SThree: DSH-Director/PDMR Shareholding*
SThree (STEM)
SThree: DSH-Director/PDMR Shareholding*
09-March-2023 / 16:15 GMT/BST
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 performance share awards under the Long Term Incentive Plan (“LTIP”) were granted on 09 March 2023, for no consideration, to the PDMRs detailed below:
PDMR
Position
Number of Shares awarded under the LTIP
Timo Lehne
Chief Executive Officer
159,164
Andrew Beach
Chief Financial Officer
116,066
The awards will vest three years after grant date, subject to the performance conditions being met. The net shares released are then subject to a further two-year holding period.
Performance targets and target ranges are set out as follows:
LTIP targets
EPS
TSR vs. peer group
Strategic
ESG
2023-2023
Between 55.8 pence
(25% vesting) and 69.0
pence (100% vesting).
Between median (25%
vesting) and UQ (100%
vesting).
Adjusted operating
profit conversion ratio
between 20.0% (25%
vesting) and 23.5%
(100% vesting).
One single measure of carbon reduction across scope 1, 2 and 3 emissions.
Incremental progress against 2030
milestones
1) Scope 1 and 2 reduction: between threshold 35% (25% vesting) and 45% (100% vesting).
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)
159,164
d) Aggregated information
- Aggregated volume
- Price
159,164
£Nil
e) Date of the transaction
09/03/2023
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)
116,066
d) Aggregated information
- Aggregated volume
- Price
116,066
£Nil
e) Date of the transaction
09/03/2023
f) Place of the transaction
Off market
Enquiries:
Bill Warner
Deputy Company Secretary
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: GB00B0KM9T71 Category Code: DSH TIDM: STEM LEI Code: 2138003NEBX5VRP3EX50 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 228826 EQS News ID: 1579141
End of Announcement EQS News Service