Aptitude Software - Grant of awards under 2016 Performance Share Plan

Aptitude Software

19/09/2025 14:03

RNS Number : 1086A

Aptitude Software Group PLC

19 September 2025

 

Aptitude Software Group plc (the "Company")

Grant of awards under the Company's Performance Share Plan 2016 ("PSP")

On 18 September 2025 Aptitude Software Group plc granted awards in the form of options over ordinary shares in the Company ("Ordinary Shares") under the PSP to the following Directors and PDMRs. Each option has an exercise price per Ordinary Share equal to the nominal value of an Ordinary Share.

Director/ PDMR
Role
Number of Ordinary Shares over which award granted
Alexandra Curran
Executive Director/PDMR (Chief Executive Officer)
126,507
Paul Tassinari
Chief Client Experience Officer
72,711
Barbara Zając
SVP, People and Culture
42,348

Each award has been granted subject to a performance condition based on the Company's Total Shareholder Return ("TSR") over the three year performance period starting on the date of grant relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) and the Company's diluted earnings per share ("EPS") at the end of a three year performance period ending with 2026. The TSR performance condition accounts for 75% of each award and the EPS performance condition for 25% of each award. Details of the performance conditions are set out below. 

Vesting
TSR Performance Condition (Rank of the Company's TSR against the Comparator Group)
EPS Performance Condition (diluted EPS for the final year of the performance period)
25%
Median
16.98 pence
Between 25% and 100%
Between median and upper quartile
Greater than 16.98 pence but less than 19.53 pence
100%
Upper quartile or above
19.53 pence or greater

Each award is subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the performance period.

The extent to which the Awards vest will be determined following the end of the TSR performance period. The awards granted to Alex Curran will be subject to a two-year holding period following assessment of performance. No other awards will be subject to a holding period.

The 2025 award to Alex Curran have been made at 125% of salary, in line with the Remuneration Policy approved by shareholders at the 2025 AGM (including, in line with the commitment in the 2022 Directors' Remuneration Report, not utilising the additional headroom for PSP grants approved in that new Policy). The Remuneration Committee will consider the vesting outturns determined by reference to the performance conditions and retains discretion in relation to the total level of reward arising from the 2025 award having regard to overall Company performance, the wider stakeholder experience, and the outcome of prior year PSP schemes.

The following notifications have been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018:

 

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
1. Alexandra Curran
2. Paul Tassinari
3. Barbara Zajac
2.
Reason for the notification
a)
Position/status
1. Executive Director/PDMR (Chief Executive Officer)
2. PDMR (Chief Client Experience Officer)
3. PDMR (SVP, People and Culture)
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Aptitude Software Group plc
b)
LEI
2138009VHA1WI2VKMA28
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
Options over Ordinary Shares of 7 1/3 pence each
b)
Identification code
ISIN: GB00BJV2F804
c)
Nature of the transaction
Grant of options under Performance Share Plan 2016
d)
Price(s) and volume(s)
Price
Number of Ordinary Shares over which Options have been granted
1. n/a
2. n/a
3. n/a
1. 126,507
2. 72,711
3. 42,348
e)
Aggregated information
- Aggregate volume
- Price
n/a
f)
Date of the transaction
18 September 2025
g)
Place of the transaction
Outside a trading venue
Name of authorised official of issuer responsible for making notification:
Simon Kelly, Company Secretary, Aptitude Software Group plc

 

Contact:

Simon Kelly, Company Secretary      Telephone: 020-3687-3200

 

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