Speedy Hire PLC
07 January 2008
SPEEDY HIRE PLC ('SPEEDY HIRE' OR THE 'COMPANY')
Persons Discharging Managerial Responsibility ('PDMR') - Interest in Shares
Speedy Hire announces the following changes to PDMR's interests in the Company's
ordinary 5p shares ('Shares').
Pursuant to invitations issued on 11 December 2007 to all eligible UK and Irish
employees of Speedy Hire, options over an aggregate 473,074 Shares were granted
on 4 January 2008 under the Company's UK and Irish SAYE Schemes (together, the
'Schemes'). The Schemes are all employee schemes which give 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 of awards, options were granted to PDMR, as follows:
PDMR Options granted under Total Shares over which Options/
SAYE Awards held
Steve Corcoran 1426 192,292
Gary Parkinson 1426 8,956
Patrick Rawnsley 1426 2,262
In consideration of these options, the grantee will make monthly savings
contributions during the associated three year savings contract. At the end of
the three years a bonus of 2.4 times one month's saving will be given for the
SAYE Scheme. The exercise price is £6.73 per Share.
These options will normally be exercisable during a 6 month period commencing on
1 February 2011.
Enquiries:
Speedy Hire Plc
Frank Dee, Chairman Remuneration Committee
Tel: 01942 720 000
This information is provided by RNS
The company news service from the London Stock Exchange
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