Staffline Group PLC Grant of Options under Long-Term Incentive Plan (6908L)

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                          [e-mail] 
 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    Ordinary Shares of 10 pence each 
     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, type    Ordinary Shares of 10 pence each 
     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, type    Ordinary Shares of 10 pence each 
     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, type    Ordinary Shares of 10 pence each 
     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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May 17, 2022 10:04 ET (14:04 GMT)