Director/PDMR Shareholding
Speedy Hire PLC
15 July 2005
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, sale of shares by the Company's Employee Benefits Trust ('EBT')
and corresponding Share Purchases by Directors and PDMR
Awards were made yesterday under the Speedy Hire Performance Share Plan ('PSP')
and awards of Matching Shares have also been made under the Speedy Hire
Co-Investment Plan ('CIP'). These 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.
CIP
Sale and Purchase of Shares
In accordance with the rules of the CIP, the Directors and PDMR have purchased
Shares all at 724p per share as indicated below.
Directors
Name Previous Holding Shares Purchased Total Holding
Steve J Corcoran 89,643 (0.21%) 5,999 (0.01%) 95,642 (0.22%)
Andrew C Simpson 26,470 (0.06%) 10,049 (0.02%) 36,519 (0.08%)
Neil C O'Brien 77,600 (0.18%) 6,080 (0.01%) 83,680 (0.2%)
PDMR
Name Previous Holding Shares Purchased Total Holding
Alan Bultitude 145 - 364 - 509 -
Andrew Carter 20,773 (0.05%) 847 - 21,620 (0.05%)
John Cummings Nil - 815 - 815 -
Barry Gallihawk 17,928 (0.04%) 1,224 - 19,152 (0.04%)
David Graham Nil - 1,019 - 1,019 -
William Kellie 6,625 (0.02%) 1,459 - 8,084 (0.02%)
Martin Knott Nil - 1,621 - 1,621 -
Denis Martin 31,050 (0.07%) 2,026 - 33,076 (0.08%)
Simon Richards 54,022 (0.13%) 2,432 (0.01%) 56,454 (0.13%)
Claudio Veritiero Nil - 1,945 - 1,945 -
Colin Warbey Nil - 702 - 702 -
Mark Whitworth 24,000 (0.06%) 2,270 (0.01%) 26,270 (0.06%)
Of the Shares purchased, 29,834 Shares were sold by the EBT. As a result of this
sale, the number of Shares held by the EBT has reduced by 29,834 Shares (0.07%
of the Company's issued share capital) in total. The EBT now holds 105,476
Shares (0.25% of the Company's issued share capital). As potential beneficiaries
of the EBT, all Directors and PDMR of the Company are treated as interested in
transactions by the EBT.
Matching Share Awards (Directors and PDMR have been put into separate tables for
the earlier breakdown)
Matching Share Awards were made yesterday under the CIP to Directors and PDMR
follows:-
Name Matching Share Total Matching Shares
Awards under CIP Held under CIP
Steve J Corcoran 20,542 114,000
Andrew C Simpson 34,408 104,502
Neil C O'Brien 20,820 109,606
Alan Bultitude 624 624
Andrew Carter 2,163 2,163
John Cummings 2,082 2,082
Barry Gallihawk 3,123 3,123
David Graham 2,602 2,602
William Kellie 3,747 3,747
Martin Knott 5,552 5,552
Denis Martin 5,205 5,205
Simon Richards 6,246 6,246
Claudio Veritiero 4,996 4,996
Colin Warbey 1,197 1,197
Mark Whitworth 7,772 7,772
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 40,260 88,118
Andrew C Simpson 29,280 74,745
Neil C O'Brien 27,450 63,344
Both Awards under the PSP and Matching Share Awards under the CIP 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 2008.
-ends-
Enquiries:
Speedy Hire Plc
Frank Dee, Chairman Remuneration Committee
Neil O'Brien, Group Finance Director
Tel: 01942 720 000
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