Aptitude Software Group PLC

Remuneration Information • Nov 24, 2022

National Storage Mechanism | Additional information

RNS Number : 4075H

Aptitude Software Group PLC

24 November 2022

Aptitude Software Group plc (the "Company")

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

On 22 November 2022 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)	98,300
PHILIP WOOD	Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer)	66,593
ALEX CURRAN	PDMR (Regional Chief Executive Officer, North America)	49,029
NICK NESBITT	PDMR (Regional Chief Executive Officer, International)	45,769
KELVIN LYNCH	PDMR (Chief Operating Officer)	31,622
CHRISTOPHE KASOLOWSKY	PDMR (Chief Product Officer)	39,112
JENNIFER MEAD	PDMR (Chief People Officer)	40,568

Each award has been granted subject to a performance condition based on the Company's Total Shareholder Return ("TSR") over the three year performance period starting on the date of grant relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) and the Company's EPS at the end of a three year performance period ending with 2024. The TSR performance condition accounts for 75% of each award and the EPS performance condition for 25% of each award. Details of the performance conditions are set out below. 

Vesting	TSR Performance Condition (Rank of the Company's TSR against the Comparator Group)	EPS Performance Condition (diluted EPS for the final year of the performance period)
25%	Median	16.4 pence
Between 25% and 100%	Between median and upper quartile	Between 16.4 pence and 18.8 pence
100%	Upper quartile or above	18.8 pence or more

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 TSR performance condition has been satisfied.  The other awards will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the TSR performance condition has been satisfied.

The following notifications have been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018:

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. Alex Curran

1. Nick Nesbitt

5. Kelvin Lynch

6. Christophe Kasolowsky

7. Jennifer Mead

2.

Reason for the notification

a)

Position/status

1. Executive Director/PDMR (Chief Executive Officer)

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

3. PDMR (Regional Chief Executive Officer, North America)

4. PDMR (Regional Chief Executive Officer, International)

5. PDMR (Chief Operating Officer)

6. PDMR (Chief Product Officer)

7. PDMR (Chief People Officer)

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 6.    n/a 7.    n/a	1. 98,300 2. 66,593 3. 49,029 4. 45,769 5. 31,622 6. 39,112 7. 40,568

e)

Aggregated information

-     Aggregate volume

-     Price

n/a

f)

Date of the transaction

22 November 2022

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

Contact:

Georgina Sharley, Company Secretary      Telephone: 020-3687-3200

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