2013 Joint Share Ownership Plan

RNS Number : 9901V

Staffline Group PLC

27 July 2018

 

For immediate release                                                                                                           27 July 2018

STAFFLINE GROUP PLC

("Staffline" or "the Company")

Vesting and Sale of interests in 2013 Joint Share Ownership Plan ("JSOP")

Staffline, the Recruitment and Training group announces today that, in relation to its 2013 JSOP, all earnings per share and total shareholder return targets have been met in full and that on 30 June 2018, 1,175,000 ordinary shares of 10p in the Company ("JSOP Shares") vested.

The JSOP rules require that that the Employee Benefit Trust ("EBT") sell all vested JSOP Shares for the benefit of the plan participant. Accordingly, the EBT has sold JSOP Shares for the benefit of the following Directors and PDMR's:

Director/PDMR	Position	JSOP Shares sold
Martina McKenzie	PDMR - Managing director Ireland division	40,000
Mark Underwood	PDMR - Managing director Recruitment division	40,000
Craig Glover	PDMR - Food director Recruitment division	40,000
Lee Garner	PDMR - Sales director Recruitment division	40,000
James Davies	PDMR - Agriculture director Recruitment division	40,000

The JSOP Shares were held by Staffline's EBT, so no new shares are required to be issued.

Following the sale, the number of shares held by Staffline's EBT is 1,140,400 ordinary shares, or 4.08% of the 27,944,389 ordinary shares in issue.

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                                                                                   07786 265344

Michael Watts, Group Chief Financial Officer                                                                  07970 215262

[e-mail]

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

Buchanan   PR and Communications         www.buchanan.uk.com

Richard Oldworth / Jamie Hooper / Madeleine Seacombe                                          020 7466 5000

[e-mail]

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

 

ANNEX

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

  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	Martina McKenzie
2	Reason for the notification
a)	Position/status	PDMR - Managing director Ireland 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	Sale of JSOP Shares jointly held with the Company's EBT
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.30 40,000
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	26 JULY 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Underwood
2	Reason for the notification
a)	Position/status	PDMR - 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	Sale of JSOP Shares jointly held with the Company's EBT
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.30 40,000
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	26 JULY 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Craig Glover
2	Reason for the notification
a)	Position/status	PDMR - Food 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	Sale of JSOP Shares jointly held with the Company's EBT
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.30 40,000
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	26 JULY 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lee Garner
2	Reason for the notification
a)	Position/status	PDMR - Sales 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	Sale of JSOP Shares jointly held with the Company's EBT
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.30 40,000
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	26 JULY 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Davies
2	Reason for the notification
a)	Position/status	PDMR - Agriculture 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	Sale of JSOP Shares jointly held with the Company's EBT
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.30 40,000
d)	Aggregated information -        Aggregated volume -      Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	26 JULY 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

 

END

 

 

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