Grant of Options

RNS Number : 2505H

Tracsis PLC

09 July 2012

 



Tracsis plc

("Tracsis"; the "Company" or "the Group")

Grant of options

Tracsis, a developer and aggregator of resource optimisation, data capture and reporting technologies to the transport industries is pleased to announce that following a remuneration committee meeting that took place on 20 June 2012, the Board has today granted 150,000 share options to the Group's Finance Director, Max Cawthra, in recognition of the significant contribution he has made to the success of the business since joining in September 2010.

The options were granted under the Company's EMI Share Option Scheme which allows Tracsis to grant up to 10% of the Company's issued share capital for the purpose of staff retention and motivation.  The options granted have an exercise price of 89 pence per share, that being the market price on 20 June 2012; will vest in 6 month intervals over a period of three years from date of grant and once vested are exercisable at any time for a period of 10 years from the date of grant.

For more information please contact:

John McArthur, Tracsis plc	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]
Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill	Tel: [phone] [e-mail]

Notes to editors:

§ Tracsis plc provides the transportation industry with tools to control and optimise critical aspects of resource optimisation and delivery with the ultimate goal of increasing efficiency, reducing cost and improving performance.

§ The Company addresses these issues through the following divisions:

o  Application software - Tracsis has developed various products to optimise resources, capture data, manage the collated information and report and communicate performance.

o  Embedded software - The Company provides condition monitoring and data logging equipment for the management and maintenance of infrastructure.

o  Professional services - Tracsis advises on key operational and strategic planning problems, providing clients with efficient and best practice solutions to issues faced by transport operators and infrastructure owners.

§ The Company's clients include the majority of UK railway operators, including Network Rail, Virgin Group, Arriva and First Group. Tracsis also works with operators in Europe and Australia.

§ The business drives growth both organically and through acquisition.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com

 

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