Further information for shareholders re Rem Policy

RNS Number : 6882A

SThree plc

21 February 2014

 



21 February 2014

SThree plc

Further information for shareholders regarding SThree's remuneration policy

The SThree Remuneration Committee would like to clarify that, following discussions with shareholder representatives regarding recruitment policy, as set out in SThree's 2013 Annual Report (on page 43), in relation to the buy out of incentives or other payments necessary to recruit exceptional candidates or overcome particular circumstances in the market, any remuneration arrangement specifically established to recruit an individual (ie whether in the form of a buy out of incentives or other payments) would take a similar form to that surrendered, with the value of such incentive buy out or other payment being capped at no greater than those which the individual had agreed to surrender in order to be recruited. The Remuneration Committee does not therefore envisage that a cash or other payment over and above the value surrendered (ie a 'golden hello') would be offered. The policy that exists for current Directors would then apply to the balance of the individual's remuneration package.

Tony Ward

Chairman of the Remuneration Committee

 

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