REG - Tracsis PLC - Grant of options

TracsisAnnouncement

30/11/2021 07:00

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RNS Number : 9540T  Tracsis PLC  30 November 2021

30 November 2021

Tracsis plc

("Tracsis" or the "Group")

Grant of options

 Tracsis announces that, following a meeting of the Group's remuneration
committee, on 29 November 2021 it granted 27,653 share options to Chris
Barnes, Chief Executive Officer, and 17,597 share options to Andy Kelly, Chief
Financial Officer.

This award is part of Tracsis' Long Term Incentive Plan (LTIP) and is designed
to retain and motivate Executive Directors 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.

Full award is only exercisable should adjusted diluted Earnings Per Share
(EPS) for the year ending 31 July 2024 be at least 47.82p, and Total
Shareholder Return (TSR) versus AIM peer group is in the top quartile.  Where
adjusted diluted EPS for the year ending 31 July 2024 be less than 33.59p, 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 plc can be
summarised as follows:

               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  -                             -                          101,269                                27,653                128,922
 Andy Kelly    -                             -                          21,174                                 17,597                38,771

 

 

 Enquiries:

 Tracsis plc                                                                                                              Tel: 0845 125 9162

 Chris Barnes, CEO
 Andy Kelly, CFO

 finnCap Limited                                                                                                          Tel: 020 7220 0500

 Christopher Raggett/Charlie Beeson, Corporate Finance
 Andrew Burdis/Sunila de Silva, Corporate Broking

 Alma                                                                                                                     Tel: 020 3405 0205
 PR
 David Ison/Hilary Buchanan/Joe Pederzolli                                                                                tracsis@almapr.co.uk

 

 

 

 

Notes to editors:

·      Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytics/GIS services
for the rail, traffic data and wider transport industries.

 

·      Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk, improve operational and asset performance,
improve safety management and decision making capabilities and improve the
overall customer experience for clients and customers.

 

·      The Group is split into two principle operating areas built
around detailed industry knowledge and expertise:

-    Rail Technology & Services:  Software and technology/product led
business. Develops remote condition monitoring hardware, data acquisition
software and safety and risk management software for rail infrastructure
providers. Software that solves complex resource, asset optimisation and
control problems for Train Operators and Smart Ticketing, Delay Repay and
other retail software to improve the customer experience for rail users.

-    Data, Analytics, Consultancy & Events: A largely services led
business that focuses on data capture, data analytics, GIS, data insights,
consultancy and event traffic management within a range of transport and
pedestrian rich environments.  The business provides technology/bespoke
products and data that underpins large scale intelligent transport system and
smart city planning and decision making.

 

·      Tracsis has a blue-chip client base which includes all major UK
transport owning Groups.  The business also works extensively with Network
Rail, Train Operating Groups and Companies, the Department for Transport, TfL,
multiple local authorities, major outdoor music and sporting event organisers,
and a wide variety of large engineering and infrastructure companies.

 

·      The business drives growth both organically and through
acquisition and has made sixteen acquisitions since 2008.

 

For more information on Tracsis please visit http://www.tracsis.com
(http://www.tracsis.com/)

 

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:                                                         Chris Barnes
 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:                                                         Tracsis PLC
 b)    LEI:                                                          2138005I15G3HBN2WD92
 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:  Ordinary shares of 0.4 pence each ("Ordinary Shares")

       Identification code:                                          GB00B28HSF71
 b)    Nature of the transaction:                                    Options granted under the Long Term Incentive Plan (LTIP)
 c)    Price(s) and volume(s):                                       Exercise Price(s)  Volume(s)
                                                                     0.4 pence          27,653

 
 d)    Aggregated information:                                       Single transaction as in 4 c) above

       ·Aggregated volume:

       ·Exercise price:
 e)    Date of the transaction:                                      29/11/2021
 f)    Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

·Aggregated volume:

·Exercise price:

Single transaction as in 4 c) above

 

 

e)

Date of the transaction:

29/11/2021

f)

Place of the transaction:

Outside a trading venue

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Andrew Kelly
 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:                                                         Tracsis PLC
 b)    LEI:                                                          2138005I15G3HBN2WD92
 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:  Ordinary shares of 0.4 pence each ("Ordinary Shares")

       Identification code:                                          GB00B28HSF71
 b)    Nature of the transaction:                                    Options granted under the Long Term Incentive Plan (LTIP)
 c)    Price(s) and volume(s):                                       Exercise Price(s)  Volume(s)
                                                                     0.4 pence          17,597

 
 d)    Aggregated information:                                       Single transaction as in 4 c) above

       ·Aggregated volume:

       ·Exercise price:
 e)    Date of the transaction:                                      29/11/2021
 f)    Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

·Aggregated volume:

·Exercise price:

Single transaction as in 4 c) above

e)

Date of the transaction:

29/11/2021

f)

Place of the transaction:

Outside a trading venue

 

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