5th Sep 2007 16:58
Speedy Hire PLC05 September 2007 5 September 2007 SPEEDY HIRE PLC ("SPEEDY HIRE" OR THE "COMPANY") Persons Discharging Managerial Responsibility ("PDMR") - Interest in Shares Speedy Hire announces the following changes to PDMR's interests in the Company'sordinary 5p shares ("Shares"). Pursuant to an invitation issued on 9 August 2007 to all UK employees of SpeedyHire, options over 175,934 new Shares were granted on 3 September 2007 under theCompany's SAYE Scheme. The SAYE Scheme is an all employee scheme which wasapproved by shareholders at the AGM in July 2004 which gives the opportunity toemployees to acquire Shares at a discount of 20% of the market value of theShares at the time the invitation is issued. Of the total number, options over 1,005 Shares were granted to a PDMR, PatrickRawnsley, Company Secretary (total number of Shares over which options/awardsheld: 1,841). In consideration of these options, the grantee will make monthlysavings during the associated three year savings contract. At the end of thethree years a bonus of 1.8 times one month's saving will be given. The exerciseprice is £9.40 per Share. These options will normally be exercisable during a six month period commencingon 1 October 2010. Enquiries: Speedy Hire Plc Frank Dee, Chairman Remuneration Committee Tel: 01942 720 000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Speedy Hire