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5 May 2022 10:00
HSS Hire Group plc (the "Company")
Director/PDMR Shareholding
Surrender of LTIP awards
On 4 May 2022, the Executive Directors and Person Discharging Managerial Responsibilities set out in the table below ("Executives") surrendered nil-cost options over ordinary shares in the Company ("Awards"). The Awards were granted in accordance with the Company's 2015 Long Term Incentive Plan on 4 June 2019 and were surrendered irrevocably in return for no consideration.
The value to which the Executives would have been entitled pursuant to the Awards will be provided through an Existing Schemes Award ("ESA") granted to the Executives on 25 February 2021. The ESA is summarised in the Directors' Remuneration Report 2021.
Name | Number of shares subject to the surrendered Award |
Steve Ashmore | 1,020,833 |
Paul Quested | 736,111 |
Tom Shorten | 736,111 |
The notification below, made pursuant to Article 19 of the Market Abuse Regulation, provides further information about these transactions.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Steve Ashmore | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | HSS Hire Group plc | ||||
b) | LEI code
| 2138004DGL1J6VQO6S92 | ||||
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, type of instrument Identification code | Ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
b) | Identification code | GB00BVFD4645 | ||||
c) | Nature of the transaction | Surrender of nil-cost options over ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
d) | Price(s) and volume(s)
|
| ||||
e) | Aggregated information- Aggregated volume- Price | N/A | ||||
f) | Date of the transaction | 4 May 2022
| ||||
g) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Quested | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | HSS Hire Group plc | ||||
b) | LEI code
| 2138004DGL1J6VQO6S92 | ||||
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, type of instrument Identification code | Ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
b) | Identification code | GB00BVFD4645 | ||||
c) | Nature of the transaction | Surrender of nil-cost options over ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
d) | Price(s) and volume(s)
|
| ||||
e) | Aggregated information- Aggregated volume- Price | N/A | ||||
f) | Date of the transaction | 4 May 2022
| ||||
g) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Tom Shorten | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Commercial Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | HSS Hire Group plc | ||||
b) | LEI code
| 2138004DGL1J6VQO6S92 | ||||
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, type of instrument Identification code | Ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
b) | Identification code | GB00BVFD4645 | ||||
c) | Nature of the transaction | Surrender of nil-cost options over ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
d) | Price(s) and volume(s)
|
| ||||
e) | Aggregated information- Aggregated volume- Price | N/A | ||||
f) | Date of the transaction | 4 May 2022
| ||||
g) | Place of the transaction | Outside a trading venue | ||||
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