REG - Tracsis PLC - Grant of Options

TracsisAnnouncement

07/12/2022 07:16

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RNS Number : 8061I  Tracsis PLC  07 December 2022

7 December 2022

Tracsis plc

("Tracsis" or the "Group")

Grant of options

 

Tracsis, a leading provider of software, hardware, data analytics/GIS and
services for the rail, traffic data and wider transport industries, announces
that following a meeting of the Group's remuneration committee, on 6 December
2022 it granted 33,710 share options to Chris Barnes, Chief Executive Officer,
and 23,015 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 2025 be at least 54.90p, and Total
Shareholder Return (TSR) versus AIM peer group is in the top quartile.  Where
adjusted diluted EPS for the year ending 31 July 2025 is less than 43.00p, 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  11,083                        0.03%                      107,505                                33,710                141,215
 Andy Kelly    -                             -                          38,771                                 23,015                61,786

 

 

 Enquiries:

 Tracsis plc                                                                                                              Tel: 0845 125 9162

 Chris Barnes, CEO
 Andy Kelly, CFO

 finnCap Ltd                                                                                                              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 analytic/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 principal operating areas built around
detailed industry knowledge and expertise:

 

-    Rail Technology & Services:  Software, technology and product led
business. It develops and supplies 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. It also develops remote condition monitoring
hardware, data acquisition software and safety and risk management software
solutions for rail infrastructure providers.

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

 

·   Tracsis has a blue-chip client base which includes all major UK
transport owning Groups, Network Rail, Passenger and Freight Train Operating
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. In North America our clients include
Class 1 rail freight companies, transit operators, shortline railroads and
several large rail served ports and industrials.

 

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

 

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

 

The notifications set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation.

 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          33,710

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

       ·Aggregated volume:

       ·Exercise price:
 e)    Date of the transaction:                                      06/12/2022
 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:

06/12/2022

f)

Place of the transaction:

Outside a trading venue

 

 

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Andy 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          23,015

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

       ·Aggregated volume:

       ·Exercise price:
 e)    Date of the transaction:                                      06/12/2022
 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:

06/12/2022

f)

Place of the transaction:

Outside a trading venue

 

 

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