1SPATIAL PLC

Remuneration Information • Mar 13, 2024

National Storage Mechanism | Additional information

RNS Number : 5993G

1Spatial Plc

13 March 2024

13 March 2024

1SPATIAL PLC

("1Spatial", the "Company" or the "Group")

Employee Share Awards and PDMR Dealings

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, announces that it has today granted LTIP awards (consisting of either a contingent right or a nil-cost option to acquire Ordinary Shares for no consideration) over 555,000 ordinary shares of 10p each in the Company ("Ordinary Shares") (the "LTIP Awards").  In addition, the Company has granted 120,000 options to certain senior employees.

The LTIP Awards have been granted to certain senior employees and include an initial award to Stuart Ritchie, the Company's Chief Financial Officer:

Director	No. of LTIP Awards
Stuart Ritchie (Chief Financial Officer)	300,000

The LTIP Awards will vest subject to the achievement of an agreed set of performance targets established by the Remuneration committee as at the date of the award:

·    25 per cent of the shares vest subject to the achievement of a revenue target for the year ending 31 January 2027 ("2027 Revenue").

·    25 per cent of the shares vest subject to the achievement of an EBITDA target for the year ending 31 January 2027 ("2027 EBITDA"). 

·    50 per cent of the shares vest subject to the achievement of a share price target which will be calculated against the average closing mid-price for the 20 trading days following the Company's Annual General Meeting in 2027 ("2027 Share Price").

Following vesting, the LTIP Awards will be subject to an additional one-year holding period (before the award can be exercised or the shares otherwise be released).

In the event of a takeover of the Company completing, either by way of a contractual takeover offer becoming wholly unconditional or a scheme of arrangement becoming effective, the LTIP Awards would vest in full, provided that the award holder continues to be an employee at that time.

For further information, please contact:

1Spatial plc	01223 420 414
Claire Milverton / Stuart Ritchie
Liberum (Nomad and Broker)	020 3100 2000
Max Jones / Edward Mansfield /  Anake Singh
Alma S trategic Communications	020 3405 0205
Caroline Forde / Hannah Campbell	1spatial@almastrategic.com

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

Today, when using and sharing trusted data provides significant opportunities for businesses and governments to deliver against important sustainability and Net Zero goals, our vision is clear - to make the world safer, smarter and more sustainable by unlocking the value in data, enabling better decisions and greater insights.

The 1Spatial platform is a comprehensive set of data and system agnostic LMDM software components which helps ensure master data is compliant, current, complete, consistent, and coordinated - and that customers can be confident it will remain that way as it evolves. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both.

Our domain expertise and data agnostic approach allows us to be an integral and important part of the Geospatial Ecosystem, supporting the wider digital economy.  We partner with major technology consultancies and GIS providers such as ESRI and bring together our people, innovative solutions, industry knowledge and experience from our extensive customer base to deliver world class solutions. 

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.

www.1spatial.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Ritchie
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	1Spatial plc
b)	LEI	213800VG7OZYQES6PN67
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	LTIP Awards over ordinary shares of 10 pence each GB00BFZ45C84
b)	Nature of the transaction	LTIP Awards
c)	Price(s) and volume(s)	Price	Volume
NIL	300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 March 2024
f)	Place of the transaction	Off-market transaction

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