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Issue of Options

Dillistone Group Plc
("Dillistone", the "Company" or the "Group")
Issue of Options 

Dillistone Group Plc, the AIM quoted supplier of software and services to recruiters, announces the grant on 16 June 2022 of options over 570,000 Ordinary Shares of 5p each in Dillistone (the “Options”) to certain of its Directors and other members of staff.

Options over 500,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to five Directors under the Company’s LTIP scheme with an exercise price of 22.5p per share. Details of the grants to Directors are set out below.  The remuneration committee has approved the grant of options and the thresholds which are challenging.

  Status LTIP option grant at 22.5p No. Options held post Grant including Savings Related Share Options Current Shareholding in Company
Jason Starr Director 100,000 150,000 3,577,591
Simon Warburton Director 100,000 166,250 77,290
Paul Mather Director 100,000 217,500* 82,177
Steve Hammond Director 100,000 191,250 0
Ian Mackin Director 100,000 131,250 0
Total   500,000 856,250 3,737,058

* Paul Mather’s interest includes options over 51,250 shares granted to his spouse as an employee.

In addition, options over 70,000 Ordinary Shares with an exercise price of 22.5p per share were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.

Following this grant, the Company has 1,819,725 Ordinary Shares under option, representing 9.25% of the current issued share capital of the Company.

Commenting on the grant, Giles Fearnley, Non Executive Chairman at Dillistone said:
“This grant of options is to incentivise staff as the Group focuses on returning to profitability and continued growth in our Talentis product.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Jason Starr  Chief Executive via Walbrook PR
Ian Mackin Finance Director via Walbrook PR
Chris Fielding  WH Ireland Limited (Nominated Adviser) 020 7220 1650

Tom Cooper/Nick Rome

Walbrook PR

020 7933 8780
dillistone@walbrookpr.com

Notes to Editors:

Dillistone Group Plc is a global leader in the supply of technology solutions and test & train services to the recruitment sector worldwide, in both contingency recruitment and executive search markets.

Dillistone trades through the Ikiru People (www.IkiruPeople.com) brand, selling into recruitment, staffing and executive search businesses, as well as corporate talent acquisition teams around the world.

Ikiru People provides the platforms its clients need to test and train candidates, support further development, enhance the recruitment process, and source the best talent. Operating in more than 50 countries over six continents and working with thousands of users, the Group boasts more than 30 years in the market and 100's of years of collective experience.

The Group develops, markets and supports the Talentis, FileFinder, Infinity, Mid-Office, ISV and GatedTalent products.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.

Learn about our products:

Talentis Software:                  https://www.talentis.global/recruitment-software/

Voyager Software:                 https://www.voyagersoftware.com

GatedTalent Services:            https://www.talentis.global/optimization-services/

 1. Details of the person discharging managerial responsibilities/person closely associated
a) Name:
1) Jason Starr
2) Simon Warburton
3) Paul Mather
4) Steve Hammond
5) Ian Mackin
2. Reason for the notification
a) Position/status:
1) Chief Executive Officer
2) Chief Technology Officer
3) Chief Operating Officer
4) Group Engineering Officer
5) Interim Finance Director
b) Initial notification/Amendment:  Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name: Dillistone Group Plc
b) LEI: 213800E9K3JGQ46ZS753
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 5 pence each

ISIN Code: GB00B13QQB40

b) Nature of the transaction: Grant of Options over Ordinary Shares
c) Price(s) and volume(s): 
Price(s) Volume(s)
1) 100,000
2) 100,000
3) 100,000
4) 100,000
5) 100,000
d)
Aggregated information:
• Aggregated volume:
• Price:
 
e) Date of the transaction: 16 June 2022
f) Place of the transaction: Outside a trading venue