Director/PDMR Shareholding
Speedy Hire PLC
10 July 2006
Speedy Hire Plc ('Speedy Hire' or the 'Company')
Directors and Persons Discharging Managerial Resonsibility ('PDMR') - Interest
in Shares
Speedy Hire announces the following changes to Directors' and PDMR's interests
in the Company's ordinary 5p shares ('Shares').
Share Awards to Directors and PDMR
Further to the announcement on Wednesday 5 July 2006 of the purchase of Shares
by Directors and PDMR pursuant to the Speedy Hire 2004 Co-Investment Plan
('CIP'), awards of Matching Shares have been made on Thursday 6 July 2006 under
the CIP, and an equivalent award over Shares has been made to Michael A McGrath
under his 'Joining Award' (the 'Joining Award Shares'). Awards have also been
made under the Speedy Hire Performance Share Plan ('PSP'). The CIP and PSP
(together the 'Plans') were approved by shareholders at the AGM in July 2004.
The awards comprise rights to acquire Shares at nil cost, subject to the rules
of the Plans and to the applicable performance targets. The Joining Award is a
one-off award made to Michael A McGrath in connection with his appointment as a
director of the Company, as referred to in the Annual Report and Accounts. It
comprises a right to acquire Shares at nil cost and is subject to the same terms
of a Matching Share Award under the CIP.
CIP
Matching Share Awards
Matching Share Awards were made on Thursday 6 July 2006 under the CIP to
Directors and PDMR as follows:-
Name Matching Share Awards Total Matching Share
under CIP Awards Held under CIP
Steve J Corcoran 45,876 159,876
Neil C O'Brien 22,938 113,852
Alan Bultitude 1,146 1,770
Andrew Carter 6,880 9,043
Gary Cooper 1,719 3,040
John Cummings 5,734 7,816
Keith Ferguson 3,439 3,439
David Graham 9,174 11,776
William Kellie 4,471 8,218
Martin Knott 4,586 10,138
Simon Richards 10,322 16,568
Claudio Veritiero 4,586 9,582
Mark Whitworth 13,532 21,304
Joining Award
The Joining Award was made on Thursday 6 July 2006 to Michael A McGrath as
follows:-
Name Joining Share Awards Total Joining Award
Shares Held
Michael A McGrath 43,918 43,918
PSP
Awards were also made under the PSP to Directors as follows:-
Director Share Awards under PSP Total Awards Held under
PSP
Steve J Corcoran 33,646 121,764
Neil C O'Brien 22,992 86,336
Michael A McGrath 21,870 21,870
Awards under the PSP, Matching Share Awards under the CIP and the Joining Award
will normally be exercisable (to the extent performance targets are met) within
a 90 day period following the announcement of the Company's results for the year
ending 31 March 2009.
-ends-
Enquiries:
Speedy Hire Plc
Frank Dee, Chairman Remuneration Committee
Neil O'Brien, Group Finance Director
Tel: 01942 720 000
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