REG - Tracsis PLC - Award of Options

TracsisAnnouncement

23/01/2025 12:00

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RNS Number : 4874U  Tracsis PLC  23 January 2025

23 January 2025

Tracsis plc

("Tracsis", "the Group" or "the Company")

Award of Options

 

Tracsis, a leading transport technology provider, announces that following a
meeting of the Group's Remuneration Committee, on 22 January 2025 it awarded
82,774 share options to Chris Barnes, Chief Executive Officer and PDMR of the
Company and 57,046 share options to Andy Kelly, Chief Financial Officer and
PDMR of the Company.

In addition to the above, authority was provided to the Executive Directors to
award share options to other senior managers who are not PDMRs of the Company,
resulting in a total award not exceeding 319,000 shares (including those
awarded to the Executive Directors).

Subject to performance conditions and vesting, these options will become
exercisable on 1 December 2027.

This award is part of Tracsis' Long Term Incentive Plan (LTIP) and is designed
to retain and motivate the senior leadership team whilst at the same time
setting challenging performance targets that are specifically aligned with the
Group's strategic goals and shareholder interests.

The options awarded have an exercise price of 0.4p and are directly linked to
performance targets based on Group profitability and Total Shareholder Return
relative to an AIM peer group determined by Tracsis' Remuneration Committee.

The full award is only exercisable should the compound annual growth rate for
adjusted diluted Earnings Per Share (EPS) for the year ending 31 July 2027
compared with the same measure for the year ending 31 July 2024 be at least
27%, and Total Shareholder Return (TSR) versus AIM peer group is in the top
quartile. Where the compound annual growth rate for adjusted diluted EPS for
the year ending 31 July 2027 compared with the same measure for the year
ending 31 July 2024 is less than 17%, and TSR versus the peer group is less
than the median, no options will be exercisable. For scenarios between the
above range, the options will be exercisable on a straight line sliding scale
basis.

The resulting interests of Chris Barnes and Andy Kelly in Tracsis can be
summarised as follows:

 

 Director      Ordinary shares of 0.4p held  % of issued share capital  LTIP Options held prior to this award  LTIP Options awarded  LTIP Options after this award
 Chris Barnes  44,305                        0.15%                      70,371                                 82,774                153,145
 Andy Kelly    12,996                        0.04%                      48,058                                 57,046                105,104

 

Following the award, there are a total of 841,715 options outstanding,
representing approximately 2.8% of the current issued share capital of the
Company

 

 Tracsis plc                                                              +44 (0)845 125 9162

 Jan Mitson

 Group Company Secretary

 Berenberg (Nominated Adviser, Corporate Broker & Financial Adviser)      +44 (0)20 3207 7800

 Mark Whitmore / Richard Andrews / Mollie D'Arcy Rice

 James Thompson (QE)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

Transaction Details - Chris Barnes

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Chris Barnes
 1.    Reason for the notification
 a)    Position/status:                                              Chief Executive Officer
 b)    Initial notification/Amendment:                               Initial notification
 2.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                         Tracsis plc
 b)    LEI:                                                          2138005I15G3HBN2WD92
 3.    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:  Ordinary Shares of 0.4 pence each

       Identification code:                                          GB00B28HSF71
 b)    Nature of the transaction:                                    Award of LTIP options
 c)    Price(s) and volume(s):

Price(s)   Volume(s)
                                                                     0.4 pence  82,774

 
 d)    Aggregated information:

       · Aggregated volume:                                          As above

       · Price:
 e)    Date of the transaction:                                      22 January 2025
 f)    Place of the transaction:                                     Away from a trading venue

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

22 January 2025

f)

Place of the transaction:

Away from a trading venue

 

 

Transaction Details - Andy Kelly

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Andy Kelly
 1.    Reason for the notification
 a)    Position/status:                                              Chief Financial Officer
 b)    Initial notification/Amendment:                               Initial notification
 2.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name:                                                         Tracsis plc
 b)    LEI:                                                          2138005I15G3HBN2WD92
 3.    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:  Ordinary Shares of 0.4 pence each

       Identification code:                                          GB00B28HSF71
 b)    Nature of the transaction:                                    Award of LTIP options
 c)    Price(s) and volume(s):

Price(s)   Volume(s)
                                                                     0.4 pence  57,046

 
 d)    Aggregated information:

       · Aggregated volume:                                          As above

       · Price:
 e)    Date of the transaction:                                      22 January 2025
 f)    Place of the transaction:                                     Away from a trading venue

 

d)

Aggregated information:

· Aggregated volume:

· Price:

 

As above

e)

Date of the transaction:

22 January 2025

f)

Place of the transaction:

Away from a trading venue

 

 

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