Speedy Hire PLC Director/PDMR Shareholding (9587Z)

TIDMSDY

RNS Number : 9587Z

Speedy Hire PLC

20 December 2017

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 2017 to all eligible UK employees of the Company, options over an aggregate of 2,577,984 Shares were granted on 20 December 2017 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          5,040 
Chris Morgan   Group Finance Director   7,073 
 

In consideration of these options, the grantees will make monthly savings during the associated three year savings contract. The exercise price is 44.28 pence per Share.

These options will normally be exercisable during a 6 month period commencing 1 February 2021.

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:

Neil Hunt

Group Company Secretary

Speedy Hire Plc

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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December 20, 2017 07:58 ET (12:58 GMT)