Grant of Options

RNS Number : 3455U

Microlise Group PLC

01 August 2022

 

1 August 2022

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, on 28 July 2022, the Company granted options (the "Options") over a total of 1,015,320 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares").

Options over a total of 973,811 were awarded to pursuant to the Company's Performance Share Plan (the "PSP Options") at an exercise price of £0.001 per Ordinary Share.

The PSP Options will, subject to the satisfaction of the performance criteria, which comprises a total shareholder return condition, vest on the third anniversary of the date of the grant of the Options. For the maximum award to vest an 18 per cent. compound annual growth total shareholder return needs to be achieved. An amount of 25 per cent. of the award vests at an 8 per cent. compound annual growth total shareholder return with straight line vesting between those points.

In addition, options over 41,509 Ordinary Shares were awarded to Lucy Sharman-Munday, Non-Executive Director, which vest on the third anniversary of the date of the grant of the Options subject to her continued employment by the Company.

The Options represent, in aggregate, 0.88% of the existing issued share capital of the Company. Following the grant of these Options, the Company has a total of 2,071,095 unvested Options outstanding, equating to approximately 1.79% of the existing issued share capital of the Company.

The grant includes options over an aggregate of 962,264 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	283,019	560,797
Bill Wynn	Chief Financial Officer	188,679	373,864
Duncan McCreadie	Chief Technical Officer	80,755	160,014
Lucy Sharman-Munday	Non-Executive Director	41,509	41,509
Nick Wightman	Finance Director	71,698	142,068
Paul Jurevicius	Business Development Director	75,472	149,546
Stephen Watson	Product Director	71,698	142,068
Jackie Mitchell	Human Resources Director	66,415	131,600
Trevor McGahan	Operations Director	83,019	164,500

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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	283,019
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bill Wynn
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	188,679
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
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	80,755
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lucy Sharman-Munday
2	Reason for the notification
a)	Position/status	Non-Executive 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	41,509
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
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	Finance 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	71,698
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Jurevicius
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	75,472
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
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	71,698
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
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 Resources 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	66,415
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
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	83,019
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	28/07/2022
f)	Place of the transaction	Off market

For further information, please contact:

Microlise Group plc

Nadeem Raza, CEO

Bill Wynn, 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 / Robin Tozer /Isabelle Smurfit                                  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 350 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 600. 

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.

 

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