Speedy Hire PLC Director/PDMR Shareholding
September 19 2024 - 9:42AM
RNS Regulatory News
RNS Number : 9243E
Speedy Hire PLC
19 September 2024
Speedy
Hire Plc (the "Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities
On 19 September 2024, awards ("PSP Awards") over ordinary shares of 5
pence each in the share capital of the Company ("Shares") were granted under the
Company's 2024 Performance Share Plan ("PSP") to persons discharging
managerial responsibilities ("PDMRs") as detailed below.
The number of Shares referred to below in
respect of the PSP Awards is the maximum available if the
performance conditions are met in full.
In the normal course of events, the PSP Awards
will become exercisable following the publication of the audited
results for the financial year of the Company ending on 31 March
2028, subject to continued service and the extent to which the
earnings per share ("EPS"),
free cash flow ("FCF") and
total shareholder return ("TSR") related performance conditions
have been satisfied. Further details of the performance conditions
are disclosed in the Company's Annual Report and Accounts
2024.
Under the terms of the PSP Awards the Company's
Remuneration Committee retains discretion to reduce the level of
vesting of the PSP Awards to have regard to exceptional
circumstances (this may include in the event that a windfall gain
is considered to have been received in respect of the PSP
Awards).
The PSP Awards were granted in the form of
nil-cost options and remain subject to the rules of the PSP at all
times including that these PSP Awards are subject to a post vesting
holding period (net of tax) operating to up to the fifth
anniversary of grant.
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Dan
Evans
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position /
status
|
Chief
Executive
|
|
b)
|
Initial
notification / amendment
|
Initial
notification
|
|
3.
|
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor
|
|
a)
|
Name
|
Speedy Hire
Plc
|
|
b)
|
LEI
|
213800U78SIYAZDYXM61
|
|
4.
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description
of the financial instrument
|
Ordinary
shares of 5 pence each
|
|
|
Identification code
|
GB0000163088
|
|
b)
|
Nature of
the transaction
|
Grant of
award under the Speedy Hire Plc Performance Share Plan
2024
|
|
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
5,386,289
|
|
|
d)
|
|
Aggregated
information
|
|
- Aggregated volume
|
|
- Price
|
|
N/A single
transaction
|
|
e)
|
Date of the
transaction
|
2024-09-19
|
|
f)
|
Place of
the transaction
|
Outside a
trading venue
|
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Paul
Rayner
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position /
status
|
Chief
Financial Officer
|
|
b)
|
Initial
notification / amendment
|
Initial
notification
|
|
3.
|
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor
|
|
a)
|
Name
|
Speedy Hire
Plc
|
|
b)
|
LEI
|
213800U78SIYAZDYXM61
|
|
4.
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description
of the financial instrument
|
Ordinary
shares of 5 pence each
|
|
|
Identification code
|
GB0000163088
|
|
b)
|
Nature of
the transaction
|
Grant of
award under the Speedy Hire Plc Performance Share Plan
2024
|
|
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
3,810,664
|
|
|
d)
|
|
Aggregated
information
|
|
- Aggregated volume
|
|
- Price
|
|
N/A single
transaction
|
|
e)
|
Date of the
transaction
|
2024-09-19
|
|
f)
|
Place of
the transaction
|
Outside a
trading venue
|
Enquiries:
Neil Hunt
Company
Secretary
Speedy Hire
Plc
Telephone: 01942
720000
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