Business
Grant of Options under 2025 LTIP
Grant of Options under 2025 LTIP.
About this update from Staffline Group Plc
[{"type":"text","content":"\n\n26 June 2025\nStaffline Group plc\n(\"Staffline\", the \"Company\" or the \"Group\")\n2025 Grant of Options under Long-Term Incentive Plan (\"2025 LTIP\")\nStaffline, the recruitment group, announces that on 26 June 2025, under the terms of the Company's long term incentive plan 2021 (the \"LTIP\"), the Board has approved the award of and granted nil cost options (the \"Options\") over 3,197,156 ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") to certain employees, including persons discharging managerial responsibilities (\"PDMRs\"), as set out below.\nThe Board believes it is key that the Group retains and incentivises Executive Directors and senior employees to drive the business forward, whilst aligning their interests with those of shareholders. The Group intends to continue to fully satisfy the exercise of the Options through purchases of Ordinary Shares by the Employee Benefit Trust in order to limit the level of dilution experienced by existing shareholders.\nThe vesting of the Options is subject to the Company achieving certain financial performance criteria for the financial year ending 31 December 2027. For the Executive Directors and relevant senior employees the 2025 Awards will vest subject to sliding scale Group EPS targets in respect of the year ending 31 December 2027 (\"FY27\").\nThe Options will vest from 26 June 2028 (the \"Vesting Period\") and will be exercisable until 26 June 2035.\nThe Options awarded to PDMRs are set out in the table below.\n\n\n\n\nDirector/ PDMR\n\n\nPosition\n\n\nOptions granted\n\n\n\n\nAlbert Ellis\n\n\nChief Executive Officer\n\n\n1,026,995\n\n\n\n\nDaniel Quint\n\n\nChief Financial Officer\n\n\n840,269\n\n\n\n\nMartina McKenzie\n\n\nMD Recruitment Ireland\n\n\n333,440\n\n\n\n\nFrank Atkinson\n\n\nMD Recruitment GB\n\n\n333,440\n\n\n\n\n \nFollowing the grant, the total number of Options over Ordinary Shares under the 2025 LTIP is 3,197,156 representing 2.52% of the Company's issued share capital.\nFor further information, please contact: \n\n\n\n\nStaffline Group plc\nwww.stafflinegroupplc.co.uk\nAlbert Ellis, Chief Executive Officer\nDaniel Quint, Chief Financial Officer\n\n\nvia Vigo Consulting\n\n\n\n\n \n\n\n\n\n\n\n\nPanmure Liberum (Nominated Adviser and Broker)\nwww.panmureliberum.com\nNick How / Satbir Kler\n\n\n020 3100 2...