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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tracsis Plc | LSE:TRCS | London | Ordinary Share | GB00B28HSF71 | ORD 0.4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
10.00 | 1.10% | 920.00 | 910.00 | 930.00 | 920.00 | 910.00 | 910.00 | 16,335 | 13:48:37 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 82.02M | 6.81M | 0.2277 | 40.40 | 274.98M |
TIDMTRCS
RNS Number : 5528G
Tracsis PLC
02 March 2018
2 March 2018
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis announces that, following a meeting of the Group's remuneration committee on 20 December 2017, it formally granted 44,342 share options on 28(th) February 2018 to John McArthur, Chief Executive 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 2020 be at least 16.87p, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile. Where statutory diluted EPS for the year ending 31 July 2020 be less than 13.87p, 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 John McArthur in Tracsis plc can be summarised as follows:
Ordinary % of issued LTIP Options LTIP Options LTIP Options shares share held prior awarded after of 0.4p capital to this this award held award John McArthur 957,783 3.4% 81,227 44,342 125,569
For more information please contact:
John McArthur/Max Cawthra, Tel: 0845 125 Tracsis plc 9162 Andrew Pinder/Seb Lawrence, Tel: 020 7597 Investec Bank plc 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGMGGFZZNGRZM
(END) Dow Jones Newswires
March 02, 2018 07:12 ET (12:12 GMT)
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