Aptitude Software Group PLC

Director's Dealing • Oct 29, 2019

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RNS Number : 3727R

Aptitude Software Group PLC

29 October 2019

29 October 2019

Aptitude Software Group plc (the "Company")

Grant of awards under the Company's Performance Share Plan 2016 ("PSP")

On 28 October 2019 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
JEREMY SUDDARDS	Executive Director/PDMR (Chief Executive Officer Designate)	85,179
PHILIP WOOD	Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer)	62,606
CHRIS WADE	PDMR (Chief Product Officer)	23,918
CLARE GROOM	PDMR (Chief People Officer)	14,211
ALEX CURRAN	PDMR (Vice President, North America)	19,909

Each award has been granted subject to performance conditions based on targets relating to growth in Earnings Per Share over a performance period of three financial years starting with 2019 (as regards 50% of each award) and the Company's Total Shareholder Return ("TSR") over the same performance period relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) (as regards 50% of each award), as set out below. 

EPS element

Annual compound growth in EPS	Percentage of the EPS element that vests
19%	25%
Greater than 19% but less than 23%	Determined on a straight-line basis between 25% and 100%
23% or greater than 23%	100%

TSR element

Rank of the Company's TSR against the Comparator Group	Percentage of the TSR element that vests
Median	25%
Between upper quartile and median	Determined on a straight-line basis between 25% and 100%
Upper quartile or above	100%

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 performance conditions have been satisfied.  The other awards will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have 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.   Chris Wade

4.   Clare Groom

5.   Alex Curran

2.

Reason for the notification

a)

Position/status

1.   Executive Director/PDMR (Chief Executive Officer Designate)

2.   Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer)

3.   PDMR (Chief Product Officer)

4.   PDMR (Chief People Officer)

5.   PDMR (Vice President, North America)

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 instrument, type of instrument

Options over Ordinary Shares 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 2.   n/a 3.   n/a 4.   n/a 5.   n/a	1.   85,179 2.   62,606 3.   23,918 4.   14,211 5.   19,909

e)

Aggregated information

-     Aggregate volume

-     Price

n/a

f)

Date of the transaction

28 October 2019

g)

Place of the transaction

Outside a trading venue

Name of authorised official of issuer responsible for making notification:

Georgina Sharley, Company Secretary, Aptitude Software Group plc

Name of contact:                      GEORGINA SHARLEY, COMPANY SECRETARY

Address of contact:                   APTITUDE SOFTWARE GROUP PLC, OLD CHANGE HOUSE, 128 QUEEN VICTORIA STREET, LONDON, EC4V 4BJ

Telephone number of contact:    020-3880-7100

www.aptitudesoftware.com

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