Tracsis PLC Grant of Options (7691V)

TIDMTRCS

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     % of issued     LTIP Options   LTIP Options   LTIP Options 
                  shares of    share capital    held prior       awarded      after this 
                  0.4p held                       to this                        award 
                                                   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 plc                                          Tel: [phone] 
 Chris Barnes, CEO 
 Andy Kelly, CFO 
 
 Cavendish Capital Markets Limited                    Tel: [phone] 
 Jonny Franklin-Adams/Giles Balleny/Charlie Beeson, 
  Corporate Finance 
 Andrew Burdis/Sunila de Silva, Corporate Broking 
 
 Alma PR                                              Tel: [phone] 
 David Ison/Rebecca Sanders-Hewett/Joe Pederzolli     [e-mail] 
 
 

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

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           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       36,671 
                                                           ---------- 
     -------------------------------------  -------------------------------- 
 d)   Aggregated information:                Single transaction as in 
       --Aggregated volume:                   4 c) above 
       --Exercise price: 
     -------------------------------------  -------------------------------- 
 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           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       25,043 
                                                           ---------- 
     -------------------------------------  -------------------------------- 
 d)   Aggregated information:                Single transaction as in 
       --Aggregated volume:                   4 c) above 
       --Exercise price: 
     -------------------------------------  -------------------------------- 
 e)   Date of the transaction:               04/12/2023 
     -------------------------------------  -------------------------------- 
 f)   Place of the transaction:              Outside a trading venue 
     -------------------------------------  -------------------------------- 
 

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December 06, 2023 02:00 ET (07:00 GMT)