Staffline Group PLC Grant of Options under 2019 Share Scheme (5159S)
November 06 2019 - 8:24AM
UK Regulatory
TIDMSTAF
RNS Number : 5159S
Staffline Group PLC
06 November 2019
6 November 2019
STAFFLINE GROUP PLC
("Staffline," the "Company" or the "Group")
Grant of Options under 2019 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 2019. 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 76.664p, a 20% discount to the closing middle
market price of 95.830p on the trading day before the invitation to
participate was made. The options have a contract start date of 1
December 2019 and are exercisable between 1 December 2022 and 1
June 2023.
A total of 170 employees elected to participate, and, pursuant
to these elections, a total of 1,336,094 options over Ordinary
Shares were granted on 6 November 2019, equating to 1.94% of the
current issued share capital of 68,930,486 shares. The vast
majority of these shares are expected to be satisfied from the
1,140,400 Ordinary 10p Shares currently held by the Employee
Benefit Trust, with the remainder required to be satisfied from the
issue of new shares.
Options totalling 23,479 shares were granted to the following
employee who is regarded as a Person Discharging Managerial
Responsibilities ("PDMR"):
Reference Name Role Division Shares under
number option in SAYE
Chief Financial Staffline Group
1 M Watts Officer plc 23,479
-------- ---------------- ---------------- ----------------
For further information, please contact:
Staffline Group plc via Vigo Communications
www.stafflinegroupplc.co.uk
Chris Pullen, Chief Executive Officer
Michael Watts, Chief Financial Officer
Liberum NOMAD and Joint Broker
www.liberum.com
Bidhi Bhoma / Joshua Hughes 020 3100 2222
Berenberg Joint Broker
www.berenberg.com
Chris Bowman / Toby Flaux 020 3207 7800
Vigo Communications Financial PR 020 7390 0230
www.vigocomms.com staffline@vigocomms.com
Jeremy Garcia / Antonia Pollock / Charlie
Neish
Note for Editors
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading Recruitment and Training
group. It has two divisions:
Recruitment Division
Staffline is the UK's leading provider of flexible blue-collar
workers, supplying over 60,000 staff per day to c. 1,600 private
sector clients, across a wide range of industries including
agriculture, drinks, driving, food processing, logistics and
manufacturing. It operates from over c. 460 locations in the UK,
Republic of Ireland 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
Staffline is the leading adult skills and training provider in
the UK, delivering apprenticeships, adult education, prison
education and skills-based employability programmes across the
country.
Skills and Training - market leading provider of Apprenticeships
(both Levy and non-Levy), learning and development, adult education
and health and well-being programmes to the Private and Public
sector.
Justice and Community - largest independent provider of
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.
Employability - market leading provider of programmes providing
back-to-work education, skills support services to the unemployed
and enterprise advice to individuals wanting to start their own
business.
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 MICHAEL WATTS
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status GROUP CHIEF FINANCIAL OFFICER
--------------------------- ------------------------------------------
b) Initial notification/ INITIAL NOTIFICATION
Amendment
--------------------------- ------------------------------------------
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 ORDINARY SHARES OF 10P EACH
instrument,
type of instrument
Identification GB00B040L800
code
--------------------------- ------------------------------------------
b) Nature of GRANT OF OPTIONS TO PURCHASE ORDINARY
the transaction SHARES OF 10P EACH UNDER THE STAFFLINE
GROUP PLC 'SAVE AS YOU EARN' SCHEME
2019
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP0.77 23,479
----------
--------------------------- ------------------------------------------
d) Aggregated
information NOT APPLICABLE - SINGLE TRANSACTION
* Aggregated volume
* Price
--------------------------- ------------------------------------------
e) Date of the 6 NOVEMBER 2019
transaction
--------------------------- ------------------------------------------
f) Place of OFF MARKET
the transaction
--------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHEADFKEAENFFF
(END) Dow Jones Newswires
November 06, 2019 08:24 ET (13:24 GMT)
Staffline (AQSE:STAF.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Staffline (AQSE:STAF.GB)
Historical Stock Chart
From Jul 2023 to Jul 2024