TRACSIS PLC

Director's Dealing • Jan 23, 2025

National Storage Mechanism | Additional information

RNS Number : 4874U

Tracsis PLC

23 January 2025

23 January 2025

Tracsis plc

("Tracsis", "the Group" or "the Company")

Award of Options

Tracsis, a leading transport technology provider, announces that following a meeting of the Group's Remuneration Committee, on 22 January 2025 it awarded 82,774 share options to Chris Barnes, Chief Executive Officer and PDMR of the Company and 57,046 share options to Andy Kelly, Chief Financial Officer and PDMR of the Company.

In addition to the above, authority was provided to the Executive Directors to award share options to other senior managers who are not PDMRs of the Company, resulting in a total award not exceeding 319,000 shares (including those awarded to the Executive Directors).

Subject to performance conditions and vesting, these options will become exercisable on 1 December 2027.

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.

The full award is only exercisable should the compound annual growth rate for adjusted diluted Earnings Per Share (EPS) for the year ending 31 July 2027 compared with the same measure for the year ending 31 July 2024 be at least 27%, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile. Where the compound annual growth rate for adjusted diluted EPS for the year ending 31 July 2027 compared with the same measure for the year ending 31 July 2024 is less than 17%, 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 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	44,305	0.15%	70,371	82,774	153,145
Andy Kelly	12,996	0.04%	48,058	57,046	105,104

Following the award, there are a total of 841,715 options outstanding, representing approximately 2.8% of the current issued share capital of the Company

Tracsis plc Jan Mitson Group Company Secretary	+44 (0)845 125 9162
Berenberg (Nominated Adviser, Corporate Broker & Financial Adviser) Mark Whitmore / Richard Andrews / Mollie D'Arcy Rice James Thompson (QE)	+44 (0)20 3207 7800

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Transaction Details - Chris Barnes

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Chris Barnes

1.

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial notification

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Tracsis plc

b)

LEI:

2138005I15G3HBN2WD92

3.

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

GB00B28HSF71

b)

Nature of the transaction:

Award of LTIP options

c)

Price(s) and volume(s):

Price(s)	Volume(s)
0.4 pence	82,774

d)

Aggregated information:

·  Aggregated volume:

·  Price:

As above

e)

Date of the transaction:

22 January 2025

f)

Place of the transaction:

Away from a trading venue

Transaction Details - Andy Kelly

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

And y Kelly

1.

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial notification

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Tracsis plc

b)

LEI:

2138005I15G3HBN2WD92

3.

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

GB00B28HSF71

b)

Nature of the transaction:

Award of LTIP options

c)

Price(s) and volume(s):

Price(s)	Volume(s)
0.4 pence	57,046

d)

Aggregated information:

·  Aggregated volume:

·  Price:

As above

e)

Date of the transaction:

22 January 2025

f)

Place of the transaction:

Away from a trading venue

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