Business
Grant of Options under SAYE Scheme
Grant of Options under SAYE Scheme.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \n \n 9 November 2022\n \n \n Staffline Group plc\n \n \n (\"Staffline\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Grant of Options under SAYE Scheme\n \n \n \n \n \n \n Staffline Group Plc, the recruitment and training group, announces the grant of options to employees as part of its Save As You Earn (\"SAYE\") share scheme for 2022. The scheme is open to all permanent employees in the UK, giving them the opportunity to participate in the future growth of the Group via share option arrangements.\n \n \n \n \n \n Eligible employees were invited to subscribe for options over Staffline's ordinary shares of 10p each (\"Ordinary Shares\") with an exercise price of 29.96p, a 20% discount to the closing middle market price of\n 37.45\n p on the trading day before the invitation to participate was made on 12 October 2022. The options have a contract start date of 1 December 2022 and are exercisable between 1 December 2025 and 31 May 2026.\n \n \n \n \n \n A total of 196 employees elected to participate, and, pursuant to these elections, a total of \n 3,277,333\n options over Ordinary Shares were granted on 8 November 2022, equating to 1.98% of the current issued share capital of 165,767,728 shares.\n \n \n \n \n \n Options totalling\n 222,296\n shares were granted to the following employees who are regarded as a Person Discharging Managerial Responsibilities (\"PDMR\"):\n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n Role\n \n \n \n \n Division\n \n \n \n \n Shares under option in SAYE *\n \n \n \n \n \n \n Albert Ellis \n \n \n \n \n Chief Executive Officer\n \n \n \n \n Staffline Group plc\n \n \n \n \n 60,080\n \n \n \n \n \n \n Daniel Quint\n \n \n \n \n Chief Financial Officer\n \n \n \n \n Staffline Group plc\n \n \n \n \n 60,080\n \n \n \n \n \n \n Frank Atkinson\n \n \n \n \n Managing Director\n \n \n \n \n Recruitment GB\n \n \n \n \n 42,056\n \n \n \n \n \n \n Martina McKenzie\n \n \n \n \n Managing Director\n \n \n \n \n Recruitment Ireland\n \n \n \n \n 60,080\n \n \n \n \n \n \n \n \n \n \n \n \n *\n \n \n Each PDMR listed above is forfeiting options held under the SAYE scheme for 2021.\n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Staffline Group plc\n \n \n \n \n www.staf...