SThree plc Director/PDMR Shareholding
07 Marzo 2024 - 3:20AM
RNS Regulatory News
RNS Number : 9885F
SThree plc
07 March 2024
SThree plc
Notification
and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely
associated with them
SThree plc (the "Company") announces
that nil-cost performance share awards
under the Long Term Incentive Plan ("LTIP") were granted on 6 March
2024 to the PDMRs detailed below:
|
PDMR
|
Position
|
Number of Shares awarded under the LTIP
|
|
Timo Lehne
|
Chief Executive Officer
|
213,915
|
|
Andrew Beach
|
Chief Financial Officer
|
155,992
|
The awards will vest three years
after the grant date, subject to the below performance conditions
being met. The shares will be subject to a further two-year
post-vest holding period.
Performance targets and target
ranges are set out as follows:
|
LTIP targets
|
EPS
|
TSR vs. peer group
|
Operating Profit Conversion Ratio
(OPCR)
|
ESG
|
|
2024-2026
|
Between 50.0 pence
(25% vesting) and 61.0
pence (100% vesting).
|
Between median (25%
vesting) and Upper Quartile (100%
vesting).
|
Adjusted operating
profit conversion ratio
between 18.5% (25%
vesting) and 22.0%
(100% vesting).
|
Measuring carbon reduction across scope 1, 2
and 3 emissions.
Incremental progress against 2030
milestones
1) Scope 1 and 2 reduction:
between threshold 40% (25% vesting) and 50% (100% vesting);
and
2) Scope 3 reduction: between
threshold 20% (25% vesting) and 25% (100% vesting).
|
|
LTIP
weighting
|
50%
|
20%
|
20%
|
10% (5% for each measure)
|
The relevant notifications are set
out below.
|
1.
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a) Names
|
Timo Lehne
|
|
2.
Reason for the notification
|
|
a) Position/status
|
Director and 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
|
SThree
plc
|
|
b) LEI
|
2138003NEBX5VRP3EX50
|
|
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 of instrument
Identification code
|
Ordinary shares of 1p
GB00B0KM9T71
|
|
b) Nature of the
transaction
|
A performance share award granted
under the SThree plc Long Term Incentive Plan
|
|
c) Price(s) and volume(s)
|
Price
£Nil
|
Volume(s)
213,915
|
|
d) Aggregated information
- Aggregated volume
- Price
|
213,915
£Nil
|
|
e) Date of the transaction
|
06/03/2024
|
|
f) Place of the
transaction
|
Off market
|
|
1.
Details of the person discharging managerial responsibilities /
person closely associated
|
|
a) Names
|
Andrew Beach
|
|
2.
Reason for the notification
|
|
a) Position/status
|
Director and 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
|
SThree
plc
|
|
b) LEI
|
2138003NEBX5VRP3EX50
|
|
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 of instrument
Identification code
|
Ordinary shares of 1p
GB00B0KM9T71
|
|
b) Nature of the
transaction
|
A performance share award granted
under the SThree plc Long Term Incentive Plan
|
|
c) Price(s) and volume(s)
|
Price
£Nil
|
Volume(s)
155,992
|
|
d) Aggregated information
- Aggregated volume
- Price
|
155,992
£Nil
|
|
e) Date of the transaction
|
06/03/2024
|
|
f) Place of the
transaction
|
Off market
|
Enquiries:
Bill Warner
Deputy Company Secretary
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