REG - Staffline Group PLC - Grant of Options under Long-Term Incentive Plan
17/05/2022 07:00
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RNS Number : 6908L Staffline Group PLC 17 May 2022
17 May 2022
Staffline Group plc
("Staffline", the "Company" or the "Group")
Grant of Options under 2022 Long-Term Incentive Plan
Staffline, the recruitment and training group, announces that, under the terms
of the Company's 2022 long term incentive plan (the "2022 LTIP"), the Board
has approved the award of and granted nil cost options (the "Options") over
2,899,725 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 2024. 50% of the Options awarded are subject to achieving earnings
per share hurdles and 50% are subject to achieving underlying operating profit
hurdles. In addition, no Options will vest unless the average closing price
of the Ordinary Shares for the last 30 business days of 2024 is above a
minimum target. The Options will vest from 13 May 2025 (the "Vesting
Period") and will be exercisable until 13 May 2032.
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 711,806
Daniel Quint Chief Financial Officer 559,276
Martina McKenzie MD Recruitment Ireland 223,710
Frank Atkinson MD Recruitment GB 223,710
Kenny Boyle MD PeoplePlus 183,532
Following the grant, the total number of Options over Ordinary Shares under
the 2022 LTIP is 2,899,725 representing 1.74 per cent. of the Company's issued
share capital.
For further information, please contact:
Staffline Group plc via Vigo Consulting
www.stafflinegroupplc.co.uk (http://www.stafflinegroupplc.co.uk/)
Albert Ellis, Chief Executive Officer
Daniel Quint, Chief Financial Officer
Liberum (Nominated Adviser and Broker) 020 3100 2222
www.liberum.com (http://www.liberum.com/)
Richard Lindley / William Hall / Christopher Whitaker
Vigo Consulting (Financial PR) 020 7390 0230
www.vigoconsulting.com (http://www.vigoconsulting.com/) Staffline@vigoconsulting.com
Jeremy Garcia / Kate Kilgallen
About Staffline
Providing workforce solutions
Staffline is the UK's market leading Recruitment and Training group. It has
three divisions:
Recruitment GB
Staffline is a leading provider of flexible blue-collar workers, supplying
c.33,000 staff per day on average from around 420 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 and ten onsite
customer locations, supplying c.4,500 staff per day on average, and offering
RPO, MSP, temporary and permanent solutions across the island of Ireland
PeoplePlus Division
PeoplePlus is leading skills and employability business with a clear purpose
to help people transform their lives, get jobs and keep jobs, and develop
their careers. The division works with employers to develop workforces of the
future, and with central, local and devolved governments to support their
economic and social policy agendas
The Notification of Dealing Forms set out below are provided in accordance
with the requirements of the EU Market Abuse Regulation.
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 Ordinary Shares of 10 pence each
Identification code
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 711,806
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 13 May 2022
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 Ordinary Shares of 10 pence each
Identification code
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 559,276
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 13 May 2022
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 Ordinary Shares of 10 pence each
Identification code
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 223,710
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 13 May 2022
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 Ordinary Shares of 10 pence each
Identification code
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 223,710
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 13 May 2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Kenny Boyle
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 Ordinary Shares of 10 pence each
Identification code
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 183,532
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 13 May 2022
f) Place of the transaction Outside a trading venue
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