REG - Dillistone Group PLC - Issue of Options

DillistoneAnnouncement

04/07/2019 07:05

RNS Number : 4309E
Dillistone Group PLC
04 July 2019
 


 
Dillistone Group Plc
("Dillistone", the "Company" or the "Group")
Issue of Options
Dillistone Group Plc, the AIM quoted supplier of software to the recruitment industry, announces the grant on 3 July 2019 of options over 590,000 Ordinary Shares of 5p each in Dillistone (the "Options") to certain of its Directors, PDMRs and other members of staff.
Options over 415,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to three Directors, two PDMRs and other senior managers under the Company's LTIP scheme with an exercise price of 33p per share. Details of the grants to Directors and the PDMRs are set out below.  The non-executive Directors are satisfied that the performance conditions are suitably challenging, particularly for the higher level of pay-outs.
In addition, options over 175,000 Ordinary Shares were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.




 


Status


LTIP option grant at 33p


No. Options held post Grant including Savings Related Share Options


Current Shareholding in Company




Jason Starr


Director


20,000


20,000


3,577,591




Julie Pomeroy


Director


20,000


201,523


63,733




Alex James


Director


20,000


190,000


112,744




Simon Warburton


PDMR


40,000


184,023


77,290




Paul Mather


PDMR


75,000


223,419*


32,177




Total


 


175,000


818,965


3,863,535




* Paul Mather's interest includes options over 41,896 shares granted to his spouse as an employee, 35,000 of which were granted yesterday and were without performance conditions.
Following this grant, the Company has 2,090,543 Ordinary Shares under option, representing 10.63% of the current issued share capital of the Company.
Commenting on the grant, Mike Love, non-executive Chairman at Dillistone said:
"The focus of this grant of options is to incentivise the staff who are instrumental to both the current restructuring exercise and our growth plans going forward.  As noted at our AGM last week, this process is proceeding well and in line with previously stated expectations."
 
Enquiries:




Dillistone Group Plc


 


 




Mike Love


Chairman


Via Walbrook PR




Jason Starr


Chief Executive


 




Julie Pomeroy


Finance Director


 




 


 


 




WH Ireland Limited (Nominated adviser)


 


 




Chris Fielding


Managing Director - Corporate Finance


020 7220 1650




 


 


 




Walbrook PR


 


 




Tom Cooper /
Paul Vann


 


020 7933 8780




 


 


0797 122 1972




 


 


tom.cooper@walbrookpr.com



 
 
 
 
 



 
Notes to Editors:
Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has five brands operating through three divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); Voyager Software, which targets other recruitment markets (www.voyagersoftware.com); and GatedTalent, the next generation executive recruitment platform (www.GatedTalent.com).
Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014.  The Group operates under the FileFinder, Infinity, Evolve, ISV and GatedTalent brands.
Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.  The Group employs over 100 people globally with offices in London, Basingstoke, Southampton, Frankfurt, New Jersey and Sydney.
 
 




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