Last checked at 16 Jul 2015 16:00
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").
Award Exercise and Associated Sale of Shares
An award granted in 2012 under the Company's 2004 Performance Share Plan ("PSP"), which vested on 20 June 2015, was exercised 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.
The exercise of the award was satisfied by the transfer of the relevant number of Shares from the Company's Employee Benefits Trust.
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:
Director/PDMR | Date of Exercise | Aggregate Number of Shares Acquired on Exercise of PSP Award
| Date of Sale | Number of Shares Sold | Average Sale Price |
James Blair | 14 July 2015 | 299,841 | 15 July 2015 | 206,946 | £0.52750
|
The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.
Enquiries:
Mia Cameron
Assistant Company Secretary
Speedy Hire Plc
Telephone: 01942 327206