7th Jan 2008 08:48
Speedy Hire PLC07 January 2008 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 invitations issued on 11 December 2007 to all eligible UK and Irishemployees of Speedy Hire, options over an aggregate 473,074 Shares were grantedon 4 January 2008 under the Company's UK and Irish SAYE Schemes (together, the"Schemes"). The Schemes are all employee schemes which give 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 of awards, options were granted to PDMR, as follows: PDMR Options granted under Total Shares over which Options/ SAYE Awards held Steve Corcoran 1426 192,292Gary Parkinson 1426 8,956Patrick Rawnsley 1426 2,262 In consideration of these options, the grantee will make monthly savingscontributions during the associated three year savings contract. At the end ofthe three years a bonus of 2.4 times one month's saving will be given for theSAYE Scheme. The exercise price is £6.73 per Share. These options will normally be exercisable during a 6 month period commencing on1 February 2011. 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