REG - Microlise Group PLC - Grant of Options
20/06/2025 13:45
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RNS Number : 8215N Microlise Group PLC 20 June 2025
20 June 2025
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 1,452,472 ordinary shares of £0.001 each in
the capital of the Company ("Ordinary Shares") to certain of its persons
discharging managerial responsibilities ("PDMRs") (the "PSP Options").
The 2025 PSP Options, which are linked to the Company's 2025 financial year
will vest on 31 December 2027, subject to the satisfaction of the performance
criteria. The PSP Options may be exercised for seven years after vesting at a
price of £0.001 per Ordinary Share.
The grant of the PSP Options is in line with the Group's remuneration policy
and is 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 403,044 1,390,821
Nick Wightman Chief Financial Officer 190,280 571,082
Trevor McGahan Operations Director 141,419 471,722
Duncan McCreadie Chief Technical Officer 139,484 464,225
Stephen Watson Product Director 127,277 421,530
Shenny Remtulla Strategy & M&A Director 197,986 385,692
Jackie Mitchell Human Resources Director 117,068 384,606
Mike Blackburn Chief Revenue Officer 135,914 135,914
Total 1,452,472 4,225,592
The performance criteria that apply to the awards are set out below. Once the
first threshold has been exceeded, options will vest on a straight-line basis
between the target thresholds.
· The vesting of 45 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 2025 relative to the TSR performance of the
constituents of the FTSE AIM All Share Index over the same period:
Relative TSR Performance % of Relative TSR Award options vesting
50(th) percentile 25%
75th percentile 75%
100(th) percentile 100%
· The vesting of 45 per cent. of such award (the "EPS Award") is based
on the Company's adjusted diluted earnings per share ("EPS") growth over a
three-year period from 1 January 2025:
EPS for the year ending 31 December 2027 % of Relative EPS options vesting
10.3p 30%
12.0p 50%
13.8p 100%
· The vesting of 10 per cent. of such award (the "ESG Award") is linked
to the achievement of net zero carbon emissions by 2030.
Reduction in TC02e / Average Number of Employees from the 2022 base line year % of Relative TSR Award options vesting
51.8% 25%
62.5% 100%
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
James Moat / Sam Butcher
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)
£0.001 403,044
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 190,280
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 141,419
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 139,484
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 127,277
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 197,986
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
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)
£0.001 117,068
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mike Blackburn
2 Reason for the notification
a) Position/status Chief Revenue 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)
£0.001 135,914
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 19 June 2025
f) Place of the transaction Off market
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