TIDMSTAF
RNS Number : 2120Q
Staffline Group PLC
17 February 2023
17 February 2023
Staffline Group plc
("Staffline", the "Company" or the "Group")
Grant of Options under 2023 Long-Term Incentive Plan
Staffline, the recruitment and training group, announces that,
under the terms of the Company's 2023 long term incentive plan (the
" 2023 LTIP "), the Board has approved the award of and granted nil
cost options (the " Options ") over 4,709,040 ordinary shares of 10
pence each in the Company (" Ordinary Shares ") to certain
employees, including persons discharging managerial
responsibilities (" PDMRs "), as set out below.
The Board believes it is key that the Group retains and
incentivises Executive Directors and senior employees to drive the
business forward, whilst aligning their interests with those of
shareholders. The Group intends to continue to fully satisfy the
exercise of options through purchases of Ordinary Shares by the
Employee Benefits Trust in order to limit the level of dilution
experienced by existing shareholders.
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 2025. For the Executive Directors
and relevant central Group senior employees the financial
performance criteria are based on the Group as a whole, with 50% of
the Options awarded subject to achieving earnings per share hurdles
and 50% subject to achieving underlying operating profit hurdles.
For senior employees operating within the divisions of the Group,
their performance criteria are based 20% on the Group performance
criteria, as above, and 80% on underlying operating profit hurdles
relating to their own division.
The Options will vest from 14 February 2026 (the " Vesting
Period ") and will be exercisable until 14 February 2033.
The Options awarded to PDMRs are set out in the table below.
Director/ PDMR Position Options granted
Chief Executive
Albert Ellis Officer 1,043,485
----------------- ----------------
Chief Financial
Daniel Quint Officer 819,881
----------------- ----------------
MD Recruitment
Martina McKenzie Ireland 327,952
----------------- ----------------
MD Recruitment
Frank Atkinson GB 327,952
----------------- ----------------
Kenny Boyle MD PeoplePlus 269,052
----------------- ----------------
Following the grant, the total number of Options over Ordinary
Shares under the 2023 LTIP is 4,709,040 representing 2.84% 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 / Lucas
Bamber 020 3100 2222
Zeus (Joint Broker)
www.zeuscapital.co.uk
David Foreman (Investment Banking)
Nick Searle (Sales) 020 3829 5000
Vigo Consulting (Financial PR) 020 7390 0230
www.vigoconsulting.com Staffline@vigoconsulting.com
Jeremy Garcia / Kate Kilgallen
Market Abuse Regulation:
For the purposes of MAR, Article 2 of Commission Implementing
Regulation (EU) 2016/1055 and the UK version of such implementing
regulation, the person responsible for arranging for the release of
this Announcement on behalf of the Company is Daniel Quint, Chief
Financial Officer.
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.37,000 staff per day on average to around 450 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, fifteen onsite customer locations, supplying c.5,000
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.
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 1,043,485
-------------------------------------------------------------------------------------- --------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 14 February 2023
------------------------------------------- -----------------------------------------------------------------
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 819,881
---------------------------------------------------------------------------------------- --------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 14 February 2023
--------------------------------------------- -----------------------------------------------------------------
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 327,952
------------------------------------------------------------------------------ ------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
------------------------------------ --------------------------------------------------------------------------
e) Date of the transaction 14 February 2023
------------------------------------ --------------------------------------------------------------------------
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 327,952
---------------------------------------------------------------------------------------- --------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 14 February 2023
--------------------------------------------- -----------------------------------------------------------------
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 269,052
---------------------------------------------------------------------------------------- --------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 14 February 2023
--------------------------------------------- -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------- -----------------------------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHUNVBROVUUAAR
(END) Dow Jones Newswires
February 17, 2023 02:00 ET (07:00 GMT)
Staffline (AQSE:STAF.GB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Staffline (AQSE:STAF.GB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
