TIDMSTAF
RNS Number : 0767E
Staffline Group PLC
05 July 2021
5 July 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Grant of Options under 2021 Long-Term Incentive Plan
Staffline, the recruitment and training group, announces that,
under the terms of the Company's 2021 long term incentive plan (the
"2021 LTIP"), the Board has approved the award of and granted nil
cost options (the "Options") over 1,678,279 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 2023. 50% of the Options awarded
are subject to achieving earnings per share hurdles and 50% are
subject to achieving EBITDA hurdles. In addition, no Options will
vest unless the average closing price of the Ordinary Shares for
the last 30 business days of 2023 is above a minimum target. The
Options will vest from 30 June 2024 (the "Vesting Period") and will
be exercisable until 30 June 2031.
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 573,770
------------------ ----------------
Chief Financial
Daniel Quint Officer 450,820
------------------ ----------------
MD - Recruitment
Martina McKenzie Ireland 180,328
------------------ ----------------
Simon Rouse MD - PeoplePlus 180,328
------------------ ----------------
MD - Recruitment
Frank Atkinson GB 180,328
------------------ ----------------
Following the grant of the Options, the total number of Ordinary
Shares outstanding under the 2021 LTIP is 1,678,279, representing
1.0 per cent. of the Company's issued share capital.
Enquiries:
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.vigocomms.com Staffline@vigoconsulting.com
Jeremy Garcia / Antonia Pollock
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading Recruitment and Training
group. It has three divisions:
Recruitment GB
Staffline is the UK's leading provider of flexible blue-collar
workers, supplying approximately 40,000 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 and offering RPO, MSP,
temporary and permanent solutions across the island of Ireland.
PeoplePlus Division
Staffline is the leading adult skills and training provider in
the UK, delivering adult education, prison education and
skills-based employability programmes across the country.
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 consideration 573,770
------------------------------------------------------------------------------------------------ ------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 30 June 2021
--------------------------------------------- -----------------------------------------------------------------
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 consideration 450,820
------------------------------------------------------------------------------------------------ ------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 30 June 2021
--------------------------------------------- -----------------------------------------------------------------
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 instrument, Ordinary Shares of 10 pence each
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 consideration 180,328
----------------------------------------------------------------------------------------- -------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
------------------------------------------ --------------------------------------------------------------------
e) Date of the transaction 30 June 2021
------------------------------------------ --------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------ --------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Simon Rouse
--------------------------------------------- -----------------------------------------------------------------
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 consideration 180,328
------------------------------------------------------------------------------------------------ ------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 30 June 2021
--------------------------------------------- -----------------------------------------------------------------
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 consideration 180,328
------------------------------------------------------------------------------------------------ ------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--------------------------------------------- -----------------------------------------------------------------
e) Date of the transaction 30 June 2021
--------------------------------------------- -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------- -----------------------------------------------------------------
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END
DSHBLGDRLBGDGBD
(END) Dow Jones Newswires
July 05, 2021 02:00 ET (06:00 GMT)
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