REG - Microlise Group PLC - Grant of Options
22/12/2023 12:00
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RNS Number : 8125X Microlise Group PLC 22 December 2023
22 December 2023
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 the Company has granted options
(the "Options") over a total of 1,049,226 ordinary shares of £0.001 each in
the capital of the Company ("Ordinary Shares").
Options over a total of 1,049,226 were awarded pursuant to the Company's
Performance Share Plan (the "PSP Options") at an exercise price of £0.001 per
Ordinary Share.
The PSP Options, which are linked to the Company's 2023 financial year will
vest on 31 December 2025, subject to the satisfaction of certain performance
criteria, which comprises a total shareholder return condition and an ESG
condition linked to carbon reduction. See below for further detail:
· The majority (90 per cent.) of the award will vest if the company
achieves compounded annual growth of at least 18 per cent. total shareholder
return in the three years from 1 January 2023 to 31 December 2025 (the
"Performance Period"). An amount of 25 per cent. of the award will vest if the
company achieves compounded annual growth of at least 8 per cent. to total
shareholder return the performance period with straight line vesting between
those points.
· A further 10 per cent. of the award is linked to the achievement of
net zero carbon emissions by 2030. The maximum 10 per cent. of the award will
vest if the Company achieves a 36 per cent. reduction in TC02e / FTE from the
2022 base line year. An amount of 2.5 per cent. of the award will vest if the
Company achieves an 18 per cent. reduction in TC02e / FTE from the base line
year with straight line vesting between those points.
The Options represent, in aggregate, 0.90 per cent. of the existing issued
share capital of the Company. Following the grant of these Options, the
Company has a total of 2,746,457 unvested Options outstanding, equating to
approximately 2.37 per cent. of the existing issued share capital of the
Company.
The grant includes options over an aggregate of 987,170 Ordinary 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 322,642 833,439
Duncan McCreadie Chief Technical Officer 111,698 271,712
Nick Wightman Chief Financial Officer 141,509 283,577
Paul Jurevicius Business Development Director 104,151 253,697
Stephen Watson Product Director 101,887 243,955
Jackie Mitchell Human Resources Director 92,075 223,675
Trevor McGahan Operations Director 113,208 277,708
Total 987,170 2,437,763
The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.
For further information, please contact:
Microlise Group plc
Nadeem Raza, CEO
Nick Wightman,
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 / Molly Gretton / Harry
Handyside
Tel: 020 3757 6880
Email: microlise@secnewgate.co.uk (mailto: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 463 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 670.
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.
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)
£0.001 322,642
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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)
£0.001 111,698
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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 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)
£0.001 141,509
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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)
£0.001 104,151
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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)
£0.001 101,887
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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 92,075
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
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)
£0.001 113,208
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 22/12/2023
f) Place of the transaction Off market
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