REG - Speedy Hire PLC - Director/PDMR Shareholding

Speedy HireAnnouncement

19/09/2024 14:45

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RNS Number : 9243E  Speedy Hire PLC  19 September 2024

Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Managerial
Responsibilities

On 19 September 2024, awards ("PSP Awards") over ordinary shares of 5 pence
each in the share capital of the Company ("Shares") were granted under the
Company's 2024 Performance Share Plan ("PSP") to persons discharging
managerial responsibilities ("PDMRs") as detailed below.

 

The number of Shares referred to below in respect of the PSP Awards is the
maximum available if the performance conditions are met in full.

 

In the normal course of events, the PSP Awards will become exercisable
following the publication of the audited results for the financial year of the
Company ending on 31 March 2028, subject to continued service and the extent
to which the earnings per share ("EPS"), free cash flow ("FCF") and total
shareholder return ("TSR") related performance conditions have been satisfied.
Further details of the performance conditions are disclosed in the Company's
Annual Report and Accounts 2024.

 

Under the terms of the PSP Awards the Company's Remuneration Committee retains
discretion to reduce the level of vesting of the PSP Awards to have regard to
exceptional circumstances (this may include in the event that a windfall gain
is considered to have been received in respect of the PSP Awards).

 

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 these PSP Awards are
subject to a post vesting holding period (net of tax) operating to up to the
fifth anniversary of grant.

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                      Dan Evans
 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 2024
 c)  Price(s) and volume(s)                    Price(s)  Volume(s)
                                               Nil       5,386,289
 d)  Aggregated information
     -      Aggregated volume

     -      Price

N/A single transaction

 e)  Date of the transaction                   2024-09-19
 f)  Place of the transaction                  Outside a trading venue

d)

 Aggregated information
 -      Aggregated volume
 -      Price

 

N/A single transaction

e)

Date of the transaction

2024-09-19

f)

Place of the transaction

Outside a trading venue

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                      Paul Rayner
 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 2024
 c)  Price(s) and volume(s)                    Price(s)  Volume(s)
                                               Nil       3,810,664
 d)  Aggregated information
     -      Aggregated volume

     -      Price

N/A single transaction

 e)  Date of the transaction                   2024-09-19
 f)  Place of the transaction                  Outside a trading venue

d)

 Aggregated information
 -      Aggregated volume
 -      Price

 

N/A single transaction

e)

Date of the transaction

2024-09-19

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

Neil Hunt

Company Secretary

Speedy Hire Plc

Telephone:  01942 720000

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