Director/PDMR Shareholding
RNS Number : 6329D
Speedy Hire PLC
04 December 2009
 

SPEEDY HIRE PLC ("SPEEDY HIRE" OR THE "COMPANY")


DIRECTOR/PDMR SHAREHOLDINGS: Notification under DTR 3.1.4R (1) (a)


Speedy Hire announces the following changes to Directors/Persons Discharging Managerial Responsibility ("PDMR's") interests in the Company's ordinary 5p shares ("Shares").


Pursuant to invitations issued on 4 September 2009 to all eligible UK and Irish employees of Speedy Hire, options over an aggregate 5,024,311 Shares were granted on 5 October 2009 under the Company's UK and Irish SAYE Schemes (together, the "Schemes"). The Schemes are all employee schemes which give the opportunity for 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 of awards, options were granted to PDMR's as follows:


PDMR

Options granted under SAYE

Total Shares over which Options/Awards held




Michael McGrath

9,012

2,273,540

Justin Read

9,012

2,374,040

Claudio Veritiero

9,012

1,924,559

Patrick Rawnsley

9,012

926,465

David Harris

7,385

371,544

Ian Scapens

9,012

642,541

Martin Knott

9,012

457,599

David Graham

9,012

886,792

Paul Conway

9,012

568,386


In consideration of these options, the grantee will make monthly savings contributions during the associated three year savings contract. At the end of the three years a bonus of 0.3 times one month's saving will be given for the SAYE Scheme. The exercise price is £0.29 per Share.


These options will normally be exercisable during a 6 month period commencing on 1 November 2012.




Enquiries:

    

Speedy Hire Plc

Suzana Koncarevic, Group Company Secretary

Tel: 01942 720000    



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