TIDMKLR 
 
3 January 2017 
 
                 SECTION 430(2B) COMPANIES ACT 2006 STATEMENT 
 
Wolfgang Sondermann 
 
Further to the announcement made on 14 December 2016, the Company announces 
that Wolfgang Sondermann has stepped down as a Director of the Company with 
effect from 31 December 2016. 
 
In accordance with Section 430(2B) of the Companies Act 2006, the following 
arrangements will apply in respect of Wolfgang's remuneration which are in 
accordance with the Remuneration Policy approved by the Company's shareholders 
at its 2014 Annual General Meeting. 
 
 1. Wolfgang will remain an employee of Keller Holding GmbH until 30 April 2017 
    when he will retire. 
 
 2. Until 30 April 2017, he will continue to receive his contractual salary, 
    benefits in kind and pension contributions. Wolfgang will use all of his 
    outstanding leave before his employment contract terminates. 
 
 3. Following his retirement from Keller Holding GmbH, Wolfgang will serve in 
    an advisory capacity for two days per month representing Keller Holding 
    GmbH as Chairman of the Board of the German Geotechnical Society. He will 
    be paid EUR1,000 per day of service by Keller Holding GmbH. 
 
 4. Wolfgang will be treated as a "Good Leaver" under the Group's Performance 
    Share Plan ("PSP"). His 2014 and 20161 awards under the PSP will vest based 
    to the extent the applicable performance conditions have been achieved over 
    the full performance period and the proportion of the performance period 
    worked. 
 
 5. Any bonus payable for the 2016 performance year will be determined by the 
    Remuneration Committee following Company's results announcement in February 
    2017. 
 
 6. Other than the amounts disclosed above, Wolfgang will not be eligible for 
    any pay in lieu of notice or severance as a result of his retirement. 
 
    Details of the above payments will be disclosed in the Directors' 
    Remuneration Report for the year ending 31 December 2016. 
 
Venu Raju 
 
Also, further to the Company's announcement on 14 December 2016 regarding the 
appointment of Venu Raju as Executive Director (Engineering & Operations) with 
effect from 1 January 2017, Venu's remuneration is set out below.  Venu will 
continue to be based in Singapore during 2017 employed by his current employer, 
Keller Foundations (SE Asia) PTE Ltd, and is expected to relocate to Europe 
during 2018 at which point he will be employed by Keller Group plc. 
 
Base pay 
 
  * Salary: GBP280,000 per annum. 
 
  * Pension: 18% of salary per annum. While based in Singapore, Venu will 
    remain in the Central Provident Fund (CPF), which is the statutory 
    authority that administers Singapore's public pension system. 
 
  * Benefits: Venu will receive a car allowance of GBP12,000 per annum, private 
    health care, life assurance and long-term disability insurance. 
 
Performance related pay 
 
  * Annual Bonus: up to 150% of salary (max) 
 
  * Long term incentive plan: normal maximum annual awards of 75% of base 
    salary 
 
The remuneration package meets the criteria set out in the Company's approved 
2014 Remuneration Policy. 
 
For further information, please contact: 
 
Kerry Porritt 
 
Company Secretary 
 
Tel: 020 7616 7575 
 
Notes to Editors: 
 
Keller is the world's largest geotechnical contractor, providing technically 
advanced geotechnical solutions to the construction industry. With annual 
revenue of around GBP1.8bn, Keller has approximately 10,000 staff world-wide. 
 
Keller is the clear market leader in the US, Canada, Australia and South 
Africa; it has prime positions in most established European markets and a 
strong profile in many developing markets. 
 
1 As announced in the 2015 Directors Remuneration Report, the Committee 
approved an award of shares to Wolfgang under the PSP in 2016 in lieu of an 
award in 2015. An award was not made in 2015 due to his then announced 
retirement.  Wolfgang's retirement date was subsequently postponed to April 
2017 at the request of the Board and the Committee made an award in 2016 on the 
basis of an award received in 2015: the 2016 award was based on a lower number 
of shares with a performance period of 1 January 2015 to 31 December 2017 (the 
same as for other participants in the 2015-17 cycle). The award will vest three 
years from grant, i.e. not before 2019, and will be pro-rated over the period 
from the date of grant to the date of Wolfgang's retirement. 
 
 
 
END

(END) Dow Jones Newswires

January 03, 2017 02:00 ET (07:00 GMT)

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