Result of AGM and Grant of Sh

RNS Number : 3927M

Tracsis PLC

28 January 2009

 

Tracsis plc

Result of AGM and Grant of Share Options

Tracsis plc, (the 'Company') (AIM: TRCS), a provider of labour resource optimisation software for the transport sector is pleased to announce that, at the Annual General Meeting of the Company held today, all resolutions were duly passed.

Furthermore, on 28 January 2009 (the 'Grant Date') John McArthur (Chief Executive Officer), Robert Watson, (Chief Operations Officer) and various employees, were awarded options over ordinary shares of 0.4 pence each ('Options') at an exercise price of 52 pence per share exercisable as to the following amounts after the following periods of time after the Grant Date. 

Period after the Grant Date	Cumulative Percentage of Options exercisable
6 Months	10%
12 Months	25%
18 Months	40%
24 Months	55%
30 Months	75%
36 Months	100%

The Options were awarded as part of the Company's Enterprise Management Incentive Scheme as detailed in the Company's admission document which is available on the Company's website.

John McArthur has been granted 140,000 Options under this arrangement.

Robert Watson has been granted 130,000 Options under this arrangement.

Various employees of the Company have been granted 635,000 Options under this arrangement.

There are no further details required under Schedule Five of the AIM Rules for Companies.

28 January 2009

Enquiries:

Tracsis plc John McArthur	0845 125 9162
Haggie Financial LLP Nicholas Nelson Kathy Boate	020 7417 8989
Zeus Capital Alex Clarkson Bobby Fletcher	0161 831 1512

 

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