TIDMTRCS
RNS Number : 3807O
Tracsis PLC
09 February 2021
9 February 2021
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis announces that, following a meeting of the Group's
remuneration committee, on 5 February 2021 it granted 13,482 share
options to Andrew 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 statutory diluted Earnings
Per Share (EPS) for the year ending 31 July 2023 be at least
23.78p, and Total Shareholder Return (TSR) versus AIM peer group is
in the top quartile. Where statutory diluted EPS for the year
ending 31 July 2023 be less than 20.78p, 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 Andrew Kelly in Tracsis plc can be
summarised as follows:
Ordinary % of issued LTIP Options LTIP Options LTIP Options
shares of share capital held prior awarded after this
0.4p held to this award
award
Andrew Kelly - - 7,692 13,482 21,174
------------ ---------------- ------------- ------------- -------------
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
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, Corporate Broking
Alma PR Tel: 020 3405 0205
Rebecca Sanders-Hewett/David Ison/Helena Bogle/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 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, the Department for Transport, regional transport
authorities, 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 fourteen acquisitions since 2008.
-- For more information on Tracsis please visit 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: 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 Ordinary shares of 0.4 pence
instrument, type of instrument: 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): E xercise Volume(s)
Price(s)
0.4 pence 13,482
----------
------------------------------------ ---------------------------------
d) Aggregated information: Single transaction as in 4
--Aggregated volume: c) above
--Exercise price:
------------------------------------ ---------------------------------
e) Date of the transaction: 05/02/2021
------------------------------------ ---------------------------------
f) Place of the transaction: Outside a trading venue
------------------------------------ ---------------------------------
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END
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