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

1SpatialAnnouncement

13/03/2024 07:00

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RNS Number : 5993G  1Spatial Plc  13 March 2024

13 March 2024

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
(consisting of either a contingent right or a nil-cost option to acquire
Ordinary Shares for no consideration) over 555,000 ordinary shares of 10p each
in the Company ("Ordinary Shares") (the "LTIP Awards").  In addition, the
Company has granted 120,000 options to certain senior employees.

 

The LTIP Awards have been granted to certain senior employees and include an
initial award to Stuart Ritchie, the Company's Chief Financial Officer:

 

 Director                                  No. of LTIP Awards
 Stuart Ritchie (Chief Financial Officer)  300,000

 

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 2027 ("2027 Revenue").

 

·    25 per cent of the shares vest subject to the achievement of an
EBITDA target for the year ending 31 January 2027 ("2027 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 2027
("2027 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 a takeover of the Company completing, 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

 Liberum (Nomad and Broker)                   020 3100 2000
 Max Jones / Edward Mansfield / Anake Singh

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

 

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management
(LMDM) software, solutions and business applications, primarily to the
Government, Utilities and Transport sectors via the 1Spatial platform. Our
solutions ensure data governance, facilitating the efficient, effective and
sustainable operation of customers around the world. Our global clients
include national mapping and land management agencies, utility companies,
transportation organisations, government and defence departments.

Today, when using and sharing trusted data provides significant opportunities
for businesses and governments to deliver against important sustainability and
Net Zero goals, our vision is clear - to make the world safer, smarter and
more sustainable by unlocking the value in data, enabling better decisions and
greater insights.

The 1Spatial platform is a comprehensive set of data and system agnostic LMDM
software components which helps ensure master data is compliant, current,
complete, consistent, and coordinated - and that customers can be confident it
will remain that way as it evolves. It allows them to master their data on any
device, anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.

Our domain expertise and data agnostic approach allows us to be an integral
and important part of the Geospatial Ecosystem, supporting the wider digital
economy.  We partner with major technology consultancies and GIS providers
such as ESRI and bring together our people, innovative solutions, industry
knowledge and experience from our extensive customer base to deliver world
class solutions.

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, 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                                                         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                                                                                       300,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      12 March 2024

 f)   Place of the transaction                                     Off-market transaction

 

 

 

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