15th Jul 2005 12:52
Speedy Hire PLC15 July 2005 Speedy Hire Plc ("Speedy Hire" or the "Company") Directors and Persons Discharging Managerial Resonsibility ("PDMR") - Interestin Shares. Speedy Hire announces the following changes to Directors' and PDMR's interestsin the Company's ordinary 5p shares ("Shares"). Share Awards, sale of shares by the Company's Employee Benefits Trust ("EBT")and corresponding Share Purchases by Directors and PDMR Awards were made yesterday under the Speedy Hire Performance Share Plan ("PSP")and awards of Matching Shares have also been made under the Speedy HireCo-Investment Plan ("CIP"). These Plans were approved by shareholders at the AGMin July 2004. The awards comprise rights to acquire Shares at nil cost, subjectto the rules of the Plans and to the applicable performance targets. CIP Sale and Purchase of Shares In accordance with the rules of the CIP, the Directors and PDMR have purchasedShares all at 724p per share as indicated below. Directors Name Previous Holding Shares Purchased Total HoldingSteve J Corcoran 89,643 (0.21%) 5,999 (0.01%) 95,642 (0.22%)Andrew C Simpson 26,470 (0.06%) 10,049 (0.02%) 36,519 (0.08%)Neil C O'Brien 77,600 (0.18%) 6,080 (0.01%) 83,680 (0.2%) PDMR Name Previous Holding Shares Purchased Total HoldingAlan Bultitude 145 - 364 - 509 -Andrew Carter 20,773 (0.05%) 847 - 21,620 (0.05%)John Cummings Nil - 815 - 815 -Barry Gallihawk 17,928 (0.04%) 1,224 - 19,152 (0.04%)David Graham Nil - 1,019 - 1,019 -William Kellie 6,625 (0.02%) 1,459 - 8,084 (0.02%)Martin Knott Nil - 1,621 - 1,621 -Denis Martin 31,050 (0.07%) 2,026 - 33,076 (0.08%)Simon Richards 54,022 (0.13%) 2,432 (0.01%) 56,454 (0.13%)Claudio Veritiero Nil - 1,945 - 1,945 -Colin Warbey Nil - 702 - 702 -Mark Whitworth 24,000 (0.06%) 2,270 (0.01%) 26,270 (0.06%) Of the Shares purchased, 29,834 Shares were sold by the EBT. As a result of thissale, the number of Shares held by the EBT has reduced by 29,834 Shares (0.07%of the Company's issued share capital) in total. The EBT now holds 105,476Shares (0.25% of the Company's issued share capital). As potential beneficiariesof the EBT, all Directors and PDMR of the Company are treated as interested intransactions by the EBT. Matching Share Awards (Directors and PDMR have been put into separate tables forthe earlier breakdown) Matching Share Awards were made yesterday under the CIP to Directors and PDMRfollows:- Name Matching Share Total Matching Shares Awards under CIP Held under CIP Steve J Corcoran 20,542 114,000 Andrew C Simpson 34,408 104,502 Neil C O'Brien 20,820 109,606 Alan Bultitude 624 624 Andrew Carter 2,163 2,163 John Cummings 2,082 2,082 Barry Gallihawk 3,123 3,123 David Graham 2,602 2,602 William Kellie 3,747 3,747 Martin Knott 5,552 5,552 Denis Martin 5,205 5,205 Simon Richards 6,246 6,246 Claudio Veritiero 4,996 4,996 Colin Warbey 1,197 1,197 Mark Whitworth 7,772 7,772 PSP Awards were also made under the PSP to Directors as follows:- Director Share Awards under PSP Total Awards Held under PSP Steve J Corcoran 40,260 88,118Andrew C Simpson 29,280 74,745Neil C O'Brien 27,450 63,344 Both Awards under the PSP and Matching Share Awards under the CIP will normallybe exercisable (to the extent performance targets are met) within a 90 dayperiod following the announcement of the Company's results for the year ending31 March 2008. -ends- Enquiries:Speedy Hire PlcFrank Dee, Chairman Remuneration CommitteeNeil O'Brien, Group Finance DirectorTel: 01942 720 000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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