Last checked at 7 Mar 2024 09:20
SThree plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them
SThree plc (the "Company") announces that nil-cost performance share awards under the Long Term Incentive Plan ("LTIP") were granted on 6 March 2024 to the PDMRs detailed below:
PDMR | Position | Number of Shares awarded under the LTIP |
Timo Lehne | Chief Executive Officer | 213,915 |
Andrew Beach | Chief Financial Officer | 155,992 |
The awards will vest three years after the grant date, subject to the below performance conditions being met. The shares will be subject to a further two-year post-vest holding period.
Performance targets and target ranges are set out as follows:
LTIP targets | EPS | TSR vs. peer group | Operating Profit Conversion Ratio (OPCR) | ESG |
2024-2026 | Between 50.0 pence (25% vesting) and 61.0 pence (100% vesting). | Between median (25% vesting) and Upper Quartile (100% vesting). | Adjusted operating profit conversion ratio between 18.5% (25% vesting) and 22.0% (100% vesting). | Measuring carbon reduction across scope 1, 2 and 3 emissions. Incremental progress against 2030 milestones 1) Scope 1 and 2 reduction: between threshold 40% (25% vesting) and 50% (100% vesting); and 2) Scope 3 reduction: between threshold 20% (25% vesting) and 25% (100% vesting). |
LTIP weighting | 50% | 20% | 20% | 10% (5% for each measure) |
The relevant notifications are set out below.
1. Details of the person discharging managerial responsibilities / person closely associated | ||
a) Names | Timo Lehne | |
2. Reason for the notification | ||
a) Position/status | Director and Chief Executive Officer | |
b) Initial notification /Amendment | Initial notification | |
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) Name | SThree plc | |
b) LEI | 2138003NEBX5VRP3EX50 | |
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p GB00B0KM9T71 | |
b) Nature of the transaction
| A performance share award granted under the SThree plc Long Term Incentive Plan | |
c) Price(s) and volume(s)
| Price £Nil | Volume(s) 213,915 |
d) Aggregated information - Aggregated volume - Price |
213,915 £Nil | |
e) Date of the transaction | 06/03/2024 | |
f) Place of the transaction | Off market | |
1. Details of the person discharging managerial responsibilities / person closely associated | ||
a) Names | Andrew Beach | |
2. Reason for the notification | ||
a) Position/status | Director and Chief Financial Officer | |
b) Initial notification /Amendment | Initial notification | |
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) Name | SThree plc | |
b) LEI | 2138003NEBX5VRP3EX50 | |
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p GB00B0KM9T71 | |
b) Nature of the transaction
| A performance share award granted under the SThree plc Long Term Incentive Plan | |
c) Price(s) and volume(s)
| Price £Nil | Volume(s) 155,992 |
d) Aggregated information - Aggregated volume - Price |
155,992 £Nil | |
e) Date of the transaction | 06/03/2024 | |
f) Place of the transaction | Off market | |
Enquiries:
Bill Warner
Deputy Company Secretary