REG-SThree SThree: DSH-Director/PDMR Shareholding*

SThreeAnnouncement

27/07/2022 15:15

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   SThree (STEM)
   SThree: DSH-Director/PDMR Shareholding*

   27-Jul-2022 / 15:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                                   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 a performance share award under
   the Long Term Incentive Plan (“LTIP”) was granted to Timo Lehne on 26
   July, for no consideration.

   As announced on 28 April 2022, Timo Lehne was appointed as permanent Chief
   Executive Officer, having been acting as interim Chief Executive Officer
   since 1 January 2022. Upon being appointed to the position of Chief
   Executive Officer permanently Timo Lehne’s base salary was increased to
   £483,900, set at a level commensurate with the base salary of the previous
   permanent Chief Executive Officer.

   This additional award represents 150% of the salary increase, pro-rated
   for the proportion of the financial year left to run after appointment as
   permanent Chief Executive Officer, as outlined below.

   PDMR       Position                Number of Shares awarded under the LTIP
   Timo Lehne Chief Executive Officer 18,945

    

   Performance targets and target ranges are the same as set out in the
   original grant, announced on 23 February 2022 and set out in the 2021
   Annual Report on Remuneration. The Carbon Reduction Target (representing
   3.3% of the overall performance targets) is currently being validated in
   accordance with the Science Based Targets initiative’s Net Zero Standard
   and is expected to be published later this year. Subject to the
   performance conditions being met the awards will vest three years after
   the date of grant.

   The Company can further confirm that Mr Lehne’s remuneration will be in
   accordance with the Company’s Remuneration Policy as approved by
   shareholders, with full details to be set out in the Remuneration Report.
   The key elements of his remuneration package are as follows;

    

     • an annual salary of £483,900, increased from £400,000
     • pension contribution of 5% of salary, in line with wider workforce in
       the UK

    

   For the 2022 financial year, Short Term Incentive (“STI”) bonus
   opportunities and LTIP awards would be determined and pro-rated by
   reference to salary levels and applicable limits in respect of position
   held within the year.

    

   The relevant notifications in respect of the award 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        Initial notification
   /Amendment
   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  Ordinary shares of 1p
   instrument
                                  GB00B0KM9T71
   Identification code
   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                 18,945
   d) Aggregated information       

   - Aggregated volume            18,945

   - Price                        £Nil
   e) Date of the transaction     26/07/2022
   f) Place of the transaction    Off market

    

    

    

   Enquiries:

   Bill Warner

   Deputy Company Secretary

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   ISIN:           GB00B0KM9T71
   Category Code:  DSH
   TIDM:           STEM
   LEI Code:       2138003NEBX5VRP3EX50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   177548
   EQS News ID:    1407273


    
   End of Announcement EQS News Service

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