Director/PDMR Shareholding

RNS Number : 1691K

Speedy Hire PLC

30 December 2020

 

Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Managerial Responsibilities
("PDMR")

The Company announces the following transaction by a PDMR in the Company's ordinary 5p shares ("Shares"):

Pursuant to invitations issued on 25 November 2020 to all eligible UK employees, options over an aggregate of 2,605,222 Shares were granted on 30 December 2020 under the Company's UK SAYE Scheme (the "Scheme"). The Scheme is an all-employee scheme 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 was issued.

Options were granted to a PDMR, as follows:

PDMR	Position / status	Number of share options granted under the SAYE Scheme
Russell Down	Chief Executive	3,786

In consideration of these options, the grantee will make monthly savings during the associated three year savings contract. The exercise price is 55.144 pence per Share.

These options will normally be exercisable during a six month period commencing 1 February 2024.

The Notification of Dealing Form set out below is provided in accordance with the FCA disclosure requirements under the Market Abuse Regime:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Russell Down
2.	Reason for the notification
a)	Position / status	Chief Executive
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Speedy Hire Plc
b)	LEI	213800U78SIYAZDYXM61
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares of 5 pence each
	Identification code	GB0000163088
b)	Nature of the transaction	Grant of options under The Speedy Hire 2014 Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.55144  3,786
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2020-12-30
f)	Place of the transaction	Outside a trading venue

Enquiries:

Neil Hunt

Group Company Secretary

Speedy Hire Plc

Telephone: [phone]

 

END

 

 

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