REG - Staffline Group PLC - Grant of Options under 2019 Share Scheme

StafflineAnnouncement

06/11/2019 13:25

RNS Number : 5159S
Staffline Group PLC
06 November 2019
 


6 November 2019
 
 
STAFFLINE GROUP PLC
("Staffline," the "Company" or the "Group")
 
Grant of Options under 2019 Share Scheme
 
Staffline, the recruitment and training organisation, announces the grant of options to employees as part of its Save As You Earn ("SAYE") share scheme for 2019. The scheme is open to all permanent employees who have completed at least six months continuous service, giving them the opportunity to participate in the future growth of the Group via share option arrangements.
 
Eligible employees were invited to subscribe for options over Staffline's ordinary shares of 10p each ("Ordinary Shares") with an exercise price of 76.664p, a 20% discount to the closing middle market price of 95.830p on the trading day before the invitation to participate was made. The options have a contract start date of 1 December 2019 and are exercisable between 1 December 2022 and 1 June 2023.
 
A total of 170 employees elected to participate, and, pursuant to these elections, a total of 1,336,094 options over Ordinary Shares were granted on 6 November 2019, equating to 1.94% of the current issued share capital of 68,930,486 shares. The vast majority of these shares are expected to be satisfied from the 1,140,400 Ordinary 10p Shares currently held by the Employee Benefit Trust, with the remainder required to be satisfied from the issue of new shares.
 
Options totalling 23,479 shares were granted to the following employee who is regarded as a Person Discharging Managerial Responsibilities ("PDMR"):
 




Reference number


Name


Role


Division


Shares under option in SAYE




1


M Watts


Chief Financial Officer


Staffline Group plc


23,479




 
 




For further information, please contact:


 




Staffline Group plc
www.stafflinegroupplc.co.uk
Chris Pullen, Chief Executive Officer
Michael Watts, Chief Financial Officer


via Vigo Communications




 


 




Liberum NOMAD and Joint Broker
www.liberum.com
Bidhi Bhoma / Joshua Hughes


020 3100 2222




 


 




Berenberg Joint Broker
www.berenberg.com
Chris Bowman / Toby Flaux


020 3207 7800
 




 


 




Vigo Communications Financial PR
www.vigocomms.com
Jeremy Garcia / Antonia Pollock / Charlie Neish


020 7390 0230
staffline@vigocomms.com
 




 
 
Note for Editors
 
 
About Staffline - Recruitment, Training and Support
 
Enabling the Future of Work™
Staffline is the UK's market leading Recruitment and Training group. It has two divisions:
 
Recruitment Division
 
Staffline is the UK's leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,600 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing. It operates from over c. 460 locations in the UK, Republic of Ireland and Poland. Its world leading Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.
 
 
PeoplePlus Division
 
Staffline is the leading adult skills and training provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.
 
Skills and Training - market leading provider of Apprenticeships (both Levy and non-Levy), learning and development, adult education and health and well-being programmes to the Private and Public sector.
 
Justice and Community - largest independent provider of education and training services for prisoners and ex-offenders, as well as individual support services for carers and people with disabilities, both at home and in the work place.
 
Employability - market leading provider of programmes providing back-to-work education, skills support services to the unemployed and enterprise advice to individuals wanting to start their own business.
 
 
 
 
 
 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them




1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


MICHAEL WATTS




2


Reason for the notification
 




a)


Position/status
 


GROUP 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 10P EACH
 
 
 
GB00B040L800




b)


Nature of the transaction
 


GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC 'SAVE AS YOU EARN' SCHEME 2019




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




£0.77


23,479




 




d)


Aggregated information
 
-        Aggregated volume
 
-      Price
 


 
NOT APPLICABLE - SINGLE TRANSACTION
 




e)


Date of the transaction
 


6 NOVEMBER 2019




f)


Place of the transaction
 


OFF MARKET




 
 
 




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