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

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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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