Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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SThree plc (STHR)

  Print      Mail a friend       Annual reports

Thursday 11 February, 2010

SThree plc

Director/PDMR Shareholding

RNS Number : 0355H
SThree plc
11 February 2010


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


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.


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.


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 DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


3. Name of person discharging managerial responsibilities/director

Russell Clements, Sunil Wickremeratne, 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


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


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


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


8. State the nature of the transaction


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


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


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


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


13. Price per share or value of transaction


14. Date and place of transaction


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


16. Date issuer informed of transaction


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


17. Date of grant

11 February 2010

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

Awards normally vest three years after date of grant, subject to performance targets being met.  To the extent that an award vests it will be capable of exercise at any time from the time at which it vests until the tenth anniversary of the date of grant of the award concerned.

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


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

Russell Clements

148,797 shares subject to an LTIP Award

10,020 shares subject to an Approved Option

10,020 shares subject to a Funding Option

Sunil Wickremeratne

123,497 shares subject to an LTIP Award

10,020 shares subject to an Approved Option

10,020 shares subject to a Funding Option

Alex Smith

107,915 shares subject to an LTIP Award

10,020 shares subject to an Approved Option

10,020 shares subject to a Funding Option

Gary Elden

110,971 shares subject to an LTIP Award

10,020 shares subject to an Approved Option

10,020 shares subject to a Funding Option


All references to shares in the above table are references to ordinary shares of 1p each in the capital of the Company.

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

The exercise price per share under the Approved Option is £2.9940

The exercise price payable to acquire all the shares under a Funding Award is £1 in aggregate.

The exercise price payable to acquire all the shares under an LTIP Award is £1 in aggregate

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

Russell Clements


Sunil Wickremeratne


Alex Smith


Gary Elden



23. Any additional information

All of the above awards were made pursuant to the terms of the SThree Long Term Incentive Plan (LTIP).


Usually awards under the LTIP are made as lone LTIP awards which do not require the payment of an exercise price (other than a nominal payment of £1 to exercise the LTIP Award in full) and which have no tax efficiency.


This year the Company has utilised HMRC approved options so as to structure the LTIP awards more tax efficiently for the Company and the individuals. Under this structure, £30,000 worth of shares have been granted under an HMRC approved option ("Approved Option") to each of the individuals referred to in the above table. The Approved Option requires the payment of an exercise price equal to the market value of the shares at the time of grant, whereas an LTIP award does not require this. Consequently in order to ensure that each individual ends up with the same gain as he would have done had a lone LTIP award been granted, the Funding Award (as referred to in the table above) has been granted to each individual. The exercise of the Funding Award will only deliver to the holder such number of shares as shall have a value at exercise equal to the aggregate exercise price necessary to exercise the Approved Option. The exercise of the Funding Award, Approved Option and LTIP Awards set out above, will therefore deliver the same gain to the award holder as would have been the case had he been granted a lone LTIP award over all of the shares that are now subject to his Approved Option and LTIP Award. It is a condition of exercise of the Funding Award that the Approved Option is exercised.



24. Name of contact and telephone number for queries

Sarah Anderson, 0207 292 3879

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

Steve Hornbuckle, Company Secretary, SThree plc

26. Date of notification

11 February 2010








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