Director/PDMR Shareholding
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
 
 
DSHUNAARNKAUAAA