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SThree PLC
Remuneration Information • Mar 9, 2023
4842_dirs_2023-03-09_a5d901a1-5638-43a9-8f32-e96d030b3359.html
Remuneration Information
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National Storage Mechanism | Additional information
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 |