Grant of Options

Microlise Group PLC
11 March 2024
 

11th 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 31st 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: 020 7496 3000

SEC Newgate (Financial PR)

Bob Huxford / Molly Gretton / Harry Handyside

Tel: 020 3757 6880

Email: microlise@secnewgate.co.uk

 

 

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

 

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