REG - Aptitude Software - Grant of awards under 2016 Performance Share Plan

Aptitude SoftwareAnnouncement

19/09/2025 14:15

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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  EPS Performance Condition (diluted EPS for the final year of the performance
                       Group)                                                                       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      1.    126,507

                                                                                                      2.    n/a      2.    72,711

                                                                                                      3.    n/a      3.   42,348
 e)                                      Aggregated information                                       n/a

                                         -     Aggregate volume

                                         -     Price
 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

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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