Tracsis PLC Grant of options (5957T)
09 January 2017 - 9:00PM
UK Regulatory
TIDMTRCS
RNS Number : 5957T
Tracsis PLC
09 January 2017
9 January 2017
Tracsis plc
("Tracsis" or the "Group")
Grant of options
Tracsis announces that, following a meeting of the Group's
remuneration committee on 5 January 2017, it formally granted
43,045 share options on 6 January 2017 to John McArthur, Chief
Executive Officer and 28,697 to Max Cawthra, Chief Finance Officer,
together the Group's Executive Directors.
The remuneration committee believes it is important to retain
and motivate Executive Directors whilst at the same time setting
challenging performance targets that are aligned with the Group's
strategic goals and in shareholders' 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 2019 be 17.38p, and
Total Shareholder Return (TSR) versus AIM peer group is in the top
quartile. Where statutory diluted EPS for the year ending 31 July
2019 be less than 14.38p, 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 John McArthur and Max Cawthra in
Tracsis plc can be summarised as follows:
Ordinary % of issued LTIP Options LTIP Options LTIP Options
shares share held prior awarded after
of 0.4p capital to this this award
held award
John McArthur 1,062,783 3.8% 92,727 43,045 135,772
Max Cawthra 177,860 0.6% 71,981 28,697 100,678
For more information please contact:
John McArthur/Max Cawthra, Tel: 0845 125
Tracsis plc 9162
Dominic Emery/Matt Lewis, Tel: 020 7597
Investec Bank plc 4000
Rebecca Sanders-Hewett / Sarah Tel: 0207 382
Fabietti-Dallison / Sam Modlin, 4730
Redleaf Communications Tracsis@redleafpr.com
Notes to editors:
-- The Group specialises in solving a variety of data capture,
reporting and resource optimisation problems along with the
provision of a range of associated professional services.
-- Tracsis' products and services are used to increase
efficiency, reduce cost and improve the operational performance and
decision making capabilities for clients and customers.
-- The Company offers the following services:
- Rail Technology & Services: Software and technology led
consulting, and Remote Condition Monitoring: Industry strength
software that covers a variety of asset classes working alongside
consulting and related professional services across the operational
and strategic planning horizon, plus Technology and reporting for
critical infrastructure assets in real time, to identify problems
and aid with preventative maintenance.
- Traffic & Data Services: Collation, analytical services,
and event management within traffic and pedestrian rich
environments.
-- Tracsis has a blue chip client base which includes the
majority of UK transport operators. The business also works
extensively with Network Rail, the Department of Transport,
multiple local authorities, Silverstone, Goodwood, and a variety of
large engineering/infrastructure companies.
-- The business drives growth both organically and through
acquisition and has made eight acquisitions since 2008.
-- Tracsis listed on AIM in 2007 under ticker TRCS.
-- For more information visit http://www.tracsis.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 09, 2017 05:00 ET (10:00 GMT)