22nd Dec 2006 10:33
Speedy Hire PLC22 December 2006 22 December 2006 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"). Mike McGrath, Simon Richards and Gary Parkinson, PDMR of the Company, haveyesterday been granted options (detailed below) to purchase Shares under theCompany's SAYE Scheme. The SAYE Scheme is an all employee scheme which wasapproved by shareholders at the AGM in July 2004. In consideration of these options, each PDMR will make monthly savings duringthe associated three year savings contract. At the end of the three years abonus of 1.8 times one month's saving will be given. The exercise price is £8.57per Share. These options will normally be exercisable during a six month period commencingon 1 February 2010. Following these grants, each of the PDMR will hold options/awards over Shares asshown below: PDMR Options granted Total Shares over under SAYE which Options/Awards HeldMike McGrath 1,102 67,700Simon Richards 220 18,376Gary Parkinson 1,102 1,102 -ends- Enquiries: Speedy Hire Plc Frank Dee, Chairman Remuneration Committee Mike McGrath, Commercial Director Tel: 01942 720 000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Speedy Hire