Speedy Hire PLC Director/PDMR Shareholding (9532X)

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RNS Number : 9532X

Speedy Hire PLC

25 November 2014

Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Management Responsibilities

("PDMRs")

The Company announces the following transactions by PDMRs in the Company's ordinary 5p shares ("Shares"):

2014 PSP Awards

On 24 November 2014, awards (the "PSP Awards") were made under the Company's 2014 Performance Share Plan ("PSP"). The PSP Awards are rights to acquire Shares for nil consideration, subject to the rules of the PSP and to the satisfaction of the applicable performance targets.

No consideration was payable on the grant of the PSP Awards.

In the normal course of events, the PSP Awards will become exercisable as from the third anniversary of the grant of the PSP Awards, subject to the awardholder's continued service and to the extent to which objective earnings per share and total shareholder return performance conditions (measured over a single period comprising three financial years of the Company) have been satisfied.

Once exercisable, the PSP Awards will ordinarily be exercisable until the eve of the 10(th) anniversary of the grant of the PSP Awards.

In the case of the PSP Award granted to Mark Rogerson, a term of his PSP Award includes that he will be required to retain the net of tax number of vested shares (if any) delivered under the PSP Award until 1 August 2019.

The PSP Awards that have been made to PDMRs in respect of the number of Shares set out below:

 
Name            Number of shares 
                 subject to PSP Award 
Mark Rogerson   567,879 
Adrian Murphy   248,447 
Tony Bennett    146,406 
Ian Scapens     127,661 
Tracey Atkin    124,223 
Ed Cowell       124,223 
Colin Naylor    118,543 
James Blair     100,305 
Mike Heafield   97,604 
Steve Giblin    97,604 
 

The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4(a).

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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

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