Director/PDMR Shareholding

RNS Number : 6953I

SThree plc

16 March 2010

 



SThree plc

("SThree" or the "Company")

Director/PDMR Shareholding

SThree, the international specialist staffing business, announces that following a request from an institutional investor seeking to build a shareholding in the Company, Russell Clements, CEO, sold 1 Million ordinary shares in the Company at a price of 315p per share on 16 March 2010.

Mr. Clements retains an interest in 3,762,079 ordinary shares in the Company, representing 3.09% of the issued ordinary share capital.

There has been no change in the trading outlook or financial position of the Company since the publication of the Q1 Interim Management Statement on 8 March 2010.

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Enquiries:

SThree plc	020 7292 3838
Russell Clements, Chief Executive Officer
Citigate Dewe Rogerson	020 7638 9571
Kevin Smith/Nicola Smith

Notes to editors

SThree, founded in 1986, is one of the leading international specialist staffing businesses, providing permanent and contract specialist staff to a diverse client base of well over 7,000 clients. From its well-established position as a major player in the information and communications technology ("ICT") sector the Group has further broadened the base of its operations by building fast-growing businesses serving the accountancy & finance, banking, engineering, oil & gas, pharmaceuticals, human resources, energy, legal and job board sectors.

Following the establishment of its first business, Computer Futures, in 1986, the Group has adopted a multi-brand strategy, establishing new operations to address growth opportunities. SThree operates through a number of brands, the largest of which are FS Group (Computer Futures/JP Gray), Huxley Associates and Progressive and has 1,700 employees in eleven countries.

SThree has a selective approach to clients and focuses on high margin opportunities, predominantly within the small to medium-sized enterprises ("SME") market. From its inception the Group has avoided the high volume/low margin business model in favour of a focus on high quality business.

SThree plc is quoted on the Official List of the UK Listing Authority under the ticker symbol STHR and 

also has a US level one ADR facility, symbol SERTY.

 

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