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SThree plc (STHR)

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Wednesday 15 February, 2012

SThree plc

Director/PDMR Shareholding

RNS Number : 4582X
SThree plc
15 February 2012
 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

 

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

Please complete all relevant boxes should in block capital letters.

 

1. Name of the issuer

SThree plc

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.4R(1)(a); or

(ii) DTR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 2006; or

(iii) both (i) and (ii)

Both

3. Name of person discharging managerial responsibilities/director

Russell Clements, Alex Smith & Gary Elden

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

See 3 above

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

See 3 above

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of 1p

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8. State the nature of the transaction

Exercise of shares under the Long Term Incentive Plan ("LTIP")

9. Number of shares, debentures or financial instruments relating to shares acquired

Director

Shares Vested

Shares retained

% Share of Capital

Russell Clements

246,213 LTIP shares

43,984 dividend shares on the LTIP

141,899

0.12%

Gary Elden

200,072 LTIP shares

33,508 dividend shares on the LTIP

38,475

0.03%

Alex Smith

182,834 LTIP shares

32,662 dividend shares on the LTIP

105,372

0.09%

 

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

See above.

11. Number of shares, debentures or financial instruments relating to shares disposed

Director

Shares Sold

% Share of Capital

Russell Clements

148,298

0.12%

Gary Elden

195,105

0.16%

Alex Smith

110,124

0.09%

 

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

See above

13. Price per share or value of transaction

£2.7932

14. Date and place of transaction

London, 14 February 2012

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

Russell Clements

4,067,458

3.34%

Gary Elden

3,467,354

2.85%

Alex Smith

198,614

0.16%

 

16. Date issuer informed of transaction

14 February 2012

 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

 

17. Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

N/A

23. Any additional information

These LTIP shares were subject to performance conditions, as set out in the Annual Report & Accounts.

Dividend shares are accrued by all participants of the LTIP and are only paid on vested shares.

In accordance with the tax authority's rules, the directors were required to sell shares to cover tax at 51%.  Except for Gary Elden who is subject to double taxation at 50%.

To satisfy the vesting of all LTIP awards, the company transferred 1,645,000 of treasury shares into the trust.  Accordingly, the total voting rights are now 121,432,182 and the issued share capital is 123,007,579.

24. Name of contact and telephone number for queries

Christie Wolstencroft, 0207 268 6027

25. Name and signature of duly authorised officer of issuer responsible for making notification

Christie Wolstencroft, Company Secretarial Administrator, SThree plc

26. Date of notification

15 February 2012

END

 

 

 

 

 

 


This information is provided by RNS
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