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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hss Hire Group Plc | LSE:HSS | London | Ordinary Share | GB00BVFD4645 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 8.20 | 8.98 | 413,718 | 08:00:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Equip Rental & Leasing, Nec | 332.78M | 20.48M | 0.0290 | 2.93 | 59.92M |
TIDMHSS
RNS Number : 3942Q
HSS Hire Group PLC
25 February 2021
HSS Hire Group plc
Grant of incentive awards
On 25 February 2021, HSS Hire Group plc (the "Company") granted awards in accordance with the terms of its new Value Creation Plan (the "VCP") to certain Executives, as detailed below (the "Executives").
Under the VCP the Executives will share in total 20% of the increase in the value of the Company up to the time of a change of control (or other relevant event) (the "VCP Pool"). Each Executive will be entitled to one third of the VCP Pool. The VCP has been designed by the Company's Remuneration Committee in consultation with the Company's major shareholders.
The increase in the value of the Company will be calculated by reference to the increase in its market capitalisation from an opening value of GBP104,471,648 (based on a share price of GBP0.15) to the closing market capitalisation on an exit event. Appropriate adjustments shall be made in respect of any capital raised from or returned to shareholders over the period. Awards under the VCP will be settled in cash other than in certain circumstances where an award which vests early to a "good leaver" may be settled in shares.
The Executives will not participate in future Company share incentive schemes.
This announcement, including the notifications below, has been made in accordance with the requirements of the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Steve Ashmore --------------------------------- ----------------------------------- 2 Reason for the notification ---------------------------------------------------------------------- a) Position/status Chief Executive Officer --------------------------------- ----------------------------------- b) Initial notification/ Amendment Initial notification --------------------------------- ----------------------------------- 3 Details of the issuer ---------------------------------------------------------------------- a) Name HSS Hire Group plc --------------------------------- ----------------------------------- b) LEI code 2138004DGL1J6VQO6S92 --------------------------------- ----------------------------------- 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 A right under the HSS Hire VCP instrument, type of instrument to receive a payment by reference Identification code to the growth in value of HSS Hire Group plc --------------------------------- ----------------------------------- b) Identification code N/A --------------------------------- ----------------------------------- c) Nature of the transaction Grant of award --------------------------------- ----------------------------------- d) Price(s) and volume(s) Price Volume N/A N/A ------- --------------------------------- ----------------------------------- e) Aggregated information N/A - Aggregated volume - Price --------------------------------- ----------------------------------- f) Date of the transaction 25 February 2021 --------------------------------- ----------------------------------- g) Place of the transaction Outside a trading venue --------------------------------- ----------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Paul Quested --------------------------------- ----------------------------------- 2 Reason for the notification ---------------------------------------------------------------------- a) Position/status Chief Financial Officer --------------------------------- ----------------------------------- b) Initial notification/ Amendment Initial notification --------------------------------- ----------------------------------- 3 Details of the issuer ---------------------------------------------------------------------- a) Name HSS Hire Group plc --------------------------------- ----------------------------------- b) LEI code 2138004DGL1J6VQO6S92 --------------------------------- ----------------------------------- 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 A right under the HSS Hire VCP instrument, type of instrument to receive a payment by reference Identification code to the growth in value of HSS Hire Group plc --------------------------------- ----------------------------------- b) Identification code N/A --------------------------------- ----------------------------------- c) Nature of the transaction Grant of award --------------------------------- ----------------------------------- d) Price(s) and volume(s) Price Volume N/A N/A ------- --------------------------------- ----------------------------------- e) Aggregated information N/A - Aggregated volume - Price --------------------------------- ----------------------------------- f) Date of the transaction 25 February 2021 --------------------------------- ----------------------------------- g) Place of the transaction Outside a trading venue --------------------------------- ----------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Tom Shorten --------------------------------- ----------------------------------- 2 Reason for the notification ---------------------------------------------------------------------- a) Position/status Chief Commercial Officer --------------------------------- ----------------------------------- b) Initial notification/ Amendment Initial notification --------------------------------- ----------------------------------- 3 Details of the issuer ---------------------------------------------------------------------- a) Name HSS Hire Group plc --------------------------------- ----------------------------------- b) LEI code 2138004DGL1J6VQO6S92 --------------------------------- ----------------------------------- 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 A right under the HSS Hire VCP instrument, type of instrument to receive a payment by reference Identification code to the growth in value of HSS Hire Group plc --------------------------------- ----------------------------------- b) Identification code N/A --------------------------------- ----------------------------------- c) Nature of the transaction Grant of award --------------------------------- ----------------------------------- d) Price(s) and volume(s) Price Volume N/A N/A ------- --------------------------------- ----------------------------------- e) Aggregated information N/A - Aggregated volume - Price --------------------------------- ----------------------------------- f) Date of the transaction 25 February 2021 --------------------------------- ----------------------------------- g) Place of the transaction Outside a trading venue --------------------------------- -----------------------------------
For further information, please contact:
HSS Hire Group plc Tel: 020 3757 9248 Investor Relations Manager Please email: investors@hss.com Numis Securities Tel: 020 7260 1000 Stuart Skinner George Price Teneo Tel: 07785 528363 / 07557 491860 Matt Thomlinson Tom Davies, 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 rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
February 25, 2021 09:20 ET (14:20 GMT)
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