Last checked at 24 Dec 2012 07:00
Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Management Responsibilities ("PDMRs")
The Company announces the following transactions by PDMRs in the Company's ordinary 5p shares ("Shares").
Pursuant to invitations issued on 26 November 2012 to all eligible UK and Irish employees of the Company, options over an aggregate 2,475,619 Shares were granted on 20 December 2012 under the Company's UK and Irish SAYE Schemes (together, the "Schemes"). The Schemes are all-employee schemes which give the opportunity to employees to acquire Shares at a discount of 20% of the market value of the Shares at the time the invitation is issued.
Of the total number, options were granted to PDMRs, as follows:
PDMR | Options granted under the SAYE Schemes |
Steven James Corcoran | 4,764 |
Michael Andrew McGrath | 7,411 |
Lynette Gillian Krige | 14,294 |
James Edward Blair | 14,294 |
In consideration of these options, the grantee will make monthly savings during the associated three year savings contract. The exercise price is 27.2 pence per Share.
These options will normally be exercisable during a 6 month period commencing on 1 February 2016.
The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
Enquiries:
James Blair
Group Company Secretary
Speedy Hire Plc
Telephone: 01942 720000