Aptitude Software Group PLC Grant of awards under Performance Share Plan (7103R)
09 November 2021 - 4:05AM
UK Regulatory
TIDMAPTD
RNS Number : 7103R
Aptitude Software Group PLC
08 November 2021
Aptitude Software Group plc (the "Company")
Grant of awards under the Company's Performance Share Plan 2016
("PSP")
On 4 November 2021 Aptitude Software Group plc granted awards in
the form of options over ordinary shares in the Company ("Ordinary
Shares") under the PSP to the following Directors and PDMRs. Each
option has an exercise price per Ordinary Share equal to the
nominal value of an Ordinary Share.
Director/ PDMR Role Number of Ordinary
Shares over which
award granted
Executive Director/PDMR (Chief
JEREMY SUDDARDS Executive Officer) 57,676
------------------------------------ -------------------
Executive Director/PDMR (Deputy
Chief Executive Officer and Chief
PHILIP WOOD Financial Officer) 40,934
------------------------------------ -------------------
CLARE GROOM PDMR (Chief People Officer) 13,963
------------------------------------ -------------------
PDMR (Executive Vice President,
ALEX CURRAN North America) 15,733
------------------------------------ -------------------
TRISTAN ATKINS PDMR (Chief Technology Officer) 13,356
------------------------------------ -------------------
KELVIN LYNCH PDMR (Chief Delivery Officer) 13,356
------------------------------------ -------------------
PDMR (Executive Vice President,
NICK NESBITT International) 16,999
------------------------------------ -------------------
CHRISTOPHE PDMR (Executive Vice President,
KASOLOWSKY Product Strategy & Innovation) 37,236
------------------------------------ -------------------
Each award has been granted subject to a performance condition
based on the Company's Total Shareholder Return ("TSR") over the
three year performance period starting on the date of grant
relative to the TSRs of the constituents of the FTSE SmallCap Index
(excluding investment trusts) and the Company's EPS at the end of a
three year performance period ending with 2023. The TSR performance
condition accounts for 75% of each award and the EPS performance
condition for 25% of each award. Details of the performance
conditions are set out below.
Vesting TSR Performance Condition EPS Performance Condition
(Rank of the Company's ( diluted EPS for
TSR against the Comparator the final year of
Group) the performance period)
25% Median 16.7 pence
---------------------------- --------------------------
Between 25% and 100% Between median and Between 16.7 pence
upper quartile and 18.6 pence
---------------------------- --------------------------
100% Upper quartile or 18.6 pence or more
above
---------------------------- --------------------------
Each award is subject to a further performance condition that
the extent of vesting reflects the overall financial performance of
the Company over the performance period.
The awards granted to Jeremy Suddards and Philip Wood will,
ordinarily, vest on the second anniversary of the date on which the
Company's Remuneration Committee determines the extent to which the
TSR performance condition has been satisfied. The other awards
will, ordinarily, vest on the date on which the Company's
Remuneration Committee determines the extent to which the TSR
performance condition has been satisfied.
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Jeremy Suddards
2. Philip Wood
3. Clare Groom
4. Alex Curran
5. Tristan Atkins
6. Kelvin Lynch
7. Nick Nesbitt
8. Christophe Kasolowsky
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status 1. Executive Director/PDMR
(Chief Executive Officer)
2. Executive Director/PDMR
(Deputy Chief Executive Officer
and Chief Financial Officer)
3. PDMR (Chief People Officer)
4. PDMR (Executive Vice President,
North America)
5. PDMR (Chief Technology Officer)
6. PDMR (Chief Delivery Officer)
7. PDMR (Executive Vice President,
International)
8. PDMR (Executive Vice President,
Product Strategy & Innovation)
-------------------------------- -----------------------------------------
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 Options over Ordinary Shares
instrument, type of instrument of 7 1/3 pence each
-------------------------------- -----------------------------------------
b) Identification code ISIN: GB00BJV2F804
-------------------------------- -----------------------------------------
c) Nature of the transaction Grant of options under Performance
Share Plan 2016
-------------------------------- -----------------------------------------
d) Price(s) and volume(s) Price Number of Ordinary
Shares over
which Options
have been granted
1. n/a 1. 57,676
2. n/a 2. 40,934
3. n/a 3. 13,963
4. n/a 4. 15,733
5. n/a 5. 13,356
6. n/a 6. 13,356
7. n/a 7. 16,999
8. n/a 8. 37,236
-------------------
-------------------------------- -----------------------------------------
e) Aggregated information n/a
* Aggregate volume
* Price
-------------------------------- -----------------------------------------
f) Date of the transaction 4 November 2021
-------------------------------- -----------------------------------------
g) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------------
Name of authorised official of Georgina Sharley, Company Secretary,
issuer responsible for making Aptitude Software Group plc
notification:
-----------------------------------------
Contact:
Georgina Sharley, Company Secretary Telephone: 020-3687-3200
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