Speedy Hire PLC Director/PDMR Shareholding (0853S)
December 16 2016 - 5:20AM
UK Regulatory
TIDMSDY
RNS Number : 0853S
Speedy Hire PLC
16 December 2016
Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities
("PDMRs")
The Company announces the following transactions by PDMRs in the
Company's ordinary 5p shares ("Shares"):
Pursuant to invitations issued on 24 November 2016 to all
eligible UK employees of the Company, options over an aggregate of
2,590,291 Shares were granted on 16 December 2016 under the
Company's UK SAYE Scheme (the "Scheme"). The Scheme is an
all-employee scheme which gives the opportunity to employees to
acquire Shares at a discount of 20% of the market value of the
Shares at the time the invitation is issued.
Of the total number, options were granted to PDMRs, as
follows:
PDMR Position / status Number of share
options granted under the SAYE Scheme
Russell Down Chief Executive 9,653
Chris Morgan Group Finance Director 13,260
In consideration of these options, the grantees will make
monthly savings during the associated three year savings contract.
The exercise price is 33.936 pence per Share.
These options will normally be exercisable during a 6 month
period commencing 1 February 2020.
The following additional information is relevant to this
announcement for the purposes of the FCA disclosure requirements
under the Market Abuse Regime:
1. This announcement is an initial announcement.
2. The Company's identification code is GB0000163088.
3. The grant of the SAYE options occurred outside a trading venue.
- ends -
Enquiries:
James Blair
Group Company Secretary
Speedy Hire Plc
Telephone: 01942 720000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 16, 2016 06:20 ET (11:20 GMT)