Speedy Hire PLC Director/PDMR Shareholding (0853S)

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: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUNAARNKAUAAA

(END) Dow Jones Newswires

December 16, 2016 06:20 ET (11:20 GMT)