1 August 2022
Microlise Group plc
("Microlise", "the Group" or "the Company")
Grant of Options
Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces that, on 28 July 2022, the Company granted options (the "Options") over a total of 1,015,320 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares").
Options over a total of 973,811 were awarded to pursuant to the Company's Performance Share Plan (the "PSP Options") at an exercise price of £0.001 per Ordinary Share.
The PSP Options will, subject to the satisfaction of the performance criteria, which comprises a total shareholder return condition, vest on the third anniversary of the date of the grant of the Options. For the maximum award to vest an 18 per cent. compound annual growth total shareholder return needs to be achieved. An amount of 25 per cent. of the award vests at an 8 per cent. compound annual growth total shareholder return with straight line vesting between those points.
In addition, options over 41,509 Ordinary Shares were awarded to Lucy Sharman-Munday, Non-Executive Director, which vest on the third anniversary of the date of the grant of the Options subject to her continued employment by the Company.
The Options represent, in aggregate, 0.88% of the existing issued share capital of the Company. Following the grant of these Options, the Company has a total of 2,071,095 unvested Options outstanding, equating to approximately 1.79% of the existing issued share capital of the Company.
The grant includes options over an aggregate of 962,264 Shares to persons discharging managerial responsibilities ("PDMRs") of the Company, which are in line with the Group's remuneration policy and are subject to typical holding, malus and clawback provisions. The resultant Option holdings of the PDMRs are as follows:
| PDMR | Role | Number of Options granted | Resultant number Of Options held |
| Nadeem Raza | Chief Executive Officer | 283,019 | 560,797 |
| Bill Wynn | Chief Financial Officer | 188,679 | 373,864 |
| Duncan McCreadie | Chief Technical Officer | 80,755 | 160,014 |
| Lucy Sharman-Munday | Non-Executive Director | 41,509 | 41,509 |
| Nick Wightman | Finance Director | 71,698 | 142,068 |
| Paul Jurevicius | Business Development Director | 75,472 | 149,546 |
| Stephen Watson | Product Director | 71,698 | 142,068 |
| Jackie Mitchell | Human Resources Director | 66,415 | 131,600 |
| Trevor McGahan | Operations Director | 83,019 | 164,500 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Nadeem Raza | |||
| 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
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 283,019 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Bill Wynn | |||
| 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
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 188,679 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Duncan McCreadie | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Chief Technical Officer | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 80,755 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Lucy Sharman-Munday | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 41,509 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Nick Wightman | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Finance Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 71,698 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Paul Jurevicius | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Business Development Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 75,472 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Stephen Watson | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Product Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 71,698 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Jackie Mitchell | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Human Resources Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 66,415 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | Trevor McGahan | |||
| 2 | Reason for the notification
| ||||
| a)
| Position/status
| Operations Director | |||
| b)
| Initial notification /Amendment
| Initial Notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Microlise Group plc | |||
| b)
| LEI
| 213800JRGXV9OET1LW32 | |||
| 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 | Options over Ordinary Shares of £0.001 pence each | |||
| | | ||||
| Identification code | GB00BLR8L223 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of Options | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Exercise Price(s) | Volume(s) | | |
| | | £0.001 | 83,019 | | |
| | | | | | |
| d)
| Aggregated information | N/A - Single Transaction | |||
| | | ||||
| - Aggregated volume | | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 28/07/2022 | |||
| f)
| Place of the transaction
| Off market | |||
For further information, please contact:
Microlise Group plc
Nadeem Raza, CEO
Bill Wynn, CFO C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker)
Steve Pearce / James Moat / Harry Gooden Tel: 020 7496 3000
SEC Newgate (Financial PR)
Bob Huxford / Robin Tozer /Isabelle Smurfit Tel: 020 3757 6880
Email: microlise@secnewgate.co.uk
About Microlise
Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.
Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 350 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 600.
Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.
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