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5 Sep 2017 12:02
5 September 2017
HSS Hire Group plc
Director/PDMR Shareholding
Grant of Options under the LTIP
On 31 August 2017, HSS Hire Group plc (the "Company") granted options over ordinary shares in the Company in accordance with the Company's 2015 Long Term Incentive Plan (the "Plan"), as amended following approval at the General Meeting on 10 August 2017, to the persons set out below. These options are the "2017 Awards" referred to in the Circular dated 20 July 2017 relating to that General Meeting.
Name | Type of option* | Number of shares subject to option | Per share exercise price of the option (£) |
Steve Ashmore | CSOP Option | 55,555 | 0.54 |
Option | 2,849,708 | 0.57 | |
Paul Quested | CSOP Option | 55,555 | 0.54 |
Option | 1,404,094 | 0.57 |
*to the extent permitted by the relevant tax legislation, each participant has been granted part of his award as a tax qualifying CSOP Option.
Subject to the rules of the Plan, the options will vest subject to a performance condition based on adjusted Earnings Per Share measured over a four year performance period and will, ordinarily, be released at the end of a further one year holding period, as described in the Circular dated 20 July 2017.
For further information, please contact:
HSS Hire Group plc | Tel: 020 8260 3343 |
Robert Halls, Investor Relations Manager |
|
1. Details of the PDMR / person closely associated with him or her | |||||
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, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) Name | HSS Hire Group plc | ||||
b) LEI | 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 | Ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
b) Identification code | ISIN: GB00BVFD4645 | ||||
c) Nature of the transaction | Grant of options | ||||
d) Price(s) and volume(s) |
| ||||
e) Aggregated information: i. Aggregated volume ii. price | N/A | ||||
f) Date of the transaction | 31 August 2017 | ||||
g) Place of the transaction | Outside a trading venue | ||||
1. Details of the PDMR / person closely associated with him or her | |||||
c) Name | Paul Quested | ||||
2. Reason for the notification |
| ||||
d) Position/status | Chief Financial Officer | ||||
e) Initial notification / Amendment | Initial notification | ||||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
f) Name | HSS Hire Group plc | ||||
g) LEI | 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 | |||||
h) Description of the financial instrument, type of instrument | Ordinary shares of 1p each in the capital of HSS Hire Group plc | ||||
i) Identification code | ISIN: GB00BVFD4645 | ||||
j) Nature of the transaction | Grant of options | ||||
k) Price(s) and volume(s) |
| ||||
l) Aggregated information: i. Aggregated volume ii. price | N/A | ||||
m) Date of the transaction | 31 August 2017 | ||||
n) Place of the transaction | Outside a trading venue | ||||
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