REG - Dillistone Group PLC - Issue of Options

DillistoneAnnouncement

11/02/2021 07:01

RNS Number : 6821O
  
Dillistone Group PLC
  
11 February 2021
  
 

 
Dillistone Group Plc
("Dillistone", the "Company" or the "Group")
Issue of Options
Dillistone Group Plc, the AIM quoted supplier of software and services to recruiters, announces the grant on 10 February 2021 of options over 500,000 Ordinary Shares of 5p each in Dillistone (the "Options") to certain of its Directors and other members of staff.
Options over 450,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to six Directors and other senior managers under the Company's LTIP scheme with an exercise price of 22p per share. Details of the grants to Directors are set out below.  The remuneration committee has approved the grant of options and the thresholds which are challenging.




 


Status


LTIP option grant at 22p


No. Options held post Grant including Savings Related Share Options


Current Shareholding in Company




Jason Starr


Director


50,000


70,000


3,577,591




Julie Pomeroy


Director


50,000


93,146


63,733




Alex James


Director


50,000


86,250


112,744




Simon Warburton


Director


50,000


150,646


77,290




Paul Mather


Director


50,000


206,292*


32,177




Steve Hammond


Director


50,000


136,250


0




Total


 


300,000


742,584


3,863,535




* Paul Mather's interest includes options over 58,146 shares granted to his spouse as an employee.
In addition, options over 50,000 Ordinary Shares with an exercise price of 22p per share were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.
Following this grant, the Company has 1,806,337 Ordinary Shares under option, representing 9.18% of the current issued share capital of the Company.
Commenting on the grant, Giles Fearnley, Non Executive Chairman at Dillistone said:
"This grant of options is to incentivise staff as the Group focuses on returning to profitability with its new products, the benefits of recent restructuring and as we emerge from the pandemic."
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
Enquiries:




Dillistone Group Plc


 


 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 / Nick Rome


 


020 7933 8780




 


 


dillistone@walbrookpr.com




 
Notes to Editors:
Dillistone Group Plc is a leader in the supply and support of software and services to recruiters. Dillistone operates through the Ikiru People brand.
The Group develops, markets and supports the Talentis, FileFinder, Infinity, Midoffice, ISV and GatedTalent products.
Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.  The Group employs around 90 people globally with offices in Basingstoke, Southampton, New Jersey and Sydney.
 
How Talentis can be used in Executive Search: https://www.talentis.global/recruitment-software/executive-search-software/
How Talentis is a transformational recruiting software: https://www.talentis.global/recruitment-software/next-generation-recruitment-software/

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