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: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
Cavendish Capital Markets Limited Tel: 020 7220 0500
Jonny Franklin-Adams/Giles Balleny/Charlie Beeson,
Corporate Finance
Andrew Burdis/Sunila de Silva, Corporate Broking
Alma PR Tel: 020 3405 0205
David Ison/Rebecca Sanders-Hewett/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 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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END
DSHGZMGZVKVGFZM
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