Aptitude Software Group PLC Award of Options (3727R)
October 29 2019 - 3:00AM
UK Regulatory
TIDMAPTD
RNS Number : 3727R
Aptitude Software Group PLC
29 October 2019
29 October 2019
Aptitude Software Group plc (the "Company")
Grant of awards under the Company's Performance Share Plan 2016
("PSP")
On 28 October 2019 Aptitude Software Group plc granted awards in
the form of options over ordinary shares in the Company ("Ordinary
Shares") under the PSP to the following Directors and PDMRs. Each
option has an exercise price per Ordinary Share equal to the
nominal value of an Ordinary Share.
Director/ PDMR Role Number of Ordinary
Shares over which
award granted
Executive Director/PDMR
(Chief Executive Officer
JEREMY SUDDARDS Designate) 85,179
------------------------------ -------------------
Executive Director/PDMR
(Deputy Chief Executive
Officer and Chief Financial
PHILIP WOOD Officer) 62,606
------------------------------ -------------------
CHRIS WADE PDMR (Chief Product Officer) 23,918
------------------------------ -------------------
CLARE GROOM PDMR (Chief People Officer) 14,211
------------------------------ -------------------
PDMR (Vice President, North
ALEX CURRAN America) 19,909
------------------------------ -------------------
Each award has been granted subject to performance conditions
based on targets relating to growth in Earnings Per Share over a
performance period of three financial years starting with 2019 (as
regards 50% of each award) and the Company's Total Shareholder
Return ("TSR") over the same performance period relative to the
TSRs of the constituents of the FTSE SmallCap Index (excluding
investment trusts) (as regards 50% of each award), as set out
below.
EPS element
Annual compound growth in Percentage of the EPS element
EPS that vests
19% 25%
------------------------------
Greater than 19% but less Determined on a straight-line
than 23% basis between 25% and 100%
------------------------------
23% or greater than 23% 100%
------------------------------
TSR element
Rank of the Company's TSR Percentage of the TSR element
against the Comparator Group that vests
Median 25%
------------------------------
Between upper quartile and Determined on a straight-line
median basis between 25% and 100%
------------------------------
Upper quartile or above 100%
------------------------------
Each award is subject to a further performance condition that
the extent of vesting reflects the overall financial performance of
the Company over the performance period.
The awards granted to Jeremy Suddards and Philip Wood will,
ordinarily, vest on the second anniversary of the date on which the
Company's Remuneration Committee determines the extent to which the
performance conditions have been satisfied. The other awards will,
ordinarily, vest on the date on which the Company's Remuneration
Committee determines the extent to which the performance conditions
have been satisfied.
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name
1. Jeremy Suddards
2. Philip Wood
3. Chris Wade
4. Clare Groom
5. Alex Curran
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status 1. Executive Director/PDMR (Chief
Executive Officer Designate)
2. Executive Director/PDMR (Deputy
Chief Executive Officer and
Chief Financial Officer)
3. PDMR (Chief Product Officer)
4. PDMR (Chief People Officer)
5. PDMR (Vice President, North
America)
-------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Aptitude Software Group plc
-------------------------------- -----------------------------------------
b) LEI 2138009VHA1WI2VKMA28
-------------------------------- -----------------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 7 1/3 pence each
-------------------------------- -----------------------------------------
b) Identification code ISIN: GB00BJV2F804
-------------------------------- -----------------------------------------
c) Nature of the transaction Grant of options under Performance
Share Plan 2016
-------------------------------- -----------------------------------------
d) Price(s) and volume(s) Price Number of Ordinary
Shares over which
Options have
been granted
1. n/a 1. 85,179
2. n/a 2. 62,606
3. n/a 3. 23,918
4. n/a 4. 14,211
5. n/a 5. 19,909
-------------------
-------------------------------- -----------------------------------------
e) Aggregated information n/a
* Aggregate volume
* Price
-------------------------------- -----------------------------------------
f) Date of the transaction 28 October 2019
-------------------------------- -----------------------------------------
g) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------------
Name of authorised official of Georgina Sharley, Company Secretary,
issuer responsible for making Aptitude Software Group plc
notification:
-----------------------------------------
Name of contact: GEORGINA SHARLEY, COMPANY SECRETARY
Address of contact: APTITUDE SOFTWARE GROUP PLC, OLD CHANGE
HOUSE, 128 QUEEN VICTORIA STREET, LONDON, EC4V 4BJ
Telephone number of contact: 020-3880-7100
www.aptitudesoftware.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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