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Last checked at 
16 Jul 2015 16:00
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Speedy Hire Plc (the "Company")
Notification of transactions by Persons Discharging Management Responsibilities ("PDMRs")
The Company announces the following transactions by a PDMR in the Company's ordinary 5p shares ("Shares").
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Award Exercise and Associated SaleΒ of Shares
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An award grantedΒ in 2012Β underΒ the Company's 2004 Performance Share PlanΒ ("PSP"), which vested on 20 JuneΒ 2015,Β was exercisedΒ on 14 July 2015. The award was a right to acquire Shares for nil consideration, subject to the rules of the PSP and to performance targets (relative total shareholder return and a financial underpin). Details of the award exercised by James Blair, a Person Discharging Managerial Responsibilities ("PDMR"), are set out below.
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The exercise of the award was satisfied by the transfer of the relevant number of Shares from the Company's Employee Benefits Trust.
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Individuals who exercise awards under the PSP are required to discharge the corresponding tax liabilities. James Blair has sold sufficient Shares to cover the tax liabilities, along with selling a number of additional shares for cash. The remaining Shares have been kept by him. Details of these dealings are as follows:
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Director/PDMR | Date of Exercise | Aggregate Number ofΒ Shares Acquired on Exercise ofΒ PSP Award Β | Date of Sale | Number of Shares Sold | Average Sale Price |
James Blair | 14 July 2015 | 299,841 | 15 July 2015 | 206,946 | Β£0.52750 Β |
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The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
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Enquiries:
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Mia Cameron
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Assistant Company Secretary
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Speedy Hire Plc
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Telephone: 01942 327206
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