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 10 March 2025 to the PDMRs detailed below:
| PDMR |
Position |
Number of Shares awarded under the LTIP |
| Timo Lehne |
Chief Executive Officer |
307,867 |
| Andrew Beach |
Chief Financial Officer |
224,505 |
The awards will vest three years after the grant date. The shares will be subject to a two-year post-vest holding period.
Performance targets and target ranges are set out in the Company's 2024 Directors' Remuneration Report (DRR), except for the ESG metric which comprises 10% of the award. The ESG metric measures carbon reduction across scope 1, 2, and 3 emissions in FY27. 5% of the award will be based on achieving Scope 1 and 2 tCO2e of between 2,717 and 2,348 for 25% vesting and 100% vesting; the remaining 5% of the award will be based on achieving scope 3 tCO2e of between 16,206 and 14,662 for 25% vesting and 100% vesting. Vesting will be on a straight line basis either side of a target number within this range.
As noted in the DRR, the Committee has reviewed the share price used to determine the number of shares in the award, and has determined that it is appropriate to grant at the normal policy level of 150% of salary. The Committee will review the share price on vesting to consider whether a scale-back would be appropriate, if in its view there is a windfall benefit caused by a strong recovery in the share price unconnected to company performance.
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) 307,867 |
| d) Aggregated information - Aggregated volume - Price |
307,867 £Nil |
|
| e) Date of the transaction |
10/03/2025 |
|
| 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) 224,505 |
| d) Aggregated information - Aggregated volume - Price |
224,505 £Nil |
|
| e) Date of the transaction |
10/03/2025 |
|
| f) Place of the transaction |
Off market |
|
Enquiries:
Bill Warner
Deputy Company Secretary