REG - Speedy Hire PLC - Director/PDMR Shareholding

Speedy HireAnnouncement

27/11/2020 16:00

RNS Number : 8133G
  
Speedy Hire PLC
  
27 November 2020
  
 

Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities 



On 27 November 2020 awards (the "PSP Awards") over ordinary shares of 5 pence each in the share capital of the Company ("Shares") were granted under the Company's 2014 Performance Share Plan ("PSP") to persons discharging managerial responsibilities as detailed below. The number of Shares referred to below is the maximum available if the performance conditions are met in full. The performance conditions will measure the Company's compound annual growth rate in total shareholder return over a three year measurement period that commenced on the grant of the PSP Awards. The performance conditions also contain an underpin condition under which the Company's Remuneration Committee retains discretion to reduce the level of vesting in response to exceptional circumstances.
 
The PSP Awards were granted in the form of nil-cost options and remain subject to the rules of the PSP at all times including that awards to executive directors are subject to a two-year post vesting holding period (net of tax).
 
 



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 award under the Speedy Hire Plc Performance Share Plan 2014




c) 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


565,490










d)





Aggregated information




-      Aggregated volume




-      Price
 






 

N/A single transaction




e) 


Date of the transaction


2020-11-27




f)


Place of the transaction 


Outside a trading venue



 
 
 



1.


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


James Bunn




2.


Reason for the notification




a)


Position / status 


Chief Financial Officer




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 award under the Speedy Hire Plc Performance Share Plan 2014




c) 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


474,037
 








d)





Aggregated information




-      Aggregated volume




-      Price
 






 

N/A single transaction




e) 


Date of the transaction


2020-11-27




f)


Place of the transaction 


Outside a trading venue



 
Enquiries:
Neil Hunt
Company Secretary
Speedy Hire Plc
Telephone:  01942 720000

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