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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 | 0.85% | 29.55 | 29.20 | 29.90 | 29.90 | 29.20 | 29.90 | 46,975 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Management Consulting Svcs | 938.2M | -11M | -0.0664 | -4.50 | 49.56M |
TIDMSTAF
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 Chief Executive Albert Ellis Officer 711,806 ------------------------ ---------------- Chief Financial Daniel Quint 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 Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer Liberum (Nominated Adviser and Broker) www.liberum.com Richard Lindley / William Hall / Christopher Whitaker 020 3100 2222 Vigo Consulting (Financial PR) 020 7390 0230 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, Ordinary Shares of 10 pence each type of instrument 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, Ordinary Shares of 10 pence each type of instrument 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 Ordinary Shares of 10 pence each instrument, type of instrument 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, Ordinary Shares of 10 pence each type of instrument 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, Ordinary Shares of 10 pence each type of instrument 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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MSCBCGDUGUBDGDL
(END) Dow Jones Newswires
May 17, 2022 02:01 ET (06:01 GMT)
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