus Awards granted on 18 March 2024 – in respect of the year ended 31 December 2023
| Director / PDMR | Number of Shares awarded | Number of Shares released* | Number of Shares sold to cover tax liability | Net number of Shares acquired |
|---|---|---|---|---|
| David Burke | 11,912 | 12,789 | 6,032 | 6,757 |
*Includes dividend equivalents added as Shares since the date of grant.
LTIP Performance Share Awards granted on 15 March 2023 – for the period 2023/25
| Director / PDMR | Number of Shares awarded | Number of Shares released* | Number of Shares sold to cover tax liability | Net number of Shares acquired |
|---|---|---|---|---|
| David Burke | 71,533 | 80,949 | 38,180 | 42,769 |
| Peter Wyton | 38,193 | 43,220 | - | 43,220 |
*Includes dividend equivalents added as Shares since the date of grant.
The 2023 LTIP Performance Share Awards were measured over a three-year performance period which began on 1 January 2023 and ended on 31 December 2025, and were subject to four performance conditions. The performance conditions were fully and the awards vested as follows:
| Measures | Vesting schedule and outcome 3 | ||||
|---|---|---|---|---|---|
| % of award that will vest | Outcome | Vesting % | |||
| 0% | 25% | 100% | |||
| 25% weight Cumulative EPS over three years 1 | Below 330p | 330p | 400p | 561.6p | 25 |
| 25% weight Keller’s TSR performance vs FTSE 250 index 2 over three years | Below median | Median | Upper quartile | Top quartile | 25 |
| 25% weight Average ROCE over three years 1,3 | Below 12% | 12% | 18% | 27.3% | 25 |
| 25% weight Operating profit margin | Below 5.5% | 5.5% | 6.5% | 7.1% | 25 |
| Total vesting | 100 |
1
EPS and ROCE are before non-underlying items on an IFRS 16 basis and EPS is calculated excluding the impact of the share buyback..
2
Excluding investment trusts and financial services.
3
Average of the three-year ROCE for 2023–25.
LTIP Conditional Share Awards granted on 15 March 2023
| PDMR | Number of Shares awarded | Number of Shares released* | Number of Shares sold to cover tax liability | Net number of Shares acquired |
|---|---|---|---|---|
| Deepak Raj | 7,170 | 8,113 | - | 8,113 |
*Includes dividend equivalents added as Shares since the date of grant.
The Shares used to satisfy the LTIP vesting were sold at 2,023 pence each
to cover tax liabilities (which includes employee social security charges) and the transaction took place through the London Stock Exchange.
The Notification of Dealing Form for each Executive Director and PDMR can be found below.
| a) | Name | David Burke | |||
| 2 | Reason for the notification | ||||
| a) | Position / status | PDMR (Provide job title) | PCA (Provide name of job title of relevant PDMR) | ||
| Chief Financial Officer | N/A | ||||
| b) | Initial notification/Amendment | Initial notification | |||
| 3 | Details of the issuer | ||||
| a) | Name | Keller Group plc | |||
| b) | LEI and classification | 549300QO4MBL43UHSN10 2.2 Inside information | |||
| a) | Description of the financial instrument Identification code | Ordinary shares of 10p each GB0004866223 | |||
| b) | Indicate nature of the transaction | Acquisition | Disposal | Subscription | Other |
| ii) Is the transaction linked to an exercise of a share award? | Yes | No | |||
| X | |||||
| iii) Was the transaction conducted pursuant to an investment programme or a trading plan? | Yes | No | If yes, provide date at which investment programme or trading plan was entered into: | ||
| X | |||||
| c) | Price(s) and volume(s) | Price(s) (Please state currency) | Volume(s) | ||
| Nil | 12,789 | ||||
| Nil | 80,949 | ||||
| d) | Aggregated information | Aggregated price(s) (Please state currency) | Aggregated volume(s) | ||
| Nil | 93,738 | ||||
| e) | Date of the transaction | Date: 18.03.2026 Time zone: GMT | |||
| f) | Place of the transaction | Outside trading venue | |||
| a) | Description of the financial instrument Identification code | Ordinary shares of 10p each GB0004866223 | |||
| b) | Indicate nature of the transaction | Acquisition | Disposal | Subscription | Other |
| ii) Is the transaction linked to an exercise of a share award? | Yes | No | |||
| X | |||||
| iii) Was the transaction conducted pursuant to an investment programme or a trading plan? | Yes | No | If yes, provide date at which investment programme or trading plan was entered into: | ||
| X | |||||
| c) | Price(s) and volume(s) | Price(s) (Please state currency) | Volume(s) | ||
| £20.23 | 6,032 | ||||
| £20.23 | 38,180 | ||||
| d) | Aggregated information | Aggregated price(s) (Please state currency) | Aggregated volume(s) | ||
| £20.23 | 44,212 | ||||
| e) | Date of the transaction | Date: 23.03.2026 Time zone: GMT | |||
| f) | Place of the transaction | London Stock Exchange | |||
| a) | Name | Deepak Raj | |||
| 2 | Reason for the notification | ||||
| a) | Position / status | PDMR (Provide job title) | PCA (Provide name of 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 | |||
| b) | LEI and classification | 549300QO4MBL43UHSN10 2.2 Inside information | |||
| a) | Description of the financial instrument Identification code | Ordinary shares of 10p each GB0004866223 | |||
| b) | Indicate nature of the transaction | Acquisition | Disposal | Subscription | Other |
| ii) Is the transaction linked to an exercise of a share award? | Yes | No | |||
| X | |||||
| iii) Was the transaction conducted pursuant to an investment programme or a trading plan? | Yes | No | If yes, provide date at which investment programme or trading plan was entered into: | ||
| X | |||||
| c) | Price(s) and volume(s) | Price(s) (Please state currency) | Volume(s) | ||
| Nil | 8,113 | ||||
| d) | Aggregated information | Aggregated price(s) (Please state currency) | Aggregated volume(s) | ||
| Not applicable - single transaction | Not applicable - single transaction | ||||
| e) | Date of the transaction | Date: 18.03.2026 Time zone: GMT | |||
| f) | Place of the transaction | Outside trading venue | |||
| a) | Name | Peter Wyton | |||
| 2 | Reason for the notification | ||||
| a) | Position / status | PDMR (Provide job title) | PCA (Provide name of 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 | |||
| b) | LEI and classification | 549300QO4MBL43UHSN10 2.2 Inside information | |||
| a) | Description of the financial instrument Identification code | Ordinary shares of 10p each GB0004866223 | |||
| b) | Indicate nature of the transaction | Acquisition | Disposal | Subscription | Other |
| ii) Is the transaction linked to an exercise of a share award? | Yes | No | |||
| X | |||||
| iii) Was the transaction conducted pursuant to an investment programme or a trading plan? | Yes | No | If yes, provide date at which investment programme or trading plan was entered into: | ||
| X | |||||
| c) | Price(s) and volume(s) | Price(s) (Please state currency) | Volume(s) | ||
| Nil | 43,220 | ||||
| d) | Aggregated information | Aggregated price(s) (Please state currency) | Aggregated volume(s) | ||
| Not applicable - single transaction | Not applicable - single transaction | ||||
| e) | Date of the transaction | Date: 18.03.2026 Time zone: GMT | |||
| f) | Place of the transaction | Outside trading venue | |||
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