REG - Microlise Group PLC - Grant of Options
11/03/2024 07:00
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RNS Number : 2458G Microlise Group PLC 11 March 2024
11(th) March 2024
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 1,430,342 ordinary shares of £0.001 each in
the capital of the Company ("Ordinary Shares").
Options over a total of 1,430,342 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 2024 financial year will
vest on 31(st) December 2026, subject to the satisfaction of the performance
criteria, which comprises a total shareholder return condition and an ESG
condition linked to carbon reduction. See below for further detail:
· The vesting of 90 per cent. of such award (the "Relative TSR Award")
is based on the Company's total shareholder return ("TSR") performance over a
three year period from 1 January 2024 relative to the TSR performance of the
constituents of the FTSE AIM All Share Index over the same period. One quarter
of the Relative TSR Award will vest for median ranking performance, rising on
a straight-line basis to three quarters vesting of the Relative TSR Award for
upper quartile ranking relative TSR performance. The final quarter of the
Relative TSR Award will vest, rising on a straight line basis between upper
quartile ranking relative TSR performance and the highest ranking relative TSR
performance.
· The vesting of 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 PSP Options represent, in aggregate, 1.22 per cent. of the existing issued
share capital of the Company. Following the grant of these PSP Options, the
Company has a total of 5,318,858 unvested Options outstanding, equating to
approximately 4.39 per cent. of the existing issued share capital of the
Company.
The grant includes options over an aggregate of 1,356,847 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 382,116 1,265,555
Nick Wightman Chief Financial Officer 167,595 451,172
Shenny Remtulla Strategy & M&A Director 187,706 187,706
Trevor McGahan Operations Director 134,076 411,784
Duncan McCreadie Chief Technical Officer 132,288 404,000
Paul Jurevicius Business Development Director 123,350 377,047
Stephen Watson Product Director 120,668 364,623
Jackie Mitchell Human Resources Director 109,048 332,723
Total 1,356,847 3,794,610
For further information, please contact:
Microlise Group plc C/O SEC Newgate
Nadeem Raza, CEO
Nick Wightman, CFO
Singer Capital Markets (Nominated Adviser & Broker) Tel: 020 7496 3000
Steve Pearce / James Moat / Harry Gooden
SEC Newgate (Financial PR) Tel: 020 3757 6880
Bob Huxford / Molly Gretton / Harry Handyside 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 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)
£0.001 382,116
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Shenny Remtulla
2 Reason for the notification
a) Position/status Strategy & M&A 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)
£0.001 187,706
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
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)
£0.001 167,595
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
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)
£0.001 134,076
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
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)
£0.001 132,288
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Jurevicious
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)
£0.001 123,350
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
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)
£0.001 120,668
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
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 Resource 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)
£0.001 109,048
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 07/03/2024
f) Place of the transaction Off market
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