SPEEDY HIRE PLC

Director's Dealing • Jul 5, 2013

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RNS Number : 7346I

Speedy Hire PLC

05 July 2013

Speedy Hire Plc (the "Company")

Notification of transactions by Persons Discharging Management Responsibilities

("PDMRs")

The Company announces the following transactions by a PDMR in the Company's ordinary 5p shares ("Shares"). 

Award Exercise and Associated Sale of Shares

An award granted in 2010 under the Company's 2004 Performance Share Plan ("PSP"), which vested on 24 June 2013, was exercised on 4 July 2013. The award was a right to acquire Shares for nil consideration, subject to the rules of the PSP and to performance targets (relative total shareholder return and a financial underpin). Details of the award exercised by David Graham, a Person Discharging Managerial Responsibilities ("PDMR"), are set out below.

The exercise of the award was satisfied by the transfer of the relevant number of Shares from the Company's Employee Benefits Trust.

Individuals who exercise awards under the PSP are required to discharge the corresponding tax liabilities. David Graham has sold sufficient Shares to cover the tax liabilities, along with selling a number of additional Shares for cash.  Of the remainder, 60,000 Shares have been kept by him and 40,000 transferred to his spouse.  Details of these dealings are as follows;

PDMR	Date of Exercise	Aggregate Number of Shares Acquired on Exercise of PSP Award	Date of Sale	Number of Shares Sold	Average Sale Price
David Graham	4 July 2013	285,468	4 July 2013	185,468	£0.617500

The above notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4. 

Enquiries:

James Blair

Group Company Secretary

Speedy Hire Plc

Telephone:  01942 720000

This information is provided by RNS

The company news service from the London Stock Exchange

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