REG - Staffline Group PLC - Grant of Options under Long-Term Incentive Plan

StafflineAnnouncement

05/07/2021 07:05

RNS Number : 0767E
  
Staffline Group PLC
  
05 July 2021
  
 

5 July 2021
Staffline Group plc
("Staffline", the "Company" or the "Group") 
Grant of Options under 2021 Long-Term Incentive Plan
Staffline, the recruitment and training group, announces that, under the terms of the Company's 2021 long term incentive plan (the "2021 LTIP"), the Board has approved the award of and granted nil cost options (the "Options") over 1,678,279 ordinary shares of ten pence each in the Company ("Ordinary Shares") to certain employees, including persons discharging managerial responsibilities ("PDMRs"), as set out below.
The vesting of the Options is subject to the satisfaction of the Company achieving certain financial performance criteria for the financial year ending 31 December 2023.  50% of the Options awarded are subject to achieving earnings per share hurdles and 50% are subject to achieving EBITDA hurdles.  In addition, no Options will vest unless the average closing price of the Ordinary Shares for the last 30 business days of 2023 is above a minimum target.  The Options will vest from 30 June 2024 (the "Vesting Period") and will be exercisable until 30 June 2031. 
The Board believes it is key that the Group incentivises executive directors and senior managers to drive the business forward, whilst aligning their interests with those of shareholders. The Options awarded to PDMRs are set out in the table below:



Director/ PDMR


Position


Options granted




Albert Ellis


Chief Executive Officer


573,770




Daniel Quint


Chief Financial Officer


450,820




Martina McKenzie


MD - Recruitment Ireland


180,328




Simon Rouse


MD - PeoplePlus


180,328




Frank Atkinson


MD - Recruitment GB


180,328



 
Following the grant of the Options, the total number of Ordinary Shares outstanding under the 2021 LTIP is 1,678,279, representing 1.0 per cent. of the Company's issued share capital.
Enquiries:



Staffline Group plc
www.stafflinegroupplc.co.uk
Albert Ellis, Chief Executive Officer
Daniel Quint, Chief Financial Officer


via Vigo Consulting














Liberum (Nominated Adviser and Broker)
www.liberum.com
Richard Lindley / William Hall / Christopher Whitaker


020 3100 2222














Vigo Consulting (Financial PR)
www.vigocomms.com
Jeremy Garcia / Antonia Pollock


020 7390 0230
Staffline@vigoconsulting.com
 



 
 
 
About Staffline - Recruitment, Training and Support 
 
Enabling the Future of Work™
 
Staffline is the UK's market leading Recruitment and Training group. It has three divisions:
 
Recruitment GB
Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.
 
Recruitment Ireland 
The recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.
 
PeoplePlus Division
Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.
 
 
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of Options.
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them



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 consideration
 
 


573,770




d)


Aggregated information
 
 - Aggregated volume
 
 - Price
 


 
 
N/A




e)
 


Date of the transaction
 


30 June 2021
 




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 consideration
 
 


450,820




d)


Aggregated information
 
 - Aggregated volume
 
 - Price
 


 
 
N/A




e)
 


Date of the transaction
 


30 June 2021
 




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 consideration
 
 


180,328




d)


Aggregated information
 
 - Aggregated volume
 
 - Price
 


 
 
N/A




e)
 


Date of the transaction
 


30 June 2021
 




f)
 


Place of the transaction
 


Outside a trading venue
 



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Simon Rouse




2


Reason for the notification




a)


Position/status
 


MD - PeoplePlus




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 consideration
 
 


180,328




d)


Aggregated information
 
 - Aggregated volume
 
 - Price
 


 
 
N/A




e)
 


Date of the transaction
 


30 June 2021
 




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 consideration
 
 


180,328




d)


Aggregated information
 
 - Aggregated volume
 
 - Price
 


 
 
N/A




e)
 


Date of the transaction
 


30 June 2021
 




f)
 


Place of the transaction
 


Outside a trading venue
 



 
 
 
 

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