Grant of Options

Microlise Group PLC

22 December 2023

 

22 December 2023

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 1,049,226 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares").

Options over a total of 1,049,226 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 2023 financial year will vest on 31 December 2025, subject to the satisfaction of certain performance criteria, which comprises a total shareholder return condition and an ESG condition linked to carbon reduction. See below for further detail:

·    The majority (90 per cent.) of the award will vest if the company achieves compounded annual growth of at least 18 per cent. total shareholder return in the three years from 1 January 2023 to 31 December 2025 (the "Performance Period"). An amount of 25 per cent. of the award will vest if the company achieves compounded annual growth of at least 8 per cent. to total shareholder return the performance period with straight line vesting between those points.

·    A further 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 Options represent, in aggregate, 0.90 per cent. of the existing issued share capital of the Company. Following the grant of these Options, the Company has a total of 2,746,457 unvested Options outstanding, equating to approximately 2.37 per cent. of the existing issued share capital of the Company.

The grant includes options over an aggregate of 987,170 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	322,642	833,439
Duncan McCreadie	Chief Technical Officer	111,698	271,712
Nick Wightman	Chief Financial Officer	141,509	283,577
Paul Jurevicius	Business Development Director	104,151	253,697
Stephen Watson	Product Director	101,887	243,955
Jackie Mitchell	Human Resources Director	92,075	223,675
Trevor McGahan	Operations Director	113,208	277,708
Total		987,170	2,437,763

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

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	322,642
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	111,698
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	141,509
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	104,151
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	101,887
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	92,075
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
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	113,208
d)	Aggregated information	N/A - Single Transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	22/12/2023
f)	Place of the transaction	Off market

 

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