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9 Oct 2018 17:13
09 October 2018
HSS Hire Group plc
Director/PDMR Shareholding
Grant of Options under the LTIP
On 8 October 2018, 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 7 August 2018, to the persons set out below. These options are the "2018 Awards" referred to in the Circular dated 20 July 2018 relating to that General Meeting.
Name | Type of option* | Number of shares subject to option | Per share exercise price of the option (pence) |
Steve Ashmore | CSOP Option | 84,745 | 35.40 |
Option | 5,415,255 | 30.00 | |
Paul Quested | CSOP Option | 84,745 | 35.40 |
Option | 3,165,255 | 30.00 |
\* 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 be subject to a share price performance condition measured over a four year performance period (unless an election is made in accordance with the rules of the Plan for performance to be assessed early, as described in the Circular), will vest following the announcement by the Company of its results for its 2021 Financial Year and will, ordinarily, be released at the end of the holding period which will end following the announcement of the Company's results for its 2022 Financial Year, as described in the Circular dated 20 July 2018.
ENQUIRIES
HSS Hire Group plc | Investors@hss.com |
Steve Ashmore, Chief Executive Officer | |
Paul Quested, Chief Financial Officer | |
Jonathan Edwards, Investor Relations, Treasury and Special Projects 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 | 8 October 2018 | ||||
g) Place of the transaction | Outside a trading venue. | ||||
2. Details of the PDMR / person closely associated with him or her | |||||
c) Name | Paul Quested | ||||
4. Reason for the notification | |||||
a) Position/status | Chief Financial Officer | ||||
b) Initial notification / Amendment | Initial notification | ||||
5. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) Name | HSS Hire Group plc | ||||
b) LEI | 2138004DGL1J6VQO6S92 | ||||
5. 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 | 8 October 2018 | ||||
n) Place of the transaction | Outside a trading venue. | ||||
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