10th Mar 2026 16:12
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 9 March 2026 to the PDMRs detailed below:
PDMR | Position | Number of Shares awarded under the LTIP |
Timo Lehne | Chief Executive Officer | 439,381 |
Andrew Beach | Chief Financial Officer | 320,408 |
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 2025 Directors' Remuneration Report (DRR), except for the ESG metric which comprises 10% of the award. The ESG metric measures Consultant Retention and Consultant Productivity (5% each). Consultant Retention measures improvements in SL1 churn (0-24 months tenure) against the P12 FY25 baseline. Consultant Productivity measures deals per head (contract only) to be measured for the full year FY28 against the FY25 baseline. Current consultant churn and productivity metrics and future targets are considered to be commercially sensitive at this time but will be disclosed retrospectively in the relevant 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) 439,381 |
d) Aggregated information - Aggregated volume - Price |
439,381 £Nil | |
e) Date of the transaction | 09/03/2026 | |
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) 320,408 |
d) Aggregated information - Aggregated volume - Price |
320,408 £Nil | |
e) Date of the transaction | 09/03/2026 | |
f) Place of the transaction | Off market | |
As noted in the DRR, following the testing of performance conditions and application of Committee discretion the LTIP 2023-2025 payout was reduced to zero and the awards granted to Timo Lehne and Andrew Beach on 9 March 2023 have accordingly lapsed.
Enquiries:
Bill Warner
Deputy Company Secretary
Related Shares:
SThree