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Last checked at 
30 Dec 2020 11:00
30 December 2020
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis announces that, following a meeting of the Group's remuneration committee, on 29 December 2020 it granted 40,891 share options on to Chris Barnes, Chief Executive 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 statutory diluted Earnings Per Share (EPS) for the year ending 31 July 2023 be at least 23.78p, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile. Where statutory diluted EPS for the year ending 31 July 2023 be less than 20.78p, 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 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 | - | - | 60,378 | 40,891 | 101,269 |
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405 0205
Rebecca Sanders-Hewett/David Ison/Helena Bogle/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 analytic services for the rail, traffic data and wider transport industries.
· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk and improve operational and asset performance, safety management and decision making capabilities 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 led business supported by consultancy. Develops remote condition monitoring hardware and safety, productivity improvement, risk management and data acquisition software for rail infrastructure providers and software that solves complex resource, asset optimisation and control problems for Train Operators.
- Traffic & Data Services: A largely services led business that focuses on data capture, data analytics, data insights and event traffic management within transport and pedestrian rich environments. The business provides technology 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, the Department of 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 fourteen 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: | 29/12/2020 | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
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