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Last checked at 
23 May 2023 18:10
APTITUDE SOFTWARE GROUP PLC
(the "Company" or the "Group")
Director/PDMR Shareholding
Aptitude Software Group plc announces that Performance Share Plan awards granted on 30 August 2018 to Philip Wood, Deputy Chief Executive Officer, were exercised on 19 May 2023.
The awards were subject to a three year performance period ended 31 December 2020 and a further two year holding period. The vesting rate of these awards was determined by the Remuneration Committee on 4 May 2021, as confirmed in the Group's Directors' Remuneration Report for the year ended 31 December 2021. The awards included an entitlement to receive dividend equivalent shares during the two year holding period.
Certain shares arising from the exercise of these awards have been sold by Philip Wood, as detailed below. Philip Wood's current shareholding has increased from 217,352 to 227,004, which represents 0.40% of the Company's total voting rights. As previously announced, Philip will be stepping down from the Board in July 2023.
Director and role | Performance Share Plan awards exercised | Dividend equivalent shares | Total number of awards exercised and sold |
Philip Wood - Deputy Chief Executive Officer / PDMR | 13,246 | 397 | 3,991 |
The issue of ordinary shares resulting from the exercise of these awards was satisfied through the transfer of shares from the Company's Employee Benefit Trust.
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 | Philip Wood | ||||||||||
2. | Reason for the notification | |||||||||||
a) | Position/status | Director (Deputy 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 | 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 instrument, type of instrument
| Ordinary Shares of 7 1/3 pence each | ||||||||||
b) | Identification code | ISIN: GB00BJV2F804 | ||||||||||
c) | Nature of the transaction | 1. Exercise of options under Performance Share Plan 2016, including dividend equivalent shares. 2. Sale of shares following the exercise of options, including dividend equivalent shares. | ||||||||||
d) | Price(s) and volume(s)
| 1. Exercise of options:
2. Sale of shares following exercise of options:
| ||||||||||
e) | Aggregated information - Aggregate volume - Price |
1. Exercise of options: n/a 2. Sale of shares following exercise of options: Aggregate volume: 3,991 Price: £3.64 | ||||||||||
f) | Date of the transaction | 1. Exercise of options: 19 May 2023 2. Sale of 3,991 shares following exercise of options: 22 May 2023 | ||||||||||
g) | Place of the transaction | 1. Outside a trading venue 2. London Stock Exchange (XLON) | ||||||||||
Name of authorised official of issuer responsible for making notification: | Georgina Sharley, Company Secretary, Aptitude Software Group plc | |||||||||||
Contacts
Georgina Sharley Company Secretary +44 (0)20 3687 3200
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