Hays Regulatory News (HAS)

23 Sep 2011 15:34

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Hays plc (the "Company")

In accordance with DTR 3.1.4(R)(1)(a) the Company hereby notifies you of the following changes in the interests of directors and persons discharging managerial responsibility ("PDMRs") arising out of the grant of conditional awards of Ordinary shares in the Company ("Shares") under the Performance Share Plan.

PERFORMANCE SHARE PLAN ("PSP")

Today, 23 September 2011, the following conditional awards of Shares were granted for nil consideration to PDMRs under the rules of the PSP. The number of Shares under award was calculated by reference to the price of 70.9 pence per Share, being the closing middle market price on 22 September 2011. The number of Shares stated below is the maximum number of Shares available to each PDMR on satisfaction in full of the applicable performance conditions.

DIRECTOR NUMBER OF SHARESNAME OR PDMR UNDER PSP AWARDAlistair Cox Director & PDMR 1,601,657Paul Venables Director & PDMR 1,154,795Tim Cook PDMR 479,407Nick Cox PDMR 552,572James Cullens PDMR 418,392Sholto Douglas-Home PDMR 348,660Nigel Heap PDMR 846,789Royston Hoggarth PDMR 550,070Stephen Weston PDMR 479,407Alison Yapp PDMR 387,588TOTAL SHARES 6,819,337

The vesting of one-half of the Shares under award will depend on the Company's total shareholder return performance relative to a sector peer group, measured over the three-year period to 30 June 2014. Vesting of this tranche will also be dependent on the Remuneration Committee being satisfied with the financial performance of the Company over the three-year period. The vesting of the remaining one-half of the Shares under award will depend on achievement of a target based on the Group's cumulative Earnings per Share ("EPS") performance over the three financial years from 1 July 2011 to 30 June 2014. The lower and upper EPS growth range for the first year of the cycle, from 1 July 2011 to 30 June 2012, will be based on external consensus forecasts for that year (being a range of +/- 4% around the consensus forecast EPS of 6.22p per share). The EPS growth for the remaining two years of the cycle from 1 July 2012 to 30 June 2014 will require additional growth of between RPI+4% and RPI+12% per annum to achieve threshold and maximum vesting respectively. This approach was adopted following discussion with major shareholders in 2010. Further information will be set out in the Company's 2011 Remuneration Report to be published in September 2011.

For further information in respect of this announcement please contact Neil Tsappis, Deputy Company Secretary, Hays plc on +44 (0) 20 7383 2266.

23 September 2011