REG - Microlise Group PLC - Grant of Options
01/08/2022 07:16
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RNS Number : 3455U Microlise Group PLC 01 August 2022
1 August 2022
Microlise Group plc
("Microlise", "the Group" or "the Company")
Grant of Options
Microlise Group plc (AIM: SAAS), a leading provider of transport management
software to fleet operators, announces that, on 28 July 2022, the Company
granted options (the "Options") over a total of 1,015,320 ordinary shares of
£0.001 each in the capital of the Company ("Ordinary Shares").
Options over a total of 973,811 were awarded to pursuant to the Company's
Performance Share Plan (the "PSP Options") at an exercise price of £0.001 per
Ordinary Share.
The PSP Options will, subject to the satisfaction of the performance criteria,
which comprises a total shareholder return condition, vest on the third
anniversary of the date of the grant of the Options. For the maximum award to
vest an 18 per cent. compound annual growth total shareholder return needs to
be achieved. An amount of 25 per cent. of the award vests at an 8 per cent.
compound annual growth total shareholder return with straight line vesting
between those points.
In addition, options over 41,509 Ordinary Shares were awarded to Lucy
Sharman-Munday, Non-Executive Director, which vest on the third anniversary of
the date of the grant of the Options subject to her continued employment by
the Company.
The Options represent, in aggregate, 0.88% of the existing issued share
capital of the Company. Following the grant of these Options, the Company has
a total of 2,071,095 unvested Options outstanding, equating to approximately
1.79% of the existing issued share capital of the Company.
The grant includes options over an aggregate of 962,264 Shares to persons
discharging managerial responsibilities ("PDMRs") of the Company, which are in
line with the Group's remuneration policy and are subject to typical holding,
malus and clawback provisions. The resultant Option holdings of the PDMRs are
as follows:
PDMR Role Number of Options granted Resultant number Of Options held
Nadeem Raza Chief Executive Officer 283,019 560,797
Bill Wynn Chief Financial Officer 188,679 373,864
Duncan McCreadie Chief Technical Officer 80,755 160,014
Lucy Sharman-Munday Non-Executive Director 41,509 41,509
Nick Wightman Finance Director 71,698 142,068
Paul Jurevicius Business Development Director 75,472 149,546
Stephen Watson Product Director 71,698 142,068
Jackie Mitchell Human Resources Director 66,415 131,600
Trevor McGahan Operations Director 83,019 164,500
The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.
Notification and public disclosure
of transactions by persons discharging managerial
responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nadeem Raza
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 283,019
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bill Wynn
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 188,679
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Duncan McCreadie
2 Reason for the notification
a) Position/status Chief Technical Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 80,755
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lucy Sharman-Munday
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 41,509
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nick Wightman
2 Reason for the notification
a) Position/status Finance Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 71,698
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Jurevicius
2 Reason for the notification
a) Position/status Business Development Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 75,472
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stephen Watson
2 Reason for the notification
a) Position/status Product Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 71,698
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jackie Mitchell
2 Reason for the notification
a) Position/status Human Resources Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 66,415
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Trevor McGahan
2 Reason for the notification
a) Position/status Operations Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Microlise Group plc
b) LEI 213800JRGXV9OET1LW32
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 £0.001 pence each
Identification code GB00BLR8L223
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Exercise Price(s) Volume(s)
£0.001 83,019
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 28/07/2022
f) Place of the transaction Off market
For further information, please contact:
Microlise Group plc
Nadeem Raza, CEO
Bill Wynn, CFO
C/O SEC
Newgate
Singer Capital Markets (Nominated Adviser & Broker)
Steve Pearce / James Moat / Harry Gooden
Tel: 020 7496 3000
SEC Newgate (Financial PR)
Bob Huxford / Robin Tozer /Isabelle Smurfit
Tel: 020 3757 6880
Email: microlise@secnewgate.co.uk
About Microlise
Microlise Group Plc is a leading provider of transport management software to
fleet operators helping them to improve efficiency, safety, and reduce
emissions. These improvements are delivered through reduced fuel use, reduced
mileage travelled, improved driver performance, fewer accidents, elimination
of paperwork and delivery of an enhanced customer experience.
Established in 1982, Microlise is an award-winning business with over 400
enterprise clients. With 350 employees based at the Group's headquarters in
Nottingham in the UK, the Company also has offices in France, Australia, and
India, with a total global staff base of over 600.
Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS)
and qualifies for the London Stock Exchange's Green Economy Mark.
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