TIDMDSG

RNS Number : 6821O

Dillistone Group PLC

11 February 2021

Dillistone Group Plc

("Dillistone", the "Company" or the "Group")

Issue of Options

Dillistone Group Plc, the AIM quoted supplier of software and services to recruiters, announces the grant on 10 February 2021 of options over 500,000 Ordinary Shares of 5p each in Dillistone (the "Options") to certain of its Directors and other members of staff.

Options over 450,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to six Directors and other senior managers under the Company's LTIP scheme with an exercise price of 22p per share. Details of the grants to Directors are set out below. The remuneration committee has approved the grant of options and the thresholds which are challenging.

 
                     Status     LTIP option      No. Options       Current Shareholding 
                                  grant at      held post Grant         in Company 
                                    22p        including Savings 
                                                 Related Share 
                                                    Options 
 Jason Starr        Director      50,000            70,000              3,577,591 
                   ----------  ------------  -------------------  --------------------- 
 Julie Pomeroy      Director      50,000            93,146                63,733 
                   ----------  ------------  -------------------  --------------------- 
 Alex James         Director      50,000            86,250               112,744 
                   ----------  ------------  -------------------  --------------------- 
 Simon Warburton    Director      50,000           150,646                77,290 
                   ----------  ------------  -------------------  --------------------- 
 Paul Mather        Director      50,000           206,292*               32,177 
                   ----------  ------------  -------------------  --------------------- 
 Steve Hammond      Director      50,000           136,250                  0 
                   ----------  ------------  -------------------  --------------------- 
 Total                            300,000          742,584              3,863,535 
                               ------------  -------------------  ---------------------

* Paul Mather's interest includes options over 58,146 shares granted to his spouse as an employee.

In addition, options over 50,000 Ordinary Shares with an exercise price of 22p per share were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.

Following this grant, the Company has 1,806,337 Ordinary Shares under option, representing 9.18% of the current issued share capital of the Company.

Commenting on the grant, Giles Fearnley, Non Executive Chairman at Dillistone said:

"This grant of options is to incentivise staff as the Group focuses on returning to profitability with its new products, the benefits of recent restructuring and as we emerge from the pandemic ."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Dillistone Group Plc                                      Via Walbrook PR 
 Jason Starr               Chief Executive 
 Julie Pomeroy             Finance Director 
 
 WH Ireland Limited (Nominated adviser) 
                           Managing Director, 
 Chris Fielding             Corporate Finance                020 7220 1650 
 
 Walbrook PR 
 Tom Cooper / Nick Rome                                      020 7933 8780 
                                                 dillistone@walbrookpr.com

Notes to Editors:

Dillistone Group Plc is a leader in the supply and support of software and services to recruiters. Dillistone operates through the Ikiru People brand.

The Group develops, markets and supports the Talentis, FileFinder, Infinity, Midoffice, ISV and GatedTalent products.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006. The Group employs around 90 people globally with offices in Basingstoke, Southampton, New Jersey and Sydney.

How Talentis can be used in Executive Search: https://www.talentis.global/recruitment-software/executive-search-software/

How Talentis is a transformational recruiting software: https://www.talentis.global/recruitment-software/next-generation-recruitment-software/

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END

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February 11, 2021 02:00 ET (07:00 GMT)

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