REG - Tracsis PLC - Grant of Options

TracsisAnnouncement

06/12/2023 07:00

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RNS Number : 7691V  Tracsis PLC  06 December 2023

6 December 2023

 

Tracsis plc

("Tracsis" or "the Group")

 

Grant of Options

 

Tracsis, a leading transport technology provider, announces that following a
meeting of the Group's remuneration committee, on 4 December 2023 it granted a
total of 122,579 share options to Executive Directors and senior managers of
the Company (the "Share Options"). Of the total Share Options, 36,671 were
granted to Chris Barnes, Chief Executive Officer, and 25,043 were granted to
Andy Kelly, Chief Financial Officer.

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.

Full award is only exercisable should adjusted diluted Earnings Per Share
(EPS) for the year ending 31 July 2026 be at least 58.00p, and Total
Shareholder Return (TSR) versus AIM peer group is in the top quartile.  Where
adjusted diluted EPS for the year ending 31 July 2026 is less than 48.00p, 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:

 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  21,125                        0.07%                      102,254                                36,671                138,925
 Andy Kelly    -                             -                          61,786                                 25,043                86,829

 

Following the grant of Share Options, there is a total of 854,387 options
outstanding, representing approximately 2.8% of the current issued share
capital of the Company

 

 Enquiries:

 Tracsis                                                                                                                                                                                                                                                                                                                       Tel: 0845 125 9162
 plc
 Chris Barnes, CEO
 Andy Kelly, CFO

 Cavendish Capital Markets Limited                                                                                                                                                                                                                                                                                             Tel: 020 7220 0500
 Jonny Franklin-Adams/Giles Balleny/Charlie Beeson, Corporate Finance
 Andrew Burdis/Sunila de Silva, Corporate Broking

 Alma                                                                                                                                                                                                                                                                                                                          Tel: 020 3405 0205
 PR
 David Ison/Rebecca Sanders-Hewett/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 end-user experience for clients and customers.

 

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

 

-    Rail Technology & Services:  A 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
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
systems, 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          36,671

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

       ·Aggregated volume:

       ·Exercise price:

 e)    Date of the transaction:                                      04/12/2023
 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:

04/12/2023

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          25,043

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

       ·Aggregated volume:

       ·Exercise price:

 e)    Date of the transaction:                                      04/12/2023
 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:

04/12/2023

f)

Place of the transaction:

Outside a trading venue

 

 

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