7 December 2022
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis, a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, announces that following a meeting of the Group's remuneration committee, on 6 December 2022 it granted 33,710 share options to Chris Barnes, Chief Executive Officer, and 23,015 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 2025 be at least 54.90p, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile. Where adjusted diluted EPS for the year ending 31 July 2025 is less than 43.00p, 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:
| | Ordinary shares of 0.4p held | % of issued share capital | LTIP Options held prior to this award | LTIP Options awarded | LTIP Options after this award |
| Chris Barnes | 11,083 | 0.03% | 107,505 | 33,710 | 141,215 |
| Andy Kelly | - | - | 38,771 | 23,015 | 61,786 |
| Enquiries:
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| Tracsis plc | Tel: 0845 125 9162 |
| Chris Barnes, CEO | |
| Andy Kelly, CFO | |
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| finnCap Ltd | Tel: 020 7220 0500 |
| Christopher Raggett/Charlie Beeson, Corporate Finance | |
| Andrew Burdis/Sunila de Silva, Corporate Broking | |
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| Alma PR | Tel: 020 3405 0205 |
| David Ison/Hilary Buchanan/Joe Pederzolli | tracsis@almapr.co.uk |
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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 principal operating areas built around detailed industry knowledge and expertise:
- Rail Technology & Services: 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 solutions 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 system, 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 instrument, type of instrument: Identification code: | Ordinary shares of 0.4 pence each ("Ordinary Shares") GB00B28HSF71 | ||||
| b) | Nature of the transaction: | Options granted under the Long Term Incentive Plan (LTIP) | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: ·Aggregated volume: ·Exercise price: | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction: | 06/12/2022 | ||||
| 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 instrument, type of instrument: Identification code: | Ordinary shares of 0.4 pence each ("Ordinary Shares") GB00B28HSF71 | ||||
| b) | Nature of the transaction: | Options granted under the Long Term Incentive Plan (LTIP) | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: ·Aggregated volume: ·Exercise price: | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction: | 06/12/2022 | ||||
| f) | Place of the transaction: | Outside a trading venue | ||||
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