Exercise of Options under SAYE Scheme
Staffline Group plc announced that awards under its 2022 Save As You Earn (SAYE) scheme vested on December 1, 2025, leading to the exercise of an aggregate of 222,296 SAYE 2022 share options by Persons Discharging Managerial Responsibilities (PDMRs). The Chief Executive Officer, Albert Ellis, and Chief Financial Officer, Daniel Quint, each exercised 60,080 options, while Martina McKenzie and Frank Atkinson exercised 60,080 and 42,056 options respectively. These options were granted in October 2022 with an exercise price of 29.96p, a 20% discount to the market price at that time. Following these exercises, Albert Ellis's notifiable interest is 1.0% and Daniel Quint's is 0.8% of the company's issued share capital.
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Staffline (AIM: STAF), the recruitment group, announces that awards under the Staffline Save As You Earn 2022 Scheme vested on 1 December 2025 including certain Persons Discharging Managerial Responsibilities ("PDMRs") in respect of an aggregate 222,296 SAYE 2022 share options (the "SAYE 2022 Options"). All of the SAYE 2022 Options that vested have been immediately exercised by the PDMRs listed below.
Upon the exercise of the SAYE 2022 Options, 222,296 ordinary shares of 10p each ("Ordinary Shares") will be transferred to the following PDMRs by the Trustee of the Staffline Employee Benefit Trust (the "EBT").
| PDMR | Position | Total SAYE 2022 Options e xercised |
|---|---|---|
| Albert Ellis | Chief Executive Officer | 60,080 |
| Daniel Quint | Chief Financial Officer | 60,080 |
| Martina McKenzie | Managing Director, Recruitment Ireland | 60,080 |
| Frank Atkinson | Managing Director, Recruitment GB | 42,056 |
The scheme was open to all permanent employees in the UK, giving them the opportunity to participate in the future growth of the Group. Eligible employees were invited to subscribe for options in Staffline's Ordinary Shares with an exercise price of 29.96p, a 20% discount to the closing middle market price of 37.45p on the trading day before the invitation to participate was made on 12 October 2022. The options had a contract start date of 1 December 2022 and are exercisable between 1 December 2025 and 31 May 2026.
The notifiable interest of Albert Ellis and Daniel Quint is now 1,291,472 and 1,005,503 Ordinary Shares, respectively, representing 1.0% and 0.8% of the issued share capital of the Company.
Recruitment GB
The Recruitment GB business is a leading provider of flexible blue-collar workers, supplying up to c.35,000 staff per day on average from around 400 sites, across a wide range of industries including supermarkets, drinks, driving, food processing, logistics and manufacturing.
Recruitment Ireland
The Recruitment Ireland business is a leading end to end solutions provider operating across multiple industries, ten branch locations and ten onsite customer locations, supplying c.4,500 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across public and private sectors throughout the island of Ireland.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Albert Ellis |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Executive Officer |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Staffline Group plc |
| b. | LEI | 213800BVLF1BCOJUH828 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 10p each ISIN: GB00B040L800 |
| b. | Nature of the transaction | Exercise of SAYE 2022 Options over Ordinary Shares and transfer of Ordinary Shares by Staffline Employee Benefit Trust |
| c. | Price(s) and volume(s) | Price(s) Vesting of SAYE 2022 Options Volume(s) N/A 60,080 |
| d. | Aggregated information - Aggregated Volume - Price | N/A - single transaction |
| f. | Place of the transaction | Outside a trading venue |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Daniel Quint |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Financial Officer |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Staffline Group plc |
| b. | LEI | 213800BVLF1BCOJUH828 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 10p each ISIN: GB00B040L800 |
| b. | Nature of the transaction | Exercise of SAYE 2022 Options over Ordinary Shares and transfer of Ordinary Shares by Staffline Employee Benefit Trust |
| c. | Price(s) and volume(s) | Price(s) Vesting of SAYE 2022 Options Volume(s) N/A 60,080 |
| d. | Aggregated information - Aggregated Volume - Price | N/A - single transaction |
| f. | Place of the transaction | Outside a trading venue |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Martina McKenzie |
| 2 | Reason for notification | Managing Director, Recruitment Ireland |
| a. | Position/Status | |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Staffline Group plc |
| b. | LEI | 213800BVLF1BCOJUH828 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 10p each ISIN: GB00B040L800 |
| b. | Nature of the transaction | Exercise of SAYE 2022 Options over Ordinary Shares and transfer of Ordinary Shares by Staffline Employee Benefit Trust |
| c. | Price(s) and volume(s) | Price(s) Vesting of SAYE 2022 Options Volume(s) N/A 60,080 |
| d. | Aggregated information - Aggregated Volume - Price | N/A - single transaction |
| f. | Place of the transaction | Outside a trading venue |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Frank Atkinson |
| 2 | Reason for notification | Managing Director, Recruitment GB |
| a. | Position/Status | |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Staffline Group plc |
| b. | LEI | 213800BVLF1BCOJUH828 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 10p each ISIN: GB00B040L800 |
| b. | Nature of the transaction | Exercise of SAYE 2022 Options over Ordinary Shares and transfer of Ordinary Shares by Staffline Employee Benefit Trust |
| c. | Price(s) and volume(s) | Price(s) Vesting of SAYE 2022 Options Volume(s) N/A 42,056 |
| d. | Aggregated information - Aggregated Volume - Price | N/A - single transaction |
| f. | Place of the transaction | Outside a trading venue |
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