Tracsis PLC Grant of Options (3807O)

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: [phone]

Chris Barnes, CEO

Andy Kelly, CFO

finnCap Ltd Tel: [phone]

Christopher Raggett/Charlie Beeson, Corporate Finance

Andrew Burdis, Corporate Broking

Alma PR Tel: [phone]

Rebecca Sanders-Hewett/David Ison/Helena Bogle/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 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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February 09, 2021 02:00 ET (07:00 GMT)