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

Aptitude SoftwareAnnouncement

24/11/2022 07:00

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RNS Number : 4075H  Aptitude Software Group PLC  24 November 2022

Aptitude Software Group plc (the "Company")

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

On 22 November 2022 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
 JEREMY SUDDARDS        Executive Director/PDMR (Chief Executive Officer)                            98,300
 PHILIP WOOD            Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial  66,593
                        Officer)
 ALEX CURRAN            PDMR (Regional Chief Executive Officer, North America)                       49,029
 NICK NESBITT           PDMR (Regional Chief Executive Officer, International)                       45,769
 KELVIN LYNCH           PDMR (Chief Operating Officer)                                               31,622
 CHRISTOPHE KASOLOWSKY  PDMR (Chief Product Officer)                                                 39,112
 JENNIFER MEAD          PDMR (Chief People Officer)                                                  40,568

 

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 EPS
at the end of a three year performance period ending with 2024. 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                                                                       16.4 pence
 Between 25% and 100%  Between median and upper quartile                                            Between 16.4 pence and 18.8 pence
 100%                  Upper quartile or above                                                      18.8 pence or more

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 awards granted to Jeremy Suddards and Philip Wood will, ordinarily, vest
on the second anniversary of the date on which the Company's Remuneration
Committee determines the extent to which the TSR performance condition has
been satisfied.  The other awards will, ordinarily, vest on the date on which
the Company's Remuneration Committee determines the extent to which the TSR
performance condition has been satisfied.

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. Jeremy Suddards

                                                                                                      2. Philip Wood

                                                                                                      3. Alex Curran

                                                                                                      4. Nick Nesbitt

                                                                                                      5. Kelvin Lynch

                                                                                                      6. Christophe Kasolowsky

                                                                                                      7. Jennifer Mead
 2.                                      Reason for the notification
 a)                                      Position/status                                              1. Executive Director/PDMR (Chief Executive Officer)

                                                                                                      2. Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial
                                                                                                      Officer)

                                                                                                      3. PDMR (Regional Chief Executive Officer, North America)

                                                                                                      4. PDMR (Regional Chief Executive Officer, International)

                                                                                                      5. PDMR (Chief Operating Officer)

                                                                                                      6. PDMR (Chief Product Officer)

                                                                                                      7. PDMR (Chief People Officer)

 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. 98,300

                                                                                                      2.    n/a      2. 66,593

                                                                                                      3.    n/a      3. 49,029

                                                                                                      4.    n/a      4. 45,769

                                                                                                      5.    n/a      5. 31,622

                                                                                                      6.    n/a      6. 39,112

                                                                                                      7.    n/a      7. 40,568

 
 e)                                      Aggregated information                                       n/a

                                         -     Aggregate volume

                                         -     Price
 f)                                      Date of the transaction                                      22 November 2022
 g)                                      Place of the transaction                                     Outside a trading venue
 Name of authorised official of issuer responsible for making notification:                           Georgina Sharley, Company Secretary, Aptitude Software Group plc

 

e)

Aggregated information

-     Aggregate volume

-     Price

n/a

f)

Date of the transaction

22 November 2022

g)

Place of the transaction

Outside a trading venue

Name of authorised official of issuer responsible for making notification:

Georgina Sharley, Company Secretary, Aptitude Software Group plc

 

Contact:

Georgina Sharley, Company Secretary      Telephone: 020-3687-3200

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