REG - SThree plc - Director/PDMR Shareholding

SThreeAnnouncement

07/03/2024 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240307:nRSG9885Fa&default-theme=true

RNS Number : 9885F  SThree plc  07 March 2024

SThree plc

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely associated with them

 

SThree plc (the "Company") announces that nil-cost performance share awards
under the Long Term Incentive Plan ("LTIP") were granted on 6 March 2024 to
the PDMRs detailed below:

 

 PDMR          Position                 Number of Shares awarded under the LTIP
 Timo Lehne    Chief Executive Officer  213,915
 Andrew Beach  Chief Financial Officer  155,992

 

The awards will vest three years after the grant date, subject to the below
performance conditions being met. The shares will be subject to a further
two-year post-vest holding period.

Performance targets and target ranges are set out as follows:

 LTIP targets    EPS                      TSR vs. peer group                  Operating Profit Conversion Ratio (OPCR)  ESG
 2024-2026       Between 50.0 pence       Between median (25%                 Adjusted operating                        Measuring carbon reduction across scope 1, 2 and 3 emissions.

                 (25% vesting) and 61.0   vesting) and Upper Quartile (100%   profit conversion ratio                   Incremental progress against 2030

                 pence (100% vesting).    vesting).                           between 18.5% (25%                        milestones

                                                                              vesting) and 22.0%                        1)    Scope 1 and 2 reduction: between threshold 40% (25% vesting) and 50%

                                         (100% vesting); and
                                                                              (100% vesting).

                                                                                                                        2)    Scope 3 reduction: between threshold 20% (25% vesting) and 25% (100%
                                                                                                                        vesting).
 LTIP weighting  50%                      20%                                 20%                                       10% (5% for each measure)

 

The relevant notifications are set out below.

 1. Details of the person discharging managerial responsibilities / person
 closely associated
 a) Names                                                        Timo Lehne
 2. Reason for the notification
 a) Position/status                                              Director and Chief Executive Officer
 b) Initial notification /Amendment                              Initial notification
 3. Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 a) Name                                                         SThree plc
 b) LEI                                                          2138003NEBX5VRP3EX50
 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, type of instrument  Ordinary shares of 1p

 Identification code                                             GB00B0KM9T71
 b) Nature of the transaction                                    A performance share award granted under the SThree plc Long Term Incentive

                                                               Plan

 c) Price(s) and volume(s)                                       Price                                   Volume(s)

                                                                 £Nil                                    213,915
 d) Aggregated information

 - Aggregated volume                                             213,915

 - Price                                                         £Nil
 e) Date of the transaction                                      06/03/2024
 f) Place of the transaction                                     Off market

 

 1. Details of the person discharging managerial responsibilities / person
 closely associated
 a) Names                                                        Andrew Beach
 2. Reason for the notification
 a) Position/status                                              Director and 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                                                         SThree plc
 b) LEI                                                          2138003NEBX5VRP3EX50
 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, type of instrument  Ordinary shares of 1p

 Identification code                                             GB00B0KM9T71
 b) Nature of the transaction                                    A performance share award granted under the SThree plc Long Term Incentive

                                                               Plan

 c) Price(s) and volume(s)                                       Price                                   Volume(s)

                                                                 £Nil                                    155,992
 d) Aggregated information

 - Aggregated volume                                             155,992

 - Price                                                         £Nil
 e) Date of the transaction                                      06/03/2024
 f) Place of the transaction                                     Off market

 

Enquiries:

Bill Warner

Deputy Company Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGCGDXCBGDGSR