Director/PDMR Shareholding

RNS Number : 6329D

Speedy Hire PLC

04 December 2009

 

SPEEDY HIRE PLC ("SPEEDY HIRE" OR THE "COMPANY")

DIRECTOR/PDMR SHAREHOLDINGS: Notification under DTR 3.1.4R (1) (a)

Speedy Hire announces the following changes to Directors/Persons Discharging Managerial Responsibility ("PDMR's") interests in the Company's ordinary 5p shares ("Shares").

Pursuant to invitations issued on 4 September 2009 to all eligible UK and Irish employees of Speedy Hire, options over an aggregate 5,024,311 Shares were granted on 5 October 2009 under the Company's UK and Irish SAYE Schemes (together, the "Schemes"). The Schemes are all employee schemes which give the opportunity for 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's as follows:

PDMR	Options granted under SAYE	Total Shares over which Options/Awards held
Michael McGrath	9,012	2,273,540
Justin Read	9,012	2,374,040
Claudio Veritiero	9,012	1,924,559
Patrick Rawnsley	9,012	926,465
David Harris	7,385	371,544
Ian Scapens	9,012	642,541
Martin Knott	9,012	457,599
David Graham	9,012	886,792
Paul Conway	9,012	568,386

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 0.3 times one month's saving will be given for the SAYE Scheme. The exercise price is £0.29 per Share.

These options will normally be exercisable during a 6 month period commencing on 1 November 2012.

Enquiries:

Speedy Hire Plc

Suzana Koncarevic, Group Company Secretary

Tel: [phone]    

 

END

 

 

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