Speedy Hire PLC - Director/PDMR Shareholding
RNS Number : 1691K
Speedy Hire PLC
30 December 2020
 

 

Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Managerial Responsibilities
("PDMR")

 

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

 

Pursuant to invitations issued on 25 November 2020 to all eligible UK employees, options over an aggregate of 2,605,222 Shares were granted on 30 December 2020 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 was issued.

 

Options were granted to a PDMR, as follows:

 

 

PDMR

Position / status

Number of share
options granted under the SAYE Scheme

Russell Down

Chief Executive

3,786

 

 

In consideration of these options, the grantee will make monthly savings during the associated three year savings contract. The exercise price is 55.144 pence per Share.

These options will normally be exercisable during a six month period commencing 1 February 2024.

The Notification of Dealing Form set out below is provided in accordance with the FCA disclosure requirements under the Market Abuse Regime:

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Russell Down

2.

Reason for the notification

a)

Position / status

Chief Executive

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Speedy Hire Plc

b)

LEI

213800U78SIYAZDYXM61

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 5 pence each


Identification code

GB0000163088

b)

Nature of the transaction

Grant of options under The Speedy Hire 2014 Sharesave Scheme 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.55144 

3,786

d)

Aggregated information

-      Aggregated volume

-      Price

N/A

 

 

e)

Date of the transaction

2020-12-30

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

Neil Hunt

Group Company Secretary

Speedy Hire Plc

Telephone: 01942 720000

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHURSURRUUUOAA