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 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 | 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:
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| Tracsis plc | Tel: 0845 125 9162 |
| Chris Barnes, CEO | |
| Andy Kelly, CFO | |
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| 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 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: | 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 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: | 04/12/2023 | ||||
| f) | Place of the transaction: | Outside a trading venue | ||||
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