Grant of Options

Microlise Group PLC

11 March 2024

 

11^th March 2024

Microlise Group plc

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

Grant of Options

Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces that the Company has granted options (the "Options") over a total of 1,430,342 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares").

Options over a total of 1,430,342 were awarded pursuant to the Company's Performance Share Plan (the "PSP Options") at an exercise price of £0.001 per Ordinary Share.

The PSP Options, which are linked to the Company's 2024 financial year will vest on 31^st December 2026, subject to the satisfaction of the performance criteria, which comprises a total shareholder return condition and an ESG condition linked to carbon reduction. See below for further detail:

·    The vesting of 90 per cent. of such award (the "Relative TSR Award") is based on the Company's total shareholder return ("TSR") performance over a three year period from 1 January 2024 relative to the TSR performance of the constituents of the FTSE AIM All Share Index over the same period. One quarter of the Relative TSR Award will vest for median ranking performance, rising on a straight-line basis to three quarters vesting of the Relative TSR Award for upper quartile ranking relative TSR performance. The final quarter of the Relative TSR Award will vest, rising on a straight line basis between upper quartile ranking relative TSR performance and the highest ranking relative TSR performance.

·    The vesting of 10 per cent. of the award is linked to the achievement of net zero carbon emissions by 2030. The maximum 10 per cent. of the award will vest if the Company achieves a 36 per cent. reduction in TC02e / FTE from the 2022 base line year. An amount of 2.5 per cent. of the award will vest if the Company achieves an 18 per cent. reduction in TC02e / FTE from the base line year with straight line vesting between those points.

The PSP Options represent, in aggregate, 1.22 per cent. of the existing issued share capital of the Company. Following the grant of these PSP Options, the Company has a total of 5,318,858 unvested Options outstanding, equating to approximately 4.39 per cent. of the existing issued share capital of the Company.

The grant includes options over an aggregate of 1,356,847 Ordinary Shares to persons discharging managerial responsibilities ("PDMRs") of the Company, which are in line with the Group's remuneration policy and are subject to typical holding, malus and clawback provisions. The resultant Option holdings of the PDMRs are as follows:

PDMR	Role	Number of Options granted	Resultant number Of Options held
Nadeem Raza	Chief Executive Officer	382,116	1,265,555
Nick Wightman	Chief Financial Officer	167,595	451,172
Shenny Remtulla	Strategy & M&A Director	187,706	187,706
Trevor McGahan	Operations Director	134,076	411,784
Duncan McCreadie	Chief Technical Officer	132,288	404,000
Paul Jurevicius	Business Development Director	123,350	377,047
Stephen Watson	Product Director	120,668	364,623
Jackie Mitchell	Human Resources Director	109,048	332,723
Total		1,356,847	3,794,610

For further information, please contact:

Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO	C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Harry Gooden	Tel: [phone]
SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside	Tel: [phone] Email: [e-mail]

About Microlise

Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 463 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 670. 

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nadeem Raza
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	382,116
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shenny Remtulla
2	Reason for the notification
a)	Position/status	Strategy & M&A Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	187,706
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Wightman
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	167,595
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Trevor McGahan
2	Reason for the notification
a)	Position/status	Operations Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	134,076
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan McCreadie
2	Reason for the notification
a)	Position/status	Chief Technical Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	132,288
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Jurevicious
2	Reason for the notification
a)	Position/status	Business Development Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	123,350
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Watson
2	Reason for the notification
a)	Position/status	Product Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	120,668
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jackie Mitchell
2	Reason for the notification
a)	Position/status	Human Resource Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Microlise Group plc
b)	LEI	213800JRGXV9OET1LW32
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 £0.001 pence each
	Identification code	GB00BLR8L223
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Exercise Price(s)	Volume(s)
			£0.001	109,048
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	07/03/2024
f)	Place of the transaction	Off market

 

END