Speedy Hire PLC
05 September 2007
5 September 2007
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 an invitation issued on 9 August 2007 to all UK employees of Speedy
Hire, options over 175,934 new Shares were granted on 3 September 2007 under the
Company's SAYE Scheme. The SAYE Scheme is an all employee scheme which was
approved by shareholders at the AGM in July 2004 which gives 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, options over 1,005 Shares were granted to a PDMR, Patrick
Rawnsley, Company Secretary (total number of Shares over which options/awards
held: 1,841). In consideration of these options, the grantee will make monthly
savings during the associated three year savings contract. At the end of the
three years a bonus of 1.8 times one month's saving will be given. The exercise
price is £9.40 per Share.
These options will normally be exercisable during a six month period commencing
on 1 October 2010.
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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