Last checked at 27 Nov 2020 15:57
Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Managerial Responsibilities
On 27 November 2020 awards (the "PSP Awards") over ordinary shares of 5 pence each in the share capital of the Company ("Shares") were granted under the Company's 2014 Performance Share Plan ("PSP") to persons discharging managerial responsibilities as detailed below. The number of Shares referred to below is the maximum available if the performance conditions are met in full. The performance conditions will measure the Company's compound annual growth rate in total shareholder return over a three year measurement period that commenced on the grant of the PSP Awards. The performance conditions also contain an underpin condition under which the Company's Remuneration Committee retains discretion to reduce the level of vesting in response to exceptional circumstances.
The PSP Awards were granted in the form of nil-cost options and remain subject to the rules of the PSP at all times including that awards to executive directors are subject to a two-year post vesting holding period (net of tax).
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Russell Down | |||||
2. | Reason for the notification | ||||||
a) | Position / status | Chief Executive | |||||
b) | Initial notification / amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | Speedy Hire Plc | |||||
b) | LEI | 213800U78SIYAZDYXM61 | |||||
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 | Ordinary shares of 5 pence each | |||||
Identification code | GB0000163088 | ||||||
b) | Nature of the transaction | Grant of award under the Speedy Hire Plc Performance Share Plan 2014 | |||||
c) | Price(s) and volume(s) |
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d) |
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N/A single transaction | |||||
e) | Date of the transaction | 2020-11-27 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Bunn | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Financial Officer | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Speedy Hire Plc | ||||
b) | LEI | 213800U78SIYAZDYXM61 | ||||
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 | Ordinary shares of 5 pence each | ||||
Identification code | GB0000163088 | |||||
b) | Nature of the transaction | Grant of award under the Speedy Hire Plc Performance Share Plan 2014 | ||||
c) | Price(s) and volume(s) |
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d) |
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N/A single transaction | ||||
e) | Date of the transaction | 2020-11-27 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Neil Hunt
Company Secretary
Speedy Hire Plc
Telephone: 01942 720000