Dillistone Group PLC Issue of Options (1119P)

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RNS Number : 1119P

Dillistone Group PLC

16 June 2022

Dillistone Group Plc

("Dillistone", the "Company" or the "Group")

Issue of Options

Dillistone Group Plc, the AIM quoted supplier of software and services to recruiters, announces the grant on 16 June 2022 of options over 570,000 Ordinary Shares of 5p each in Dillistone (the "Options") to certain of its Directors and other members of staff.

Options over 500,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to five Directors under the Company's LTIP scheme with an exercise price of 22.5p per share. Details of the grants to Directors are set out below. The remuneration committee has approved the grant of options and the thresholds which are challenging.

 
                   Status      LTIP option     No. Options held post    Current Shareholding 
                              grant at 22.5p   Grant including Savings       in Company 
                                                Related Share Options 
Jason Starr       Director       100,000              150,000                3,577,591 
Simon Warburton   Director       100,000              166,250                  77,290 
Paul Mather       Director       100,000              217,500*                 82,177 
Steve Hammond     Director       100,000              191,250                    0 
Ian Mackin        Director       100,000              131,250                    0 
Total                            500,000              856,250                3,737,058 
 

* Paul Mather's interest includes options over 51,250 shares granted to his spouse as an employee.

In addition, options over 70,000 Ordinary Shares with an exercise price of 22.5p per share were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.

Following this grant, the Company has 1,819,725 Ordinary Shares under option, representing 9.25% of the current issued share capital of the Company.

Commenting on the grant, Giles Fearnley, Non Executive Chairman at Dillistone said:

"This grant of options is to incentivise staff as the Group focuses on returning to profitability and continued growth in our Talentis product."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Contacts:

 
 Dillistone Group Plc                                             Via Walbrook PR 
 Jason Starr               Chief Executive 
 Ian Mackin                Interim Finance Director 
 
 WH Ireland Limited (Nominated adviser) 
 Chris Fielding            Head of Corporate Finance                020 7220 1650 
 
 Walbrook PR 
 Tom Cooper / Nick Rome                                             020 7933 8780 
                                                        [e-mail] 
 

Notes to Editors:

Dillistone Group Plc is a global leader in the supply of technology solutions and test & train services to the recruitment sector worldwide, in both contingency recruitment and executive search markets.

The Group trades through the Ikiru People brand ( www.IkiruPeople.com ), selling into recruitment, staffing and executive search businesses, as well as corporate talent acquisition teams around the world.

Ikiru People provides the platforms its clients need to test and train candidates, support further development, enhance the recruitment process, and source the best talent. Operating in more than 50 countries over six continents and working with thousands of users, the Group boasts more than 30 years in the market and 100's of years of collective experience.

The Group develops, markets and supports the Talentis, FileFinder, Infinity, Mid-Office, ISV and GatedTalent products.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.

Learn about our products:

   Talentis Software:                         https://www.talentis.global/recruitment-software 
   Voyager Software:                         https://www.voyagersoftware.com 
   GatedTalent Services:                  https://www.talentis.global/optimization-services 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                           1) Jason Starr 
                                                       2) Simon Warburton 
                                                       3) Paul Mather 
                                                       4) Steve Hammond 
                                                       5) Ian Mackin 
     -----------------------------------------  ----------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status:                                1) Chief Executive Officer 
                                                       2) Chief Technology Officer 
                                                       3) Chief Operating Officer 
                                                       4) Group Engineering Officer 
                                                       5) Interim Finance Director 
     -----------------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name:                                      Dillistone Group Plc 
     -----------------------------------------  ----------------------------------- 
 b)   LEI:                                       213800E9K3JGQ46ZS753 
     -----------------------------------------  ----------------------------------- 
 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,   Ordinary shares of 5 pence 
       type of instrument:                        each 
       Identification code: 
                                                  ISIN Code: GB00B13QQB40 
     -----------------------------------------  ----------------------------------- 
 b)   Nature of the transaction:                 Grant of Options over Ordinary 
                                                  Shares 
     -----------------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s):                     Price(s)   Volume(s) 
                                                        1)    100,000 
                                                         2)    100,000 
                                                         3)    100,000 
                                                         4)    100,000 
                                                         5)    100,000 
                                                             ---------- 
     -----------------------------------------  ----------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume: 
 
 
        *    Price: 
     -----------------------------------------  ----------------------------------- 
 e)   Date of the transaction:                   16 June 2022 
     -----------------------------------------  ----------------------------------- 
 f)   Place of the transaction:                  Outside a trading venue 
     -----------------------------------------  ----------------------------------- 
 

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June 16, 2022 03:00 ET (07:00 GMT)