Grant of Options under 2025 LTIP
26/06/2025 16:10
RNS Number : 6271O
Staffline Group PLC
26 June 2025
26 June 2025
Staffline Group plc
("Staffline", the "Company" or the "Group")
2025 Grant of Options under Long-Term Incentive Plan ("2025 LTIP")
Staffline, the recruitment group, announces that on 26 June 2025, under the terms of the Company's long term incentive plan 2021 (the "LTIP"), the Board has approved the award of and granted nil cost options (the "Options") over 3,197,156 ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain employees, including persons discharging managerial responsibilities ("PDMRs"), as set out below.
The Board believes it is key that the Group retains and incentivises Executive Directors and senior employees to drive the business forward, whilst aligning their interests with those of shareholders. The Group intends to continue to fully satisfy the exercise of the Options through purchases of Ordinary Shares by the Employee Benefit Trust in order to limit the level of dilution experienced by existing shareholders.
The vesting of the Options is subject to the Company achieving certain financial performance criteria for the financial year ending 31 December 2027. For the Executive Directors and relevant senior employees the 2025 Awards will vest subject to sliding scale Group EPS targets in respect of the year ending 31 December 2027 ("FY27").
The Options will vest from 26 June 2028 (the "Vesting Period") and will be exercisable until 26 June 2035.
The Options awarded to PDMRs are set out in the table below.
| Director/ PDMR | Position | Options granted |
| Albert Ellis | Chief Executive Officer | 1,026,995 |
| Daniel Quint | Chief Financial Officer | 840,269 |
| Martina McKenzie | MD Recruitment Ireland | 333,440 |
| Frank Atkinson | MD Recruitment GB | 333,440 |
| Staffline Group plc www.stafflinegroupplc.co.uk Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer | via Vigo Consulting |
| Panmure Liberum (Nominated Adviser and Broker) www.panmureliberum.com Nick How / Satbir Kler | 020 3100 2222 |
| Zeus (Joint Broker) https://zeuscapital.co.uk/ David Foreman (Investment Banking) Nick Searle (Sales) | 020 3829 5000 |
| Vigo Consulting (Financial PR) www.vigoconsulting.com Jeremy Garcia / Anna Sutton | 020 7390 0230 Staffline@vigoconsulting.com |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Albert Ellis | |
| 2 | Reason for the notification | ||
| a) | Position/status | 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 | Staffline Group plc | |
| b) | LEI | 213800BVLF1BCOJUH828 | |
| 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 Identification code | Ordinary Shares of 10 pence each ISIN: GB00B040L800 | |
| b) | Nature of the transaction | Grant of awards over Ordinary Shares under the Company's LTIP | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 1,026,995 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 26 June2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Daniel Quint | |
| 2 | Reason for the notification | ||
| a) | Position/status | 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 | Staffline Group plc | |
| b) | LEI | 213800BVLF1BCOJUH828 | |
| 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 Identification code | Ordinary Shares of 10 pence each ISIN: GB00B040L800 | |
| b) | Nature of the transaction | Grant of awards over Ordinary Shares under the Company's LTIP | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 840,269 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 26 June 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Martina McKenzie | |
| 2 | Reason for the notification | ||
| a) | Position/status | MD Recruitment Ireland | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Staffline Group plc | |
| b) | LEI | 213800BVLF1BCOJUH828 | |
| 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 Identification code | Ordinary Shares of 10 pence each ISIN: GB00B040L800 | |
| b) | Nature of the transaction | Grant of Options to purchase Ordinary Shares of 10 pence each under the Staffline Group | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 333,440 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 26 June 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Frank Atkinson | |
| 2 | Reason for the notification | ||
| a) | Position/status | MD Recruitment GB | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Staffline Group plc | |
| b) | LEI | 213800BVLF1BCOJUH828 | |
| 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 Identification code | Ordinary Shares of 10 pence each ISIN: GB00B040L800 | |
| b) | Nature of the transaction | Grant of awards over Ordinary Shares under the Company's LTIP | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 333,440 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 26 June 2025 | |
| f) | Place of the transaction | Outside a trading venue | |