11th March 2024
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 the Company has granted options (the "Options") over a total of 1,430,342
ordinary shares of £0.001 each in the capital of the Company
("Ordinary
Shares").
Options over a total of 1,430,342 were awarded
pursuant to the Company's Performance Share Plan (the "PSP Options") at an exercise price of
£0.001 per Ordinary Share.
The PSP Options, which are linked
to the Company's 2024 financial year will vest on 31st
December 2026, subject to the satisfaction of the performance
criteria, which comprises a total shareholder return condition and
an ESG condition linked to carbon reduction. See below for further
detail:
· The
vesting of 90 per cent. of such award (the "Relative TSR Award") is based on the
Company's total shareholder return ("TSR") performance over a three year
period from 1 January 2024 relative to the TSR performance of the
constituents of the FTSE AIM All Share Index over the same period.
One quarter of the Relative TSR Award will vest for median ranking
performance, rising on a straight-line basis to three quarters
vesting of the Relative TSR Award for upper quartile ranking
relative TSR performance. The final quarter of the Relative TSR
Award will vest, rising on a straight line basis between upper
quartile ranking relative TSR performance and the highest ranking
relative TSR performance.
· The
vesting of 10 per cent. of the award is linked to the achievement
of net zero carbon emissions by 2030. The maximum 10 per cent. of
the award will vest if the Company achieves a 36 per cent.
reduction in TC02e / FTE from the 2022 base line year. An amount of
2.5 per cent. of the award will vest if the Company achieves an 18
per cent. reduction in TC02e / FTE from the base line year with
straight line vesting between those points.
The PSP Options represent, in aggregate, 1.22
per cent. of the existing issued share capital of the Company.
Following the grant of these PSP Options, the Company has a total
of 5,318,858 unvested Options outstanding, equating to
approximately 4.39 per cent. of the existing issued share capital
of the Company.
The grant includes options over an aggregate of
1,356,847 Ordinary 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
|
382,116
|
1,265,555
|
|
Nick Wightman
|
Chief Financial Officer
|
167,595
|
451,172
|
|
Shenny Remtulla
|
Strategy & M&A
Director
|
187,706
|
187,706
|
|
Trevor McGahan
|
Operations Director
|
134,076
|
411,784
|
|
Duncan McCreadie
|
Chief Technical Officer
|
132,288
|
404,000
|
|
Paul Jurevicius
|
Business Development
Director
|
123,350
|
377,047
|
|
Stephen Watson
|
Product Director
|
120,668
|
364,623
|
|
Jackie Mitchell
|
Human Resources Director
|
109,048
|
332,723
|
|
Total
|
|
1,356,847
|
3,794,610
|
For further
information, please contact:
|
Microlise Group plc
Nadeem Raza, CEO
Nick Wightman, 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 / Molly Gretton / Harry
Handyside
|
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 463
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 670.
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.
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
|
382,116
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Shenny Remtulla
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Strategy & M&A
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
|
187,706
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
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
|
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
|
167,595
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
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
|
134,076
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
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
|
132,288
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Paul Jurevicious
|
|
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
|
123,350
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
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
|
120,668
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
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 Resource 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
|
109,048
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - Single Transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
07/03/2024
|
|
f)
|
Place of the transaction
|
Off market
|