29
January 2024
Staffline Group
plc
("Staffline", the "Company"
or the "Group")
Grant of Options under 2024
Long-Term Incentive Plan
Staffline, the recruitment and
training group, announces that, under the terms of the Company's
2024 long term incentive plan (the "2024
LTIP"), the Board has approved the award of
and granted nil cost options (the "Options") over 7,375,817 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 2026. 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 underlying 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 26
January 2027 (the "Vesting
Period") and will be exercisable until 26
January 2034.
The Options awarded to PDMRs are set
out in the table below.
Director/ PDMR
|
Position
|
Options
granted
|
Albert Ellis
|
Chief
Executive Officer
|
2,096,950
|
Daniel Quint
|
Chief
Financial Officer
|
1,715,686
|
Martina McKenzie
|
MD
Recruitment Ireland
|
680,828
|
Frank Atkinson
|
MD
Recruitment GB
|
680,828
|
Kenny Boyle
|
MD
PeoplePlus
|
517,429
|
Following the grant, the total
number of Options over Ordinary Shares under the 2024 LTIP is
7,375,817 representing 4.94% of the Company's issued share
capital.
For
further information, please contact:
Staffline Group plc
www.stafflinegroupplc.co.uk
Albert Ellis, Chief Executive
Officer
Daniel Quint, Chief Financial
Officer
|
via Vigo Consulting
|
|
|
Liberum (Nominated Adviser and Broker)
www.liberum.com
Richard Lindley / Satbir
Kler
|
020 3100 2222
|
|
|
Zeus (Joint Broker)
www.zeuscapital.co.uk
David Foreman (Investment
Banking)
Nick Searle (Sales)
|
020 3829 5000
|
|
|
Vigo Consulting (Financial PR)
www.vigoconsulting.com
Jeremy Garcia / Verity
Snow
|
020 7390 0230
Staffline@vigoconsulting.com
|
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
About
Staffline - Recruitment, Training
and Support
Enabling the Future of Work™
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.31,000 staff per day on average
from around 400 sites, across a wide range of industries including
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
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.
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 of
instrument
Identification code
|
Ordinary Shares of 10 pence
each
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
|
2,096,950
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 January 2024
|
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 of
instrument
Identification code
|
Ordinary Shares of 10 pence
each
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
|
1,715,686
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 January 2024
|
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, type of
instrument
Identification code
|
Ordinary Shares of 10 pence
each
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
|
680,828
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 January
2024 |
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 of
instrument
Identification code
|
Ordinary Shares of 10 pence
each
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
|
680,828
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26 January 2024
|
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 of
instrument
Identification code
|
Ordinary Shares of 10 pence
each
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
|
517,429
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
26
January 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|