Director/PDMR Shareholding

SThree plc
07 March 2024
 

SThree plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them

 

SThree plc (the "Company") announces that nil-cost performance share awards under the Long Term Incentive Plan ("LTIP") were granted on 6 March 2024 to the PDMRs detailed below:

 

PDMR

Position

Number of Shares awarded under the LTIP

Timo Lehne

Chief Executive Officer

213,915

Andrew Beach

Chief Financial Officer

155,992

 

The awards will vest three years after the grant date, subject to the below performance conditions being met. The shares will be subject to a further two-year post-vest holding period.

Performance targets and target ranges are set out as follows:

LTIP targets

EPS

TSR vs. peer group

Operating Profit Conversion Ratio (OPCR)

ESG

2024-2026

Between 50.0 pence

(25% vesting) and 61.0

pence (100% vesting).

Between median (25%

vesting) and Upper Quartile (100%

vesting).

Adjusted operating

profit conversion ratio

between 18.5% (25%

vesting) and 22.0%

(100% vesting).

Measuring carbon reduction across scope 1, 2 and 3 emissions.

Incremental progress against 2030

milestones

1)    Scope 1 and 2 reduction: between threshold 40% (25% vesting) and 50% (100% vesting); and

2)    Scope 3 reduction: between threshold 20% (25% vesting) and 25% (100% vesting).

LTIP weighting

50%

20%

20%

10% (5% for each measure)

 

The relevant notifications are set out below.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Names

Timo Lehne

2. Reason for the notification

a) Position/status

Director and Chief Executive Officer

b) Initial notification /Amendment

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

SThree plc

b) LEI

2138003NEBX5VRP3EX50

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 1p

GB00B0KM9T71

b) Nature of the transaction

 

A performance share award granted under the SThree plc Long Term Incentive Plan

c) Price(s) and volume(s)

 

Price

£Nil

Volume(s)

213,915

d) Aggregated information

- Aggregated volume

- Price

 

213,915

£Nil

e) Date of the transaction

06/03/2024

f) Place of the transaction

Off market

 

1. Details of the person discharging managerial responsibilities / person closely associated

a) Names

Andrew Beach

2. Reason for the notification

a) Position/status

Director and Chief Financial Officer

b) Initial notification /Amendment

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

SThree plc

b) LEI

2138003NEBX5VRP3EX50

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 1p

GB00B0KM9T71

b) Nature of the transaction

 

A performance share award granted under the SThree plc Long Term Incentive Plan

c) Price(s) and volume(s)

 

Price

£Nil

Volume(s)

155,992

d) Aggregated information

- Aggregated volume

- Price

 

155,992

£Nil

e) Date of the transaction

06/03/2024

f) Place of the transaction

Off market

 

Enquiries:

Bill Warner

Deputy Company Secretary

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