Share Name Share Symbol Market Type Share ISIN Share Description
Dillistone Group Plc LSE:DSG London Ordinary Share GB00B13QQB40 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 32.50 30.00 35.00 32.50 32.50 32.50 0.00 08:00:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 8.7 -0.5 -1.3 - 6

Dillistone Group PLC Issue of Options

04/07/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 4309E

Dillistone Group PLC

04 July 2019

Dillistone Group Plc

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

Issue of Options

Dillistone Group Plc, the AIM quoted supplier of software to the recruitment industry, announces the grant on 3 July 2019 of options over 590,000 Ordinary Shares of 5p each in Dillistone (the "Options") to certain of its Directors, PDMRs and other members of staff.

Options over 415,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to three Directors, two PDMRs and other senior managers under the Company's LTIP scheme with an exercise price of 33p per share. Details of the grants to Directors and the PDMRs are set out below. The non-executive Directors are satisfied that the performance conditions are suitably challenging, particularly for the higher level of pay-outs.

In addition, options over 175,000 Ordinary Shares were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.

 
                     Status     LTIP option      No. Options       Current Shareholding 
                                  grant at      held post Grant         in Company 
                                    33p        including Savings 
                                                 Related Share 
                                                    Options 
 Jason Starr        Director      20,000            20,000              3,577,591 
                   ----------  ------------  -------------------  --------------------- 
 Julie Pomeroy      Director      20,000           201,523                63,733 
                   ----------  ------------  -------------------  --------------------- 
 Alex James         Director      20,000           190,000               112,744 
                   ----------  ------------  -------------------  --------------------- 
 Simon Warburton      PDMR        40,000           184,023                77,290 
                   ----------  ------------  -------------------  --------------------- 
 Paul Mather          PDMR        75,000           223,419*               32,177 
                   ----------  ------------  -------------------  --------------------- 
 Total                            175,000          818,965              3,863,535 
                               ------------  -------------------  --------------------- 
 

* Paul Mather's interest includes options over 41,896 shares granted to his spouse as an employee, 35,000 of which were granted yesterday and were without performance conditions.

Following this grant, the Company has 2,090,543 Ordinary Shares under option, representing 10.63% of the current issued share capital of the Company.

Commenting on the grant, Mike Love, non-executive Chairman at Dillistone said:

"The focus of this grant of options is to incentivise the staff who are instrumental to both the current restructuring exercise and our growth plans going forward. As noted at our AGM last week, this process is proceeding well and in line with previously stated expectations."

Enquiries:

 
 Dillistone Group 
  Plc 
 Mike Love                        Chairman                                     Via Walbrook PR 
 Jason Starr                      Chief Executive 
 Julie Pomeroy                    Finance Director 
 
 WH Ireland Limited (Nominated 
  adviser) 
                                  Managing Director - Corporate 
 Chris Fielding                   Finance                                        020 7220 1650 
 
 Walbrook PR 
 Tom Cooper / 
  Paul Vann                                                                      020 7933 8780 
                                                                                 0797 122 1972 
                                                                     tom.cooper@walbrookpr.com 
 
 

Notes to Editors:

Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has five brands operating through three divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); Voyager Software, which targets other recruitment markets (www.voyagersoftware.com); and GatedTalent, the next generation executive recruitment platform (www.GatedTalent.com).

Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014. The Group operates under the FileFinder, Infinity, Evolve, ISV and GatedTalent brands.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006. The Group employs over 100 people globally with offices in London, Basingstoke, Southampton, Frankfurt, New Jersey and Sydney.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 04, 2019 02:00 ET (06:00 GMT)

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