Last checked at 31 Jul 2015 17:17
For Immediate Release | 31 July 2015 |
STAFFLINE GROUP PLC
("Staffline" or "the Group")
Director's Dealings
The Company has today been notified of the sale of 306,863 ordinary shares in the Company ("Ordinary Shares") by Andy Hogarth, Chief Executive of the Company, at a price of 1400 pence per Ordinary Share. The Ordinary Shares sold were held under the Staffline Group Joint Share Ownership Plan ("JSOP") which was established in 2010 for the purpose of incentivising the executive Directors and key senior managers to achieve certain earnings per share targets over a five year period.
The beneficial interest in Ordinary Shares held under the JSOP ("JSOP Shares") is jointly held between the relevant Director or senior manager and an Employee Benefit Trust ("EBT"). On sale of a JSOP Share, the participant is entitled to the sale proceeds in excess of a threshold amount which was determined when the awards under the JSOP were made in 2010. The EBT is entitled to the balance of the sale proceeds.
Following this transaction, Andy Hogarth's interest in Ordinary Shares in the Company remains unchanged.
For further information, please contact: | |
Staffline Group plc | 0115 950 0885 |
Andy Hogarth, Chief Executive | 07931 175775 |
Phillip Ledgard, Finance Director | 07432 554437 |
www.staffline.co.uk | |
Liberum Capital Limited | 020 3100 2222 |
Steve Pearce / Steve Tredget / Richard Bootle
| |
Buchanan | 020 7466 5000 |
Sophie McNulty / Gabriella Clinkard
| staffline@buchanan.uk.com |
About Staffline
Staffline is a leading outsourcing organisation providing Staffing services to industry, supplying up to 36,000 workers every day to more than 1,300 clients. The Group is also a leading provider of services in to the Government funded Welfare to Work and Skills arena across the UK.
The business comprises two key areas:
Staffing Services
Specialising in providing complete labour solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors, the Staffing business operates from well over 300 locations in the UK, Eire and Poland.
The Staffing brands include:
· Staffline OnSite, based on clients' premises and providing both blue and white collar, out-sourced, temporary workforces
· Select Appointments, a high street branch-based operation providing white collar office staff, operated entirely on a franchised basis by independent business owners
· Staffline Express, a high street branch based operation
· Driving Plus, providing HGV drivers to the logistics industry
· Staffline Agriculture, providing workers to the UK farming and growing sectors
Employability, Skills and Justice
PeoplePlus is one of the largest Prime Contractors of the Work Programme in the UK. Our Employability, Skills and Justice division has over 150 locations nationwide. Contracts include:
· Work Programme, prime contractor in nine regions in England and four sub-contracted regions
· Steps to Success, prime contractor in Northern Ireland
· Skills Funding Agency - managing the Offenders Learning and Skills Service ("OLASS 4")
· The Money Advice Service ("TMAS")
· Independent Living Services
· New Enterprise Allowance scheme - supporting people to become self-employed
· Suffolk County Council MyGo centre supporting youth employment
· Ministry of Justice Transforming Rehabilitation in Warwickshire and West Mercia
The Group also operates in the Kingdom of Saudi Arabia and Australia and provides grade 2 Ofsted training services in the UK through:
· Elpis, a national training consultancy,
· Learning Plus, an e-learning platform
· Skillspoint, a procurement consultancy specialising in helping employers benefit from government
funded, work-based training