Speedy Hire PLC
03 August 2005
Speedy Hire PLC
3rd August 2005
Speedy Hire PLC (the 'Company')
Directors and Persons Discharging Managerial Responsibility ('PDMR')- Interest
in Shares
On 2nd August 2005, Sanne Trust Company Limited, the trustee of the Company's
Employee Benefits Trust ('EBT') subscribed for 498,383
ordinary shares of 5p each in the Company ('ordinary shares') at a price of 725p
per ordinary share (being the mid market price of the ordinary shares on 1st
August 2005).
As a result of this subscription the number of ordinary shares held by the EBT
has increased from 105,476 ordinary shares (0.25% of the Company's issued
ordinary share capital) to 603,859 ordinary shares (1.42% of the Company's
issued ordinary share capital). The shares are being subscribed by the EBT to
satisfy, in due course and, if appropriate, awards previously announced under
the Speedy Hire Performance Share Plan and the Speedy Hire Co-Investment Plan
('Plans'). The vesting of these awards is subject to satisfaction of the
performance conditions under the Plans.
As potential beneficiaries of the EBT, all Directors of the Company and PDMR are
treated as interested in transactions by the EBT.
Application has been made to the UK Listing Authority and the London Stock
Exchange for the admission of the 498,383 ordinary shares subscribed by the EBT.
These ordinary shares, which will rank pari passu in all respects with the
existing ordinary shares in issue, have been allotted to the EBT. Admission is
expected to become effective on 9th August 2005.
-ends-
Enquiries:
Speedy Hire PLC
Frank Dee, Chairman Remuneration Committee
Mike McGrath, Group Company Secretary
Tel: 01942 720 000
3rd August 2005
This information is provided by RNS
The company news service from the London Stock Exchange
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