10th Jul 2006 15:53
Speedy Hire PLC10 July 2006 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 to Directors and PDMR Further to the announcement on Wednesday 5 July 2006 of the purchase of Sharesby Directors and PDMR pursuant to the Speedy Hire 2004 Co-Investment Plan("CIP"), awards of Matching Shares have been made on Thursday 6 July 2006 underthe CIP, and an equivalent award over Shares has been made to Michael A McGrathunder his "Joining Award" (the "Joining Award Shares"). Awards have also beenmade under the Speedy Hire Performance Share Plan ("PSP"). The CIP and PSP(together the "Plans") were approved by shareholders at the AGM in July 2004. The awards comprise rights to acquire Shares at nil cost, subject to the rulesof the Plans and to the applicable performance targets. The Joining Award is aone-off award made to Michael A McGrath in connection with his appointment as adirector of the Company, as referred to in the Annual Report and Accounts. Itcomprises a right to acquire Shares at nil cost and is subject to the same termsof a Matching Share Award under the CIP. CIP Matching Share Awards Matching Share Awards were made on Thursday 6 July 2006 under the CIP toDirectors and PDMR as follows:- Name Matching Share Awards Total Matching Share under CIP Awards Held under CIP Steve J Corcoran 45,876 159,876 Neil C O'Brien 22,938 113,852 Alan Bultitude 1,146 1,770 Andrew Carter 6,880 9,043 Gary Cooper 1,719 3,040 John Cummings 5,734 7,816 Keith Ferguson 3,439 3,439 David Graham 9,174 11,776 William Kellie 4,471 8,218 Martin Knott 4,586 10,138 Simon Richards 10,322 16,568 Claudio Veritiero 4,586 9,582 Mark Whitworth 13,532 21,304 Joining Award The Joining Award was made on Thursday 6 July 2006 to Michael A McGrath asfollows:- Name Joining Share Awards Total Joining Award Shares Held Michael A McGrath 43,918 43,918 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 33,646 121,764Neil C O'Brien 22,992 86,336Michael A McGrath 21,870 21,870 Awards under the PSP, Matching Share Awards under the CIP and the Joining Awardwill normally be exercisable (to the extent performance targets are met) withina 90 day period following the announcement of the Company's results for the yearending 31 March 2009. -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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