Director/PDMR Shareholding
RNS Number : 2954T
Speedy Hire PLC
16 July 2015
 



Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Management Responsibilities ("PDMRs")

The Company announces the following transactions by a PDMR in the Company's ordinary 5p shares ("Shares").

 

Award Exercise and Associated Sale of Shares

 

An award granted in 2012 under the Company's 2004 Performance Share Plan ("PSP"), which vested on 20 June 2015, was exercised on 14 July 2015. The award was a right to acquire Shares for nil consideration, subject to the rules of the PSP and to performance targets (relative total shareholder return and a financial underpin). Details of the award exercised by James Blair, a Person Discharging Managerial Responsibilities ("PDMR"), are set out below.

 

The exercise of the award was satisfied by the transfer of the relevant number of Shares from the Company's Employee Benefits Trust.

 

Individuals who exercise awards under the PSP are required to discharge the corresponding tax liabilities. James Blair has sold sufficient Shares to cover the tax liabilities, along with selling a number of additional shares for cash. The remaining Shares have been kept by him. Details of these dealings are as follows:

 

Director/PDMR

Date of Exercise

Aggregate Number of Shares Acquired on Exercise of PSP Award

 

Date of Sale

Number of Shares Sold

Average Sale Price

James Blair

14 July 2015

299,841

15 July 2015

206,946

£0.52750

 

 

 

The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.

 

Enquiries:

 

Mia Cameron

 

Assistant Company Secretary

 

Speedy Hire Plc

 

Telephone: 01942 327206


This information is provided by RNS
The company news service from the London Stock Exchange
 
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