Grant of Options under 2018 Share Scheme

RNS Number : 0999B

Staffline Group PLC

18 September 2018

 

For immediate release

18 September 2018

STAFFLINE GROUP PLC

("Staffline" or the "Group")

Grant of Options under 2018 Share Scheme

Staffline, the Recruitment and Training organisation, announces the grant of options to employees as part of its Save As You Earn ("SAYE") share scheme for 2018. The scheme is open to all permanent employees who have completed at least six months continuous service, giving them the opportunity to participate in the future growth of the Group via share option arrangements.

Eligible employees were invited to subscribe for options over Staffline's ordinary shares of 10p each ("Ordinary Shares") with an exercise price of £9.76, a 20% discount to the closing middle market price of £12.20 on the trading day before the invitation to participate was made. The options have a contract start date of 1 December 2018 and are exercisable between 1 December 2021 and 31 May 2022.

A total of 167 employees elected to participate, and, pursuant to these elections, a total of 73,588 options over Ordinary Shares were granted on 18 September 2018, equating to 0.26% of the current issued share capital of 27,944,389 shares. These shares are expected to be satisfied from the 1,140,400 Ordinary 10p Shares currently held by the Employee Benefit Trust.

Options totaling 5,907 shares were granted to the following four employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):

Reference number	Name	Role	Division	Shares under option in SAYE
1	S Rouse	Managing Director	PeoplePlus	1,844
2	M Underwood	Managing Director	Recruitment	1,844
3	C Glover	Divisional Director	Recruitment	1,106
4	D Hughes	Divisional Director	Recruitment	1,113

Details of each transaction can be found in the Annex pages that follow.

For further information, please contact:
Staffline Group plc www.stafflinegroupplc.co.uk Chris Pullen, Chief Executive Officer Michael Watts, Group Chief Financial Officer	[e-mail] 07786 265344 07970 215262
Liberum NOMAD and Joint Broker www.liberum.com Steve Pearce / Joshua Hughes	020 3100 2222
Berenberg Joint Broker www.berenberg.com Chris Bowman / Toby Flaux	020 3207 7800
Vigo Communications Financial PR and Investor Relations www.vigocomms.com Jeremy Garcia / Antonia Pollock / Charlie Neish	[e-mail] 020 7390 0230

About Staffline - Recruitment, Training and Support

Enabling the Future of Work™

Staffline is the UK's market leading Recruitment and Training group. It has two divisions:

Recruitment Division

The UK's leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,500 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing.  It operates from over 400 locations in UK, Eire and Poland.

Its world leading Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.

PeoplePlus Division

The leading adult skills and training provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.

Education and Training - market leading provider of training courses for private sector Apprenticeships (both Levy and non-Levy) and Government funded Adult Skills programmes.

Employability - top quartile performer, supporting Government programmes providing back-to-work education and support services to the unemployed.

Justice and Community - education and training services for prisoners and ex-offenders, as well as individual support services for carers and people with disabilities, both at home and in the work place.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	SIMON ROUSE
2	Reason for the notification
a)	Position/status	MANAGING DIRECTOR - PEOPLEPLUS DIVISION
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 10P EACH GB00B040L800
b)	Nature of the transaction	GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC SAVE AS YOU EARN SCHEME 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.76 1,844
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE
e)	Date of the transaction	18 SEPTEMBER 2018
f)	Place of the transaction	OFF MARKET

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	MARK UNDERWOOD
2	Reason for the notification
a)	Position/status	MANAGING DIRECTOR - RECRUITMENT DIVISION
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 10P EACH GB00B040L800
b)	Nature of the transaction	GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC SAVE AS YOU EARN SCHEME 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.76 1,844
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE
e)	Date of the transaction	18 SEPTEMBER 2018
f)	Place of the transaction	OFF MARKET

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CRAIG GLOVER
2	Reason for the notification
a)	Position/status	DIVISIONAL DIRECTOR - RECRUITMENT DIVISION
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 10P EACH GB00B040L800
b)	Nature of the transaction	GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC SAVE AS YOU EARN SCHEME 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.76 1,106
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE
e)	Date of the transaction	18 SEPTEMBER 2018
f)	Place of the transaction	OFF MARKET

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	DYLAN HUGHES
2	Reason for the notification
a)	Position/status	DIVISIONAL DIRECTOR - RECRUITMENT DIVISION
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 10P EACH GB00B040L800
b)	Nature of the transaction	GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC SAVE AS YOU EARN SCHEME 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) £9.76 1,113
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE
e)	Date of the transaction	18 SEPTEMBER 2018
f)	Place of the transaction	OFF MARKET

 

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