HSS Hire Group PLC Director/PDMR Shareholding (1021L)
September 28 2016 - 8:52AM
UK Regulatory
TIDMHSS
RNS Number : 1021L
HSS Hire Group PLC
28 September 2016
28 September 2016
HSS Hire Group plc
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging
Managerial Responsibility and Connected Persons
On 28 September 2016, HSS Hire Group plc (the "Company") granted
an award to Paul Quested in the form of a nil-cost option over
263,376 ordinary shares in the Company in accordance with the
Company's 2015 Long Term Incentive Plan (the "Plan").
Subject to the rules of the Plan, the award will vest subject to
performance conditions based on Earnings Per Share and Return on
Capital Employed measured over the three year period ending with
the Company's 2018 financial year. To the extent it vests, the
award will, ordinarily, be released at the end of a further two
year holding period.
Paul Quested was also granted an award under the Plan in the
form of a tax qualifying option over 38,961 ordinary shares at an
exercise price of GBP0.77 per share. The tax-qualifying option is
subject to the same performance conditions as apply to the nil-cost
option and will vest and be released at the same time as the
nil-cost option. If a tax qualifying option is exercised at a gain,
the nil-cost option will be reduced by the same value to ensure
that the combined pre-tax value delivered is not increased by the
grant of the tax qualifying option.
ENQUIRIES
HSS Hire Group plc
Patrick Hartrey
Company Secretary 07969 078452
This information is provided by RNS
The company news service from the London Stock Exchange
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