3rd Aug 2005 16:07
Speedy Hire PLC03 August 2005 Speedy Hire PLC 3rd August 2005 Speedy Hire PLC (the 'Company') Directors and Persons Discharging Managerial Responsibility ('PDMR')- Interestin Shares On 2nd August 2005, Sanne Trust Company Limited, the trustee of the Company'sEmployee Benefits Trust ('EBT') subscribed for 498,383 ordinary shares of 5p each in the Company ('ordinary shares') at a price of 725pper ordinary share (being the mid market price of the ordinary shares on 1stAugust 2005). As a result of this subscription the number of ordinary shares held by the EBThas increased from 105,476 ordinary shares (0.25% of the Company's issuedordinary share capital) to 603,859 ordinary shares (1.42% of the Company'sissued ordinary share capital). The shares are being subscribed by the EBT tosatisfy, in due course and, if appropriate, awards previously announced underthe Speedy Hire Performance Share Plan and the Speedy Hire Co-Investment Plan('Plans'). The vesting of these awards is subject to satisfaction of theperformance conditions under the Plans. As potential beneficiaries of the EBT, all Directors of the Company and PDMR aretreated as interested in transactions by the EBT. Application has been made to the UK Listing Authority and the London StockExchange for the admission of the 498,383 ordinary shares subscribed by the EBT.These ordinary shares, which will rank pari passu in all respects with theexisting ordinary shares in issue, have been allotted to the EBT. Admission isexpected to become effective on 9th August 2005. -ends- Enquiries: Speedy Hire PLCFrank Dee, Chairman Remuneration CommitteeMike McGrath, Group Company SecretaryTel: 01942 720 000 3rd August 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Speedy Hire