Grant of Options under 2019 Share Scheme
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"):
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Reference number |
Name |
Role |
Division |
Shares under option in SAYE |
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1 |
M Watts |
Chief Financial Officer |
Staffline Group plc |
23,479 |
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For further information, please contact: |
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Staffline Group plc Chris Pullen, Chief Executive Officer Michael Watts, Chief Financial Officer |
via Vigo Communications |
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Liberum NOMAD and Joint Broker Bidhi Bhoma / Joshua Hughes |
020 3100 2222 |
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Berenberg Joint Broker Chris Bowman / Toby Flaux |
020 3207 7800
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Vigo Communications Financial PR Jeremy Garcia / Antonia Pollock / Charlie Neish |
020 7390 0230
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Note for Editors
About Staffline - Recruitment, Training and Support
Enabling the Future of Work™
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
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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MICHAEL WATTS |
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2 |
Reason for the notification
|
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a) |
Position/status
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GROUP CHIEF FINANCIAL OFFICER |
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b) |
Initial notification/ Amendment
|
INITIAL NOTIFICATION |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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STAFFLINE GROUP PLC |
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b) |
LEI
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213800BVLF1BCOJUH828 |
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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
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a) |
Description of the financial instrument, type of instrument
Identification code
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ORDINARY SHARES OF 10P EACH
GB00B040L800 |
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b) |
Nature of the transaction
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GRANT OF OPTIONS TO PURCHASE ORDINARY SHARES OF 10P EACH UNDER THE STAFFLINE GROUP PLC 'SAVE AS YOU EARN' SCHEME 2019 |
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c) |
Price(s) and volume(s)
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|
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d) |
Aggregated information
- Aggregated volume
- Price
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NOT APPLICABLE - SINGLE TRANSACTION
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e) |
Date of the transaction
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6 NOVEMBER 2019 |
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f) |
Place of the transaction
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OFF MARKET |
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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.
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