HSS Hire Group PLC DBP and acquisition of Shares (1401X)

TIDMHSS

RNS Number : 1401X

HSS Hire Group PLC

29 April 2021

HSS Hire Group plc

Exercise of options under the DBP and acquisition of Shares

On 29 April 2021, the Executive Directors of HSS Hire Group plc (the "Company") exercised nil-cost options over ordinary shares in the Company ("Shares") which had been granted to them on 16 April 2019 under the Company's 2015 Deferred Bonus Plan (the "Plan"). In accordance with the rules of the Plan, the exercises were settled in cash. Each Executive Director used the after tax amount of his cash payment to acquire Shares.

 
 Name             Number of shares        Number of shares acquired 
                   subject to exercised 
                   nil-cost option 
 Steve Ashmore    203,708                 102,000 
                 ----------------------  -------------------------- 
 Paul Quested     147,007                 75,000 
                 ----------------------  -------------------------- 
 
 
      1.    *    Details of PDMR / person closely associated with them      ("PCA") 
 
 
      a)                                                          *    Steve Ashmore 
                   *    Name 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       2. 
                   *    Reason for the notification 
           -------------------------------------------------------------------------------------------------------------------------------------------------------- 
      a)                                                          *    Chief Executive Officer 
                   *    Position / status 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       b)                                                         *    Initial notification 
                   *    Initial notification / amendment 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       3.   *    Details of the issuer 
 
           -------------------------------------------------------------------------------------------------------------------------------------------------------- 
      a)                                                          *    HSS Hire Group plc 
                   *    Name 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       b)                                                         *    2138004DGL1J6VQO6S92 
                   *    LEI 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      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 in the capital of HSS Hire Group plc 
                  type of 
                       instrument 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      b)                                                          *    GB00BVFD4645 
                   *    Identification code 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       c) 
                   *    Nature of the transaction                        *    (1) Exercise of nil-cost option over ordinary shares 
                                                                              in the capital of HSS Hire Group plc, settled with a 
                                                                              cash payment. 
 
 
                                                                         *    (2) Acquisition of ordinary shares in the capital of 
                                                                              HSS Hire Group plc using the after tax amount of the 
                                                                              cash payment referred to in (1). 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       d) 
                   *    Price(s) and                                     *    (1) Exercise of nil cost option and cash settlement 
 
 
                   *    volume(s)                                              *    Number of Shares over which Nil-Cost Option exercised         *    Cash payment 
 
                                                                                *    203,708                                                      *    GBP44,591.68 
                                                                                                                                           ------------------------ 
 
                                                                         *    (2) Acquisition of shares 
 
 
                                                                                *    Number of Shares acquired          *    Per Share purchase price 
 
                                                                         *    GBP0.2189 
                                                                                *    102,000 
                                                                                                                ------------------------------------- 
 
                                                                        - 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       e)                                                         *    N/A 
                   *    Aggregated information 
 
 
                  - Volume 
                  - Price 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       f)                                                         *    29 April 2021 
                   *    Date of the transaction 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       g) 
                   *    Place of the transaction                         *    (1) Outside a trading venue 
 
 
                                                                         *    (2) London Stock Exchange, AIM 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
 
 
      1.    *    Details of PDMR / person closely associated with them      ("PCA") 
 
 
       a)                                                         *    Paul Quested 
                   *    Name 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      2. 
                   *    Reason for the notification 
           -------------------------------------------------------------------------------------------------------------------------------------------------------- 
      a)                                                          *    Chief Financial Officer 
                   *    Position / status 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       b)                                                         *    Initial notification 
                   *    Initial notification / amendment 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      3.    *    Details of the issuer 
 
           -------------------------------------------------------------------------------------------------------------------------------------------------------- 
      a)                                                          *    HSS Hire Group plc 
                   *    Name 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      b)                                                          *    2138004DGL1J6VQO6S92 
                   *    LEI 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      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 in the capital of HSS Hire Group plc 
                  type of 
                       instrument 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      b)                                                          *    GB00BVFD4645 
                   *    Identification code 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      c) 
                   *    Nature of the transaction                        *    (1) Exercise of nil-cost option over ordinary shares 
                                                                              in the capital of HSS Hire Group plc, settled with a 
                                                                              cash payment. 
 
 
                                                                         *    (2) Acquisition of ordinary shares in the capital of 
                                                                              HSS Hire Group plc using the after tax amount of the 
                                                                              cash payment referred to in (1). 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       d) 
                   *    Price(s) and                                     *    (1) Exercise of nil cost option and cash settlement 
 
 
                   *    volume(s)                                              *    Number of Shares over which Nil-Cost Option exercised         *    Cash payment 
 
                                                                                *    147,007                                                      *    GBP32,179.83 
                                                                                                                                           ------------------------ 
 
                                                                         *    (2) Acquisition of shares 
 
 
                                                                                *    Number of Shares acquired          *    Per Share purchase price 
 
                                                                         *    GBP0.2189 
                                                                                *    75,000 
                                                                                                                ------------------------------------- 
 
                                                                        - 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
       e)                                                         *    N/A 
                   *    Aggregated information 
 
 
                  - Volume 
                  - Price 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      f)                                                          *    29 April 2021 
                   *    Date of the transaction 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
      g) 
                   *    Place of the transaction                         *    (1) Outside a trading venue 
 
 
                                                                         *    (2) London Stock Exchange, AIM 
           ----------------------------------------------------  -------------------------------------------------------------------------------------------------- 
 

For further information, please contact:

 
 HSS Hire Group plc           Tel: [phone] 
 Investor Relations Manager   Please email: [e-mail] 
 
 
 
 Numis Securities             Tel: [phone] 
  Stuart Skinner 
  George Price 
 
 Teneo                        Tel: [phone] 
 Tom Davies 
 

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April 29, 2021 13:30 ET (17:30 GMT)