Last checked at 27 Jun 2011 15:36
27 June 2011
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").
Awards under the Company's 2004 Performance Share Plan ("PSP")
On 24 June 2011, the following PDMRs were granted awards under the PSP in the form of options. The options are rights to acquire Shares for nil consideration, subject to the rules of the PSP and to the satisfaction of the applicable performance targets. No consideration was payable on the grant of an option.
Awards have been made to PDMRs as follows:
PDMR | Number of shares subject to the award granted under the PSP |
Steve Corcoran | 785,219 |
Mike McGrath | 508,083 |
Awards under the PSP will normally be exercisable (to the extent performance targets are met) within a 90-day period following 24 June 2014.
The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
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Enquiries:
Suzana Koncarevic
Company Secretary
Speedy Hire Plc
Telephone: 01942 720 000