TIDMTRCS
RNS Number : 9540T
Tracsis PLC
30 November 2021
30 November 2021
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis announces that, following a meeting of the Group's
remuneration committee, on 29 November 2021 it granted 27,653 share
options to Chris Barnes, Chief Executive Officer, and 17,597 share
options to Andy 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 adjusted diluted Earnings
Per Share (EPS) for the year ending 31 July 2024 be at least
47.82p, and Total Shareholder Return (TSR) versus AIM peer group is
in the top quartile. Where adjusted diluted EPS for the year ending
31 July 2024 be less than 33.59p, 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:
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 - - 101,269 27,653 128,922
Andy Kelly - - 21,174 17,597 38,771
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Limited Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate
Finance
Andrew Burdis/Sunila de Silva, Corporate
Broking
Alma PR Tel: 020 3405 0205
David Ison/Hilary Buchanan/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 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, Train Operating Groups and 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.
-- The business drives growth both organically and through
acquisition and has made sixteen acquisitions since 2008.
For more information on Tracsis please visit
http://www.tracsis.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 27,653
----------
------------------------------------ ---------------------------------
d) Aggregated information: Single transaction as in 4 c)
--Aggregated volume: above
--Exercise price:
------------------------------------ ---------------------------------
e) Date of the transaction: 29/11/2021
------------------------------------ ---------------------------------
f) Place of the transaction: Outside a trading venue
------------------------------------ ---------------------------------
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 17,597
------------------------------------ ---------------------------------
d) Aggregated information: Single transaction as in 4
--Aggregated volume: c) above
--Exercise price:
------------------------------------ ---------------------------------
e) Date of the transaction: 29/11/2021
------------------------------------ ---------------------------------
f) Place of the transaction: Outside a trading venue
------------------------------------ ---------------------------------
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END
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