REG - 1Spatial Plc - Employee Share Awards and PDMR Dealings

1SpatialAnnouncement

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RNS Number : 4333L  1Spatial Plc  12 December 2025

12 December 2025

1SPATIAL PLC

("1Spatial", the "Company" or the "Group")

Employee Share Awards and PDMR Dealings

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, announces that it has today granted LTIP awards
under its employee share plan (consisting of either a contingent right or a
nil-cost option to acquire ordinary shares for no consideration) over
1,313,973 ordinary shares of 10p each in the Company ("Ordinary Shares") (the
"LTIP Awards").

 

The Company initially intended to grant the LTIP Awards, in the ordinary
course, following publication of the Company's FY25 results. However, the
grant of the LTIP Awards were initially delayed due to the existence of inside
information relating to ongoing material contract negotiations and
subsequently due to the potential offer for the Company by VertiGIS Ltd
("Possible Offer") that was announced earlier today and the publication of its
interim results.

 

As a consequence, the Board has today granted the LTIP Awards to certain
senior employees and this includes awards to Claire Milverton, the Company's
Chief Executive Officer and Stuart Ritchie, the Company's Chief Financial
Officer as follows:

 

 Director                                    No. of LTIP Awards
 Claire Milverton (Chief Executive Officer)  180,000
 Stuart Ritchie (Chief Financial Officer)    130,000

 

The LTIP Awards will vest subject to the achievement of an agreed set of
performance targets established by the Remuneration committee as at the date
of the award:

 

·    25 per cent of the shares vest subject to the achievement of a
revenue target for the year ending 31 January 2029 ("2029 Revenue").

 

·    25 per cent of the shares vest subject to the achievement of an
EBITDA target for the year ending 31 January 2029 ("2029 EBITDA").

 

·    50 per cent of the shares vest subject to the achievement of a share
price target which will be calculated against the average closing mid-price
for the 20 trading days following the Company's Annual General Meeting in 2029
("2029 Share Price").

 

Following vesting, the LTIP Awards will be subject to an additional one-year
holding period (before the award can be exercised or the shares otherwise be
released).

 

In the event of the Possible Offer or a takeover of the Company by another
third party completing and consistent with previous LTIP grants either by way
of a contractual takeover offer becoming wholly unconditional or a scheme of
arrangement becoming effective, the LTIP Awards would vest in full, provided
that the award holder continues to be an employee at that time.

 

For further information, please contact:

 1Spatial plc                                                          01223 420 414
 Claire Milverton / Stuart Ritchie

 Panmure Liberum (Nomad and Broker)                                    020 3100 2000
 Edward Mansfield / Rupert Dearden / Gaya Bhatt

 Cavendish (Joint Broker)                                              020 7220 0500
 Jonny Franklin-Adams / Edward Whiley / Rory Sale (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 Alma Strategic Communications                                         020 3405 0205
 Caroline Forde / Hannah Campbell / Rose Docherty                      1spatial@almastrategic.com

 

About 1Spatial plc

1Spatial is a global leader in Location Master Data Management ('LMDM')
software and solutions. Our global clients include national mapping and land
management agencies, utility companies, transportation organisations,
government, public safety and defence departments.

Our user-friendly, no-code, cloud-enabled solutions and business applications
facilitate automated data governance, while delivering increased efficiencies
and significant cost-savings - contributing to a safer, smarter and more
sustainable world.

Our patented rules engine powers a cutting-edge software platform, as well as
a suite of proprietary business applications and SaaS products, including
1Streetworks which revolutionises traffic management in the UK.

1Spatial plc is AIM quoted, with operations in the UK, Ireland, USA, France,
Belgium, Tunisia, and Australia.

www.1spatial.com (http://www.1spatial.com)

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Claire Milverton
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         1Spatial plc
 b)   LEI                                                          213800VG7OZYQES6PN67
 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  LTIP Awards over ordinary shares of 10 pence each

      Identification code

                                                                   GB00BFZ45C84

 b)   Nature of the transaction                                     LTIP Awards

 c)   Price(s) and volume(s)                                       Price                        Volume

      NIL                                                                                       180,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2025

 f)   Place of the transaction                                     Off-market transaction

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Stuart Ritchie
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         1Spatial plc
 b)   LEI                                                          213800VG7OZYQES6PN67
 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  LTIP Awards over ordinary shares of 10 pence each

      Identification code

                                                                   GB00BFZ45C84

 b)   Nature of the transaction                                     LTIP Awards

 c)   Price(s) and volume(s)                                       Price                        Volume

      NIL                                                                                       130,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2025

 f)   Place of the transaction                                     Off-market transaction

 

 

 

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