Business
Grant of Options under 2017 Share Scheme
Grant of Options under 2017 Share Scheme.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \nRNS Number : 7604U Staffline Group PLC 27 October 2017 \n\nFor immediate release 27 October 2017\n \n \nSTAFFLINE GROUP PLC\n(\"Staffline\" or \"the Group\")\n \nGrant of Options under 2017 Share Scheme\nStaffline, 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.\nEligible 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. \nA 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.\nAndy 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 ...