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LONDON - Staffline Group plc (AIM:STAF) has granted nil cost options over 3,197,156 ordinary shares to executives and senior employees under its long-term incentive plan, according to a press release statement issued Thursday.
The recruitment group awarded Chief Executive Officer Albert Ellis options for 1,026,995 shares, while Chief Financial Officer Daniel Quint received options for 840,269 shares. Martina McKenzie, Managing Director of Recruitment Ireland, and Frank Atkinson, Managing Director of Recruitment GB, were each granted options for 333,440 shares.
The options, representing 2.52% of Staffline’s issued share capital, will vest from June 26, 2028, and remain exercisable until June 26, 2035. Vesting is contingent on the company meeting specific financial performance criteria for the financial year ending December 31, 2027.
For executive directors and senior employees, the awards are subject to sliding scale Group EPS (earnings per share) targets for fiscal year 2027.
The board indicated it intends to satisfy the exercise of options through purchases of ordinary shares by the Employee Benefit Trust to limit dilution for existing shareholders.
The company stated that the incentive plan aims to retain and motivate executive directors and senior employees while aligning their interests with those of shareholders.
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