TIDMSTAF
RNS Number : 7604U
Staffline Group PLC
27 October 2017
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 GBP9.32, 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 Ordinary Ordinary Ordinary Total % of issued
Shares Shares held Shares Shares interest share
held under JSOP under option under option capital
in ESOP in SAYE
------------- --------- ------------ ------------- ------------- --------- -----------
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 Name Role Division Shares
number under
option
in SAYE
---------- ------------- --------------------------- ----------- ---------
Director - Compliance
1 J Bladon 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
---------- ------------- --------------------------- ----------- ---------
Director of Justice
10 K Rodger 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
www.staffline.co.uk
Liberum Capital Limited NOMAD and Joint Broker
Steve Pearce / Joshua Hughes 020 3100 2222
www.liberumcapital.com
Berenberg Joint Broker
Chris Bowman / Marie Stolberg 020 3465 2722
www.berenberg.com
Buchanan PR and Communications
Richard Oldworth / Jamie Hooper / Madeleine
Seacombe 020 7466 5000
www.buchanan.uk.com
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 INITIAL NOTIFICATION
notification/
Amendment
--- ------------------------- ------------------------------
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 ORDINARY SHARES OF 10P EACH
financial
instrument,
type of
instrument GB00B040L800
Identification
code
--- ------------------------- ------------------------------
b) Nature GRANT OF OPTIONS TO PURCHASE
of the ORDINARY SHARES OF 10P EACH
transaction UNDER THE STAFFLINE SAVE AS
YOU EARN SCHEME 2017
--- ------------------------- ------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP9.32 1,931
---------- ----------
--- ------------------------- ------------------------------
d) Aggregated
information NOT APPLICABLE
* Aggregated volume
* Price
--- ------------------------- ------------------------------
e) Date of 26 OCTOBER 2017
the transaction
--- ------------------------- ------------------------------
f) Place OFF MARKET
of the
transaction
--- ------------------------- ------------------------------
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 INITIAL NOTIFICATION
notification/
Amendment
--- ------------------------- ------------------------------
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 ORDINARY SHARES OF 10P EACH
financial
instrument,
type of
instrument GB00B040L800
Identification
code
--- ------------------------- ------------------------------
b) Nature GRANT OF OPTIONS TO PURCHASE
of the ORDINARY SHARES OF 10P EACH
transaction UNDER THE STAFFLINE SAVE AS
YOU EARN SCHEME 2017
--- ------------------------- ------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP9.32 1,931
---------- ----------
--- ------------------------- ------------------------------
d) Aggregated
information NOT APPLICABLE
* Aggregated volume
* Price
--- ------------------------- ------------------------------
e) Date of 26 OCTOBER 2017
the transaction
--- ------------------------- ------------------------------
f) Place OFF MARKET
of the
transaction
--- ------------------------- ------------------------------
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/ INITIAL NOTIFICATION
Amendment
--- ------------------------- --------------------------------------------------------
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 ORDINARY SHARES OF 10P EACH
financial
instrument,
type of
instrument GB00B040L800
Identification
code
--- ------------------------- --------------------------------------------------------
b) Nature GRANT OF OPTIONS TO PURCHASE ORDINARY
of the SHARES OF 10P EACH UNDER THE STAFFLINE
transaction SAVE AS YOU EARN SCHEME 2017
--- ------------------------- --------------------------------------------------------
c) Price(s) PDMR reference PDMR Price(s) Volume(s)
and volume(s) --------------- ------------- --------- ----------
1 J Bladon GBP9.32 1,158
--------------- ------------- --------- ----------
2 P Collins GBP9.32 1,931
--------------- ------------- --------- ----------
3 J Davies GBP9.32 1,931
--------------- ------------- --------- ----------
4 T Elverstone GBP9.32 193
--------------- ------------- --------- ----------
5 L Garner GBP9.32 1,931
--------------- ------------- --------- ----------
6 B Hansford GBP9.32 1,000
--------------- ------------- --------- ----------
7 D Hughes GBP9.32 764
--------------- ------------- --------- ----------
8 M Keegan GBP9.32 579
--------------- ------------- --------- ----------
9 R Lucas GBP9.32 1,931
--------------- ------------- --------- ----------
10 K Rodger GBP9.32 579
--------------- ------------- --------- ----------
11 R Stockall GBP9.32 1,931
--------------- ------------- --------- ----------
12 N Watson GBP9.32 1,931
--------------- ------------- --------- ----------
13 M Watts GBP9.32 1,931
--------------- ------------- --------- ----------
14 S Wistance GBP9.32 1,931
--------------- ------------- --------- ----------
--- ------------------------- --------------------------------------------------------
d) Aggregated
information NOT APPLICABLE
* Aggregated volume
* Price
--- ------------------------- --------------------------------------------------------
e) Date of 26 OCTOBER 2017
the transaction
--- ------------------------- --------------------------------------------------------
f) Place OFF MARKET
of the
transaction
--- ------------------------- --------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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