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STAF Staffline Group Plc

29.50
-0.25 (-0.84%)
Last Updated: 11:28:07
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Staffline Group Plc LSE:STAF London Ordinary Share GB00B040L800 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.84% 29.50 29.50 30.90 29.50 29.50 29.50 8,000 11:28:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 938.2M -11M -0.0664 -4.44 48.9M

Staffline Group PLC Grant of Options under 2017 Share Scheme (7604U)

27/10/2017 7:00am

UK Regulatory


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RNS Number : 7604U

Staffline Group PLC

27 October 2017

For immediate release 27 October 2017

STAFFLINE GROUP PLC

("Staffline" or "the Group")

Grant of Options under 2017 Share Scheme

Staffline, the Staffing and Employability organisation, announces the grant of options to employees as part of its Save As You Earn ("SAYE") share scheme for 2017. 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 GBP9.32, a 20% discount to the closing middle market price on the trading day before the invitation to participate was made. The options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 31 May 2021.

A total of 290 employees elected to participate, and, pursuant to these elections, a total of 148,276 options over Ordinary Shares were granted on 26 October 2017, equating to 0.53% of the current issued share capital of 27,849,389 shares. These shares will be issued to participants from the 2,220,400 Ordinary 10p Shares currently held by the Employee Benefit Trust, issued by the Group in accordance with Joint Share Ownership Plans ("JSOP") on 6 September 2010 and 4 July 2013.

Andy Hogarth, Chief Executive Officer, and Christopher Pullen, Chief Financial Officer, are participants in the Company's SAYE scheme and are included in the total figures above. Their individual option grant pursuant to this year's SAYE scheme is 1,931 shares and 1,931 shares respectively. As a result of these option grants, their interest in Staffline's Ordinary 10p Shares is as follows:

 
  Director     Ordinary     Ordinary      Ordinary       Ordinary       Total    % of issued 
                 Shares    Shares held      Shares         Shares      interest     share 
                  held     under JSOP    under option   under option               capital 
                                           in ESOP        in SAYE 
-------------  ---------  ------------  -------------  -------------  ---------  ----------- 
Andy Hogarth   1,513,629    350,000           -            1,931      1,865,560     6.70% 
-------------  ---------  ------------  -------------  -------------  ---------  ----------- 
 Christopher 
    Pullen      12,000         -           100,000         1,931       113,931      0.41% 
-------------  ---------  ------------  -------------  -------------  ---------  ----------- 
 

In addition, options totaling 19,721 shares were granted to the following 14 employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):

 
 Reference   Name           Role                          Division     Shares 
   number                                                               under 
                                                                       option 
                                                                       in SAYE 
----------  -------------  ---------------------------  -----------  --------- 
                            Director - Compliance 
     1       J Bladon        and Ethical Standards        Staffing     1,158 
----------  -------------  ---------------------------  -----------  --------- 
     2       P Collins      Company Secretary              Group       1,931 
----------  -------------  ---------------------------  -----------  --------- 
     3       J Davies       Divisional Director           Staffing     1,931 
----------  -------------  ---------------------------  -----------  --------- 
     4       T Elverstone   Head of HR                    Staffing      193 
----------  -------------  ---------------------------  -----------  --------- 
     5       L Garner       Group Sales Director          Staffing     1,931 
----------  -------------  ---------------------------  -----------  --------- 
     6       B Hansford     Managing Director (Wales)    PeoplePlus    1,000 
----------  -------------  ---------------------------  -----------  --------- 
     7       D Hughes       Divisional Director           Staffing      764 
----------  -------------  ---------------------------  -----------  --------- 
     8       M Keegan       Finance Director              Staffing      579 
----------  -------------  ---------------------------  -----------  --------- 
     9       R Lucas        Group Financial Accountant     Group       1,931 
----------  -------------  ---------------------------  -----------  --------- 
                            Director of Justice 
    10       K Rodger        and Strategy                PeoplePlus     579 
----------  -------------  ---------------------------  -----------  --------- 
    11       R Stockall     HR Director                  PeoplePlus    1,931 
----------  -------------  ---------------------------  -----------  --------- 
    12       N Watson       Financial Controller         PeoplePlus    1,931 
----------  -------------  ---------------------------  -----------  --------- 
    13       M Watts        Finance Director             PeoplePlus    1,931 
----------  -------------  ---------------------------  -----------  --------- 
    14       S Wistance     IT Director                   Staffing     1,931 
----------  -------------  ---------------------------  -----------  --------- 
 

Details of each transaction can be found in the Annex pages that follow.

 
 For further information, please contact: 
 Staffline Group plc 
 Andy Hogarth, Chief Executive Officer 07931 
  175775 
 Chris Pullen, Group Chief Financial Officer 
  07786 265344 
 www.staffline.co.uk 
 
 Liberum Capital Limited NOMAD and Joint Broker 
 Steve Pearce / Joshua Hughes 020 3100 2222 
 www.liberumcapital.com 
 
 Berenberg Joint Broker 
 Chris Bowman / Marie Stolberg 020 3465 2722 
 www.berenberg.com 
 
 Buchanan PR and Communications 
 Richard Oldworth / Jamie Hooper / Madeleine 
  Seacombe 020 7466 5000 
 www.buchanan.uk.com 
 

About Staffline

Staffline is a leading outsourcing organisation providing services, mainly in the UK and Eire, to both Government and commercial customers. The Staffing division supplies up to 51,000 workers per day to more than 1,500 clients. Using the skills we have developed and learned within Staffing we have developed a second division, PeoplePlus, and have become a leading provider to both Central and Local Government, offering a wide range of services to help and support in the Employability (Welfare to Work), Communities and Skills arenas.

Staffing Services

Specialising in providing complete labour solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors, the recruitment business operates from nearly 400 locations in the UK, Eire and Poland. The Staffing brands include:

-- Staffline OnSite, based on clients' premises and providing both blue and white collar, out-sourced, temporary workforces

   --     Driving Plus, providing HGV drivers to the driving industry 
   --     Staffline Agriculture, providing workers to the UK farming and horticulture sectors 
   --     Staffline Express, our high street branch based operation 

-- Brightwork, a recruitment business based in Scotland specialising in temporary and permanent jobs to the drinks industry as well as industrial recruitment

   --     Diamond Recruitment, the largest provider of recruitment services in Northern Ireland 

PeoplePlus

Trading under the PeoplePlus brand, Government contracts include:

-- Work Programme, prime contractor in nine regions and sub-contractor in three regions in England and Wales

-- New Enterprise Allowance (business start-up support), prime contractor in three regions of England and a sub-contractor in Wales

   --     Steps to Success, prime contractor in Northern Ireland 
   --     Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area 
   --     Youth Promise Plus, supporting youth employment in Birmingham 
   --     Youth Employment Gateway, supporting youth employment in the Wirral 
   --     Building Employment through Education, working in Schools in Northern Ireland 

Training services:

-- Prime contractor to the Education and Skills Funding Agency, Welsh Government as well as Skills Development Scotland,

-- Delivering Apprenticeships and Adult Education across the UK - funded by both the Skills Funding Agency and private commercial organisations.

Community services:

-- Ministry of Justice, Transforming Rehabilitation in Warwickshire and West Mercia, helping to transform rehabilitation and probation services

   --   OLASS, delivery of training to prisoners in nine prisons in the East of England 
   --   Independent Living Services, supporting 3,500 disabled people lead independent lives 
   --   Visitor Centres for the Northern Ireland Prison Service 
   --   Careers Hubs in Stoke and Staffordshire 

ANNEX

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

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                       ANDREW HOGARTH 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            CHIEF EXECUTIVE OFFICER 
---  -------------------------  ------------------------------ 
 b)   Initial                    INITIAL NOTIFICATION 
       notification/ 
       Amendment 
---  -------------------------  ------------------------------ 
 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                      ORDINARY SHARES OF 10P EACH 
       financial 
       instrument, 
       type of 
       instrument                  GB00B040L800 
 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature                     GRANT OF OPTIONS TO PURCHASE 
       of the                     ORDINARY SHARES OF 10P EACH 
       transaction                UNDER THE STAFFLINE SAVE AS 
                                  YOU EARN SCHEME 2017 
---  -------------------------  ------------------------------ 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)               ----------  ---------- 
                                    GBP9.32     1,931 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated 
       information                 NOT APPLICABLE 
 
        *    Aggregated volume 
 
 
 
        *    Price 
---  -------------------------  ------------------------------ 
 e)   Date of                    26 OCTOBER 2017 
       the transaction 
---  -------------------------  ------------------------------ 
 f)   Place                      OFF MARKET 
       of the 
       transaction 
---  -------------------------  ------------------------------ 
 

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                       CHRISTOPHER PULLEN 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            CHIEF FINANCIAL OFFICER 
---  -------------------------  ------------------------------ 
 b)   Initial                    INITIAL NOTIFICATION 
       notification/ 
       Amendment 
---  -------------------------  ------------------------------ 
 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                      ORDINARY SHARES OF 10P EACH 
       financial 
       instrument, 
       type of 
       instrument                  GB00B040L800 
 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature                     GRANT OF OPTIONS TO PURCHASE 
       of the                     ORDINARY SHARES OF 10P EACH 
       transaction                UNDER THE STAFFLINE SAVE AS 
                                  YOU EARN SCHEME 2017 
---  -------------------------  ------------------------------ 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)               ----------  ---------- 
                                    GBP9.32     1,931 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated 
       information                 NOT APPLICABLE 
 
        *    Aggregated volume 
 
 
 
        *    Price 
---  -------------------------  ------------------------------ 
 e)   Date of                    26 OCTOBER 2017 
       the transaction 
---  -------------------------  ------------------------------ 
 f)   Place                      OFF MARKET 
       of the 
       transaction 
---  -------------------------  ------------------------------ 
 

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                       1. JANE BLADON 
                                  2. PAUL COLLINS 
                                  3. JAMES DAVIES 
                                  4. TRACEY ELVERSTONE 
                                  5. LEE GARNER 
                                  6. BEN HANSFORD 
                                  7. DYLAN HUGHES 
                                  8. MARK KEEGAN 
                                  9. ROBERT LUCAS 
                                  10. KEVIN RODGER 
                                  11. RUTH STOCKALL 
                                  12. NEIL WATSON 
                                  13. MICHAEL WATTS 
                                  14. STUART WISTANCE 
---  -------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------- 
 a)   Position/status            1. DIRECTOR - COMPLIANCE AND ETHICAL 
                                  STANDARDS (STAFFING DIVISION) 
                                  2. COMPANY SECRETARY 
                                  3. DIVISIONAL DIRECTOR (STAFFING 
                                  DIVISION) 
                                  4. HEAD OF HR (STAFFING DIVISION) 
                                  5. GROUP SALES DIRECTOR (STAFFING 
                                  DIVISION) 
                                  6. MANAGING DIRECTOR WALES (PEOPLEPLUS 
                                  DIVISION) 
                                  7. ACCOUNT DIRECTOR (STAFFING 
                                  DIVISION) 
                                  8. FINANCE DIRECTOR (STAFFING 
                                  DIVISION) 
                                  9. GROUP FINANCIAL ACCOUNTANT 
                                  10. DIRECTOR OF JUSTICE AND STRATEGY 
                                  (PEOPLEPLUS DIVISION) 
                                  11. HR DIRECTOR (PEOPLEPLUS DIVISION) 
                                  12. FINANCIAL CONTROLLER (PEOPLEPLUS 
                                  DIVISION) 
                                  13. FINANCE DIRECTOR (PEOPLEPLUS 
                                  DIVISION) 
                                  14. IT DIRECTOR (STAFFING DIVISION) 
---  -------------------------  -------------------------------------------------------- 
 b)   Initial 
       notification/               INITIAL NOTIFICATION 
       Amendment 
---  -------------------------  -------------------------------------------------------- 
 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                      ORDINARY SHARES OF 10P EACH 
       financial 
       instrument, 
       type of 
       instrument                  GB00B040L800 
 
       Identification 
       code 
---  -------------------------  -------------------------------------------------------- 
 b)   Nature                     GRANT OF OPTIONS TO PURCHASE ORDINARY 
       of the                     SHARES OF 10P EACH UNDER THE STAFFLINE 
       transaction                SAVE AS YOU EARN SCHEME 2017 
---  -------------------------  -------------------------------------------------------- 
 c)   Price(s)                     PDMR reference       PDMR       Price(s)   Volume(s) 
       and volume(s)               ---------------  -------------  ---------  ---------- 
                                          1            J Bladon     GBP9.32      1,158 
                                   ---------------  -------------  ---------  ---------- 
                                          2           P Collins     GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          3            J Davies     GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          4          T Elverstone   GBP9.32       193 
                                   ---------------  -------------  ---------  ---------- 
                                          5            L Garner     GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          6           B Hansford    GBP9.32      1,000 
                                   ---------------  -------------  ---------  ---------- 
                                          7            D Hughes     GBP9.32       764 
                                   ---------------  -------------  ---------  ---------- 
                                          8            M Keegan     GBP9.32       579 
                                   ---------------  -------------  ---------  ---------- 
                                          9            R Lucas      GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          10           K Rodger     GBP9.32       579 
                                   ---------------  -------------  ---------  ---------- 
                                          11          R Stockall    GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          12           N Watson     GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          13           M Watts      GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
                                          14          S Wistance    GBP9.32      1,931 
                                   ---------------  -------------  ---------  ---------- 
---  -------------------------  -------------------------------------------------------- 
 d)   Aggregated 
       information                 NOT APPLICABLE 
 
        *    Aggregated volume 
 
 
 
        *    Price 
---  -------------------------  -------------------------------------------------------- 
 e)   Date of                    26 OCTOBER 2017 
       the transaction 
---  -------------------------  -------------------------------------------------------- 
 f)   Place                      OFF MARKET 
       of the 
       transaction 
---  -------------------------  -------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEASEKADPXFFF

(END) Dow Jones Newswires

October 27, 2017 02:00 ET (06:00 GMT)

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