Grant of Options under 2017 Share Scheme
For immediate release 27 October 2017
STAFFLINE GROUP PLC
("Staffline" or "the Group")
Grant of Options under 2017 Share Scheme
Staffline, the Staffing and Employability organisation, announces the grant of options to employees as part of its Save As You Earn ("SAYE") share scheme for 2017. 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 £9.32, a 20% discount to the closing middle market price on the trading day before the invitation to participate was made. The options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 31 May 2021.
A total of 290 employees elected to participate, and, pursuant to these elections, a total of 148,276 options over Ordinary Shares were granted on 26 October 2017, equating to 0.53% of the current issued share capital of 27,849,389 shares. These shares will be issued to participants from the 2,220,400 Ordinary 10p Shares currently held by the Employee Benefit Trust, issued by the Group in accordance with Joint Share Ownership Plans ("JSOP") on 6 September 2010 and 4 July 2013.
Andy Hogarth, Chief Executive Officer, and Christopher Pullen, Chief Financial Officer, are participants in the Company's SAYE scheme and are included in the total figures above. Their individual option grant pursuant to this year's SAYE scheme is 1,931 shares and 1,931 shares respectively. As a result of these option grants, their interest in Staffline's Ordinary 10p Shares is as follows:
|
Director |
Ordinary Shares held |
Ordinary Shares held under JSOP |
Ordinary Shares under option in ESOP |
Ordinary Shares under option in SAYE |
Total interest |
% of issued share capital |
|
Andy Hogarth |
1,513,629 |
350,000 |
- |
1,931 |
1,865,560 |
6.70% |
|
Christopher Pullen |
12,000 |
- |
100,000 |
1,931 |
113,931 |
0.41% |
In addition, options totaling 19,721 shares were granted to the following 14 employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):
|
Reference number |
Name |
Role |
Division |
Shares under option in SAYE |
|
1 |
J Bladon |
Director - Compliance and Ethical Standards |
Staffing |
1,158 |
|
2 |
P Collins |
Company Secretary |
Group |
1,931 |
|
3 |
J Davies |
Divisional Director |
Staffing |
1,931 |
|
4 |
T Elverstone |
Head of HR |
Staffing |
193 |
|
5 |
L Garner |
Group Sales Director |
Staffing |
1,931 |
|
6 |
B Hansford |
Managing Director (Wales) |
PeoplePlus |
1,000 |
|
7 |
D Hughes |
Divisional Director |
Staffing |
764 |
|
8 |
M Keegan |
Finance Director |
Staffing |
579 |
|
9 |
R Lucas |
Group Financial Accountant |
Group |
1,931 |
|
10 |
K Rodger |
Director of Justice and Strategy |
PeoplePlus |
579 |
|
11 |
R Stockall |
HR Director |
PeoplePlus |
1,931 |
|
12 |
N Watson |
Financial Controller |
PeoplePlus |
1,931 |
|
13 |
M Watts |
Finance Director |
PeoplePlus |
1,931 |
|
14 |
S Wistance |
IT Director |
Staffing |
1,931 |
Details of each transaction can be found in the Annex pages that follow.
|
For further information, please contact: |
|
Staffline Group plc |
|
Andy Hogarth, Chief Executive Officer 07931 175775 |
|
Chris Pullen, Group Chief Financial Officer 07786 265344 |
|
|
|
Liberum Capital Limited NOMAD and Joint Broker |
|
Steve Pearce / Joshua Hughes 020 3100 2222 |
|
|
|
Berenberg Joint Broker |
|
Chris Bowman / Marie Stolberg 020 3465 2722 |
|
|
|
Buchanan PR and Communications |
|
Richard Oldworth / Jamie Hooper / Madeleine Seacombe 020 7466 5000 |
About Staffline
Staffline is a leading outsourcing organisation providing services, mainly in the UK and Eire, to both Government and commercial customers. The Staffing division supplies up to 51,000 workers per day to more than 1,500 clients. Using the skills we have developed and learned within Staffing we have developed a second division, PeoplePlus, and have become a leading provider to both Central and Local Government, offering a wide range of services to help and support in the Employability (Welfare to Work), Communities and Skills arenas.
Staffing Services
Specialising in providing complete labour solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors, the recruitment business operates from nearly 400 locations in the UK, Eire and Poland. The Staffing brands include:
· Staffline OnSite, based on clients' premises and providing both blue and white collar, out-sourced, temporary workforces
· Driving Plus, providing HGV drivers to the driving industry
· Staffline Agriculture, providing workers to the UK farming and horticulture sectors
· Staffline Express, our high street branch based operation
· Brightwork, a recruitment business based in Scotland specialising in temporary and permanent jobs to the drinks industry as well as industrial recruitment
· Diamond Recruitment, the largest provider of recruitment services in Northern Ireland
PeoplePlus
Trading under the PeoplePlus brand, Government contracts include:
· Work Programme, prime contractor in nine regions and sub-contractor in three regions in England and Wales
· New Enterprise Allowance (business start-up support), prime contractor in three regions of England and a sub-contractor in Wales
· Steps to Success, prime contractor in Northern Ireland
· Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area
· Youth Promise Plus, supporting youth employment in Birmingham
· Youth Employment Gateway, supporting youth employment in the Wirral
· Building Employment through Education, working in Schools in Northern Ireland
Training services:
· Prime contractor to the Education and Skills Funding Agency, Welsh Government as well as Skills Development Scotland,
· Delivering Apprenticeships and Adult Education across the UK - funded by both the Skills Funding Agency and private commercial organisations.
Community services:
· Ministry of Justice, Transforming Rehabilitation in Warwickshire and West Mercia, helping to transform rehabilitation and probation services
· OLASS, delivery of training to prisoners in nine prisons in the East of England
· Independent Living Services, supporting 3,500 disabled people lead independent lives
· Visitor Centres for the Northern Ireland Prison Service
· Careers Hubs in Stoke and Staffordshire
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
|
ANDREW HOGARTH |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
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
|
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
|
GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE SAVE AS YOU EARN SCHEME 2017 |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
NOT APPLICABLE
|
||||
|
e) |
Date of the transaction
|
26 OCTOBER 2017 |
||||
|
f) |
Place of the transaction
|
OFF MARKET |
||||
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
|
CHRISTOPHER PULLEN |
||||
|
2 |
Reason for the notification
|
|||||
|
a) |
Position/status
|
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
|
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
|
GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE SAVE AS YOU EARN SCHEME 2017 |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
NOT APPLICABLE
|
||||
|
e) |
Date of the transaction
|
26 OCTOBER 2017 |
||||
|
f) |
Place of the transaction
|
OFF MARKET |
||||
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
|
1. JANE BLADON 2. PAUL COLLINS 3. JAMES DAVIES 4. TRACEY ELVERSTONE 5. LEE GARNER 6. BEN HANSFORD 7. DYLAN HUGHES 8. MARK KEEGAN 9. ROBERT LUCAS 10. KEVIN RODGER 11. RUTH STOCKALL 12. NEIL WATSON 13. MICHAEL WATTS 14. STUART WISTANCE |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
2 |
Reason for the notification
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
a) |
Position/status
|
1. DIRECTOR - COMPLIANCE AND ETHICAL STANDARDS (STAFFING DIVISION) 2. COMPANY SECRETARY 3. DIVISIONAL DIRECTOR (STAFFING DIVISION) 4. HEAD OF HR (STAFFING DIVISION) 5. GROUP SALES DIRECTOR (STAFFING DIVISION) 6. MANAGING DIRECTOR WALES (PEOPLEPLUS DIVISION) 7. ACCOUNT DIRECTOR (STAFFING DIVISION) 8. FINANCE DIRECTOR (STAFFING DIVISION) 9. GROUP FINANCIAL ACCOUNTANT 10. DIRECTOR OF JUSTICE AND STRATEGY (PEOPLEPLUS DIVISION) 11. HR DIRECTOR (PEOPLEPLUS DIVISION) 12. FINANCIAL CONTROLLER (PEOPLEPLUS DIVISION) 13. FINANCE DIRECTOR (PEOPLEPLUS DIVISION) 14. IT DIRECTOR (STAFFING 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
|
GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE SAVE AS YOU EARN SCHEME 2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
c) |
Price(s) and volume(s)
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
d) |
Aggregated information
- Aggregated volume
- Price
|
NOT APPLICABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
e) |
Date of the transaction
|
26 OCTOBER 2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
f) |
Place of the transaction
|
OFF MARKET |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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