Exercise of awards under 2020 Deferred Bonus Plan

RNS Number : 2783X

Aptitude Software Group PLC

24 April 2023

 

Aptitude Software Group plc (the "Company")

Exercise of awards under the Aptitude 2020 Deferred Bonus Plan ("DBP")

The Company announces that the Deferred Bonus Shares awarded to the Executive Directors on 19 March 2021 (as part of the annual bonuses for the year ended 31 December 2020) vested on 21 March 2023 under the terms of the Company's DBP. The Deferred Bonus Shares were nil cost options subject to a two-year holding period, and included an entitlement to receive dividend equivalent shares during the holding period.

On 21 April 2023 the Executive Directors exercised the following Deferred Bonus Shares:

Director and role	Deferred Bonus Share awards exercised	Dividend equivalent shares exercised	Total number of awards exercised	Shares sold to cover tax liabilities and brokerage costs	Shares retained
Jeremy Suddards - Chief Executive Officer	1,899	56	1,955	924	1031
Philip Wood - Deputy Chief Executive Officer	1,861	55	1,916	905	1011

The issue of ordinary shares resulting from the exercise of these awards was satisfied through the transfer of shares from the Company's Employee Benefit Trust.

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

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Jeremy Suddards
2.	Reason for the notification
a)	Positio n / status	Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
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	Ordinary shares of 7 1/3 pence each
b)	Identification code	ISIN: GB00BJV2F804
c)	Nature of the transaction	1)  Exercise of options under the Aptitude 2020 Deferred Bonus Plan, including dividend equivalent shares 2)  Partial sale of shares in connection with exercise of options under the Aptitude 2020 Deferred Bonus Plan 3)  4)  5)  6)
d)	Price(s) and volume(s)	Price(s) Volume(s) 1)  n/a 1,955 2)  £3.57 924
e)	Aggregated information -  Volume -  Price	N/A
f)	Date of the transaction	21 April 2023
g)	Place of the transaction	1)  Outside a trading venue 2)  London Stock Exchange (XLON)
Name of authorised official of issuer responsible for making notification		Georgina Sharley, Company Secretary, Aptitude Software Group plc

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Philip Wood
2.	Reason for the notification
a)	Positio n / status	Deputy Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
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	Ordinary shares of 7 1/3 pence each
b)	Identification code	ISIN: GB00BJV2F804
c)	Nature of the transaction	1)  Exercise of options under the Aptitude 2020 Deferred Bonus Plan, including dividend equivalent shares 2)  Partial sale of shares in connection with exercise of options under the Aptitude 2020 Deferred Bonus Plan 3)  4)  5)  6)
d)	Price(s) and volume(s)	Price(s) Volume(s) 1)  n/a 1,916 2)  £3.57 905
e)	Aggregated information -  Volume -  Price	N/A
f)	Date of the transaction	21 April 2023
g)	Place of the transaction	1)  Outside a trading venue 2)  London Stock Exchange (XLON)
Name of authorised official of issuer responsible for making notification		Georgina Sharley, Company Secretary, Aptitude Software Group plc

Enquiries:

Georgina Sharley

Company Secretary, Aptitude Software Group plc

Telephone:  [phone] 

 

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