This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).
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(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
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(2) |
An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24. |
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(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
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(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes should in block capital letters.
1. Name of the issuer
SThree plc
2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.4R(1)(a); or
(ii) DTR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 2006; or
(iii) both (i) and (ii)
Both
3. Name of person discharging managerial responsibilities/director
Russell Clements & Gary Elden
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
See 3 above
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
See 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary shares of 1p
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
N/A
8. State the nature of the transaction
Exercise of shares under the Long Term Incentive Plan ("LTIP")
9. Number of shares, debentures or financial instruments relating to shares acquired
|
Director |
Shares Vested |
Shares retained |
% Share of Capital |
|
Russell Clements |
175,959 LTIP shares 27,038 dividend shares on the LTIP |
99,260 |
0.08% |
|
Gary Elden |
95,976 LTIP shares 14,747 dividend shares on the LTIP |
0 |
N/A |
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
See above.
11. Number of shares, debentures or financial instruments relating to shares disposed
|
Director |
Shares Sold |
% Share of Capital |
|
Russell Clements |
103,737 |
0.09% |
|
Gary Elden |
110,723 |
0.09% |
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
See above
13. Price per share or value of transaction
£3.970274
14. Date and place of transaction
London, 7 February 2011
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
|
Russell Clements |
3,862,163 |
3.17% |
|
Gary Elden |
3,386,180 |
2.78 % |
16. Date issuer informed of transaction
7 February 2010
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
N/A
18. Period during which or date on which it can be exercised
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved (class and number)
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A
22. Total number of shares or debentures over which options held following notification
N/A
23. Any additional information
These LTIP shares were subject to performance conditions
Dividend shares are accrued by all participants of the LTIP and are only paid on vested shares as per the scheme rules.
In accordance with the HMRC rules for unapproved options all of the directors are required to sell shares to cover tax at 51%.
24. Name of contact and telephone number for queries
Sian Hoskins, 0207 268 6026
25. Name and signature of duly authorised officer of issuer responsible for making notification
Sian Hoskins, Company Secretarial Assistant, SThree plc
26. Date of notification
8 February 2011
END