Speedy Hire PLC Director/PDMR Shareholding (2954T)
July 16 2015 - 11:00AM
UK Regulatory
TIDMSDY
RNS Number : 2954T
Speedy Hire PLC
16 July 2015
Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Management
Responsibilities ("PDMRs")
The Company announces the following transactions by a PDMR in
the Company's ordinary 5p shares ("Shares").
Award Exercise and Associated Sale of Shares
An award granted in 2012 under the Company's 2004 Performance
Share Plan ("PSP"), which vested on 20 June 2015, was exercised on
14 July 2015. The award was a right to acquire Shares for nil
consideration, subject to the rules of the PSP and to performance
targets (relative total shareholder return and a financial
underpin). Details of the award exercised by James Blair, a Person
Discharging Managerial Responsibilities ("PDMR"), are set out
below.
The exercise of the award was satisfied by the transfer of the
relevant number of Shares from the Company's Employee Benefits
Trust.
Individuals who exercise awards under the PSP are required to
discharge the corresponding tax liabilities. James Blair has sold
sufficient Shares to cover the tax liabilities, along with selling
a number of additional shares for cash. The remaining Shares have
been kept by him. Details of these dealings are as follows:
Director/PDMR Date of Exercise Aggregate Number of Date of Sale Number of Shares Sold Average Sale Price
Shares Acquired on
Exercise of PSP
Award
James Blair 14 July 2015 299,841 15 July 2015 206,946 GBP0.52750
------------------ --------------------- ------------- ---------------------- -------------------
The above notification is intended to satisfy the Company's
obligations under Disclosure and Transparency Rule 3.1.4.
Enquiries:
Mia Cameron
Assistant Company Secretary
Speedy Hire Plc
Telephone: 01942 327206
This information is provided by RNS
The company news service from the London Stock Exchange
END
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